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REGISTERED NUMBER: 08351278 (England and Wales)










REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2023

FOR

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2023




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 4

Income Statement 5

Balance Sheet 6

Notes to the Financial Statements 8


RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 DECEMBER 2023







DIRECTORS: M L Patel
J G Prendergast
S M Shah
N Shah





SECRETARY: Michael Laurie Magar Limited





REGISTERED OFFICE: c/o MLM Property Management,
Premiere House
Elstree Way
Borehamwood
WD6 1JH





REGISTERED NUMBER: 08351278 (England and Wales)





ACCOUNTANTS: Websters
12 Melcombe Place
London
NW1 6JJ

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 24 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 24 December 2023.

PRINCIPAL ACTIVITY
The company owns the reversionary freehold title of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD. The company's principal activities comprise the control and supervision of this interest, the related collection of ground rents and the control, supervision and management, on behalf of the lessees, of the site known as Ridgeway Court.

DIRECTORS
The directors shown below have held office during the whole of the period from 25 December 2022 to the date of this report.

M L Patel
J G Prendergast
S M Shah
N Shah

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in defending certain proceedings against them.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 24 DECEMBER 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:



S M Shah - Director


19 September 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridgeway Court (Stanmore) Freehold Limited for the year ended 24 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ridgeway Court (Stanmore) Freehold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ridgeway Court (Stanmore) Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Ridgeway Court (Stanmore) Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ridgeway Court (Stanmore) Freehold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ridgeway Court (Stanmore) Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ridgeway Court (Stanmore) Freehold Limited. You consider that Ridgeway Court (Stanmore) Freehold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ridgeway Court (Stanmore) Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Websters
12 Melcombe Place
London
NW1 6JJ


19 September 2024

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

INCOME STATEMENT
FOR THE YEAR ENDED 24 DECEMBER 2023

24.12.23 24.12.22
Notes £    £   

TURNOVER 80 80

Administrative expenses (1,011 ) (1,120 )
(931 ) (1,040 )

Other operating income 931 -
OPERATING LOSS 4 - (1,040 )

Interest receivable and similar income - 1
LOSS BEFORE TAXATION - (1,039 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR - (1,039 )

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

BALANCE SHEET
24 DECEMBER 2023

24.12.23 24.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 65,000 65,000

CURRENT ASSETS
Debtors 6 1,282 1,195

CREDITORS
Amounts falling due within one year 7 (1,206 ) (1,119 )
NET CURRENT ASSETS 76 76
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,076

65,076

CREDITORS
Amounts falling due after more than one
year

8

(18,574

)

(18,574

)
NET ASSETS 46,502 46,502

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 46,417 46,417
Retained earnings 75 75
46,502 46,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

BALANCE SHEET - continued
24 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





S M Shah - Director


RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2023

1. STATUTORY INFORMATION

Ridgeway Court (Stanmore) Freehold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises ground rent income from the tenants of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD.

Service charge funds
The company receives contributions towards property outgoings from the lessees to the service charge fund. However, as set out in Section 42 of The Landlord & Tenant Act 1987, the company holds these funds in trust for the lessees and therefore it is the opinion of the directors that these contributions along with the assets and liabilities of the service charge fund should not be reflected in the accounts.

Depreciation
No depreciation has been provided on the reversionary freehold interest as the directors are of the view that's its value will not diminish. The directors consider that this accounting policy, which is a departure from the requirements of the Companies Act concerning depreciation of fixed assets, is therefore necessary to provide a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. OPERATING LOSS

The directors received no remuneration in respect of their services to the company for the period.

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 25 December 2022
and 24 December 2023 65,000
NET BOOK VALUE
At 24 December 2023 65,000
At 24 December 2022 65,000

RIDGEWAY COURT (STANMORE) FREEHOLD
LIMITED (REGISTERED NUMBER: 08351278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

The company owns the reversionary freehold interest in Ridgeway Court, The Ridgeway, Stanmore HA7 4BD which was purchased for £65,000 consideration on 30 October 2013. In the directors' opinion the property does not qualify as an Investment Property as defined by the provisions of Section 16 of FRS102 as the property is held primarily for administrative purposes and ground rentals receivable are incidental to this primary purpose. Therefore the property is held on the balance sheet at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.23 24.12.22
£    £   
Other debtors 1,282 1,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.23 24.12.22
£    £   
Other creditors 1,206 1,119

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.12.23 24.12.22
£    £   
Participator loans 18,574 18,574

The above loan was made to the company by its shareholders, to fund the freehold purchase of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD. The amount outstanding on the loan at the balance sheet date is £18,574 (2022: £18,574). The loans are repayable at the sole discretion of the company and are interest free.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related party.