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Registration number: 10963449

Ridge House Enterprises Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 October 2022 to 31 March 2024

 

Ridge House Enterprises Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Ridge House Enterprises Limited

(Registration number: 10963449)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

418

670

Current assets

 

Debtors

1,060

2,095

Cash at bank and in hand

 

1,658

3,083

 

2,718

5,178

Creditors: Amounts falling due within one year

(2,448)

(2,246)

Net current assets

 

270

2,932

Net assets

 

688

3,602

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

686

3,600

Total equity

 

688

3,602

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

Mr I Hollingsworth
Director

Mrs K L Hollingsworth
Director

 
     
 

Ridge House Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kimberley House
Holywell Lake
Wellington
Somerset
TA21 0EH

These financial statements were authorised for issue by the Board on 31 July 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Ridge House Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% Reducing balance

Fixtures & fittings

25% Reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 October 2022

1,735

At 31 March 2024

1,735

Depreciation

At 1 October 2022

1,065

Charge for the year

252

At 31 March 2024

1,317

Carrying amount

At 31 March 2024

418

At 30 September 2022

670

5

Related party transactions

Advances to directors


Mr I Hollingsworth

During the period Mr I Hollingsworth went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £2,631 (2022 - £825). At the year end the amount outstanding from Mr I Hollingsworth was £356 (2022 - £). Interest has been charged at the commercial rate.


Mrs K L Hollingsworth

During the period Mrs K L Hollingsworth went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £2,631 (2022 - £825). At the year end the amount outstanding from Mrs K L Hollingsworth was £356 (2022 - £). Interest has been charged at the commercial rate.