REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
FOR |
HIGH RIDGE (SANDBANKS) LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
FOR |
HIGH RIDGE (SANDBANKS) LIMITED |
HIGH RIDGE (SANDBANKS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 24 MARCH 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Durrant Road |
Bournemouth |
Dorset |
BH2 6NE |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 24 MARCH 2024 |
The directors present their report with the financial statements of the company for the year ended 24 March 2024. |
PRINCIPAL ACTIVITY |
The principle activity of the company for the period was to hold the freehold interest at 75 Banks Road, Sandbanks, Poole, Dorset. The freehold was acquired in March 2011. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 25 March 2023 to the date of this report. |
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: |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 24 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT/(LOSS) and |
PROFIT/(LOSS) BEFORE TAXATION | ( |
) |
Tax on profit/(loss) | 4 |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
( |
) |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
BALANCE SHEET |
24 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Freehold reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
BALANCE SHEET - continued |
24 MARCH 2024 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2024 |
1. | STATUTORY INFORMATION |
High Ridge (Sandbanks) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover for the year represents members' contributions to company expenses and ground rent. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 24 March 2024 nor for the year ended 24 March 2023. |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 25 March 2023 |
and 24 March 2024 |
NET BOOK VALUE |
At 24 March 2024 |
At 24 March 2023 |
The freehold has been written down by 5/6ths of the original cost in respect of the 5 members. The value of the freehold is now within the long leases that they hold. The corresponding freehold reserve has also been written down by the same amount. |
The freehold cost carried forward is equal to the share of the remaining non participator. |
HIGH RIDGE (SANDBANKS) LIMITED (REGISTERED NUMBER: 073501 |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 MARCH 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Accruals and deferred income |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £0.40 | 2 | 2 |
9. | RESERVES |
Retained | Freehold |
earnings | reserve | Totals |
£ | £ | £ |
At 25 March 2023 | 52,663 |
Profit for the year | - |
At 24 March 2024 | 52,722 |