REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
RIDGWAY HOLDINGS INTERNATIONAL LTD |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
RIDGWAY HOLDINGS INTERNATIONAL LTD |
RIDGWAY HOLDINGS INTERNATIONAL LTD (REGISTERED NUMBER: 03209914) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RIDGWAY HOLDINGS INTERNATIONAL LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Kingsland House |
39 Abbey Foregate |
Shrewsbury |
Shropshire |
SY2 6BL |
RIDGWAY HOLDINGS INTERNATIONAL LTD (REGISTERED NUMBER: 03209914) |
BALANCE SHEET |
30 APRIL 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ |
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 |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
RIDGWAY HOLDINGS INTERNATIONAL LTD (REGISTERED NUMBER: 03209914) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Ridgway Holdings International Ltd is a private company, limited by shares, incorporated and registered in England and Wales.The company's registered number and registered office address can be found on the Company Information page. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Accounting convention |
These financial statements are for the individual entity only. |
The financial statements are presented in Sterling (£), rounded to the nearest £1. |
Significant judgements and estimates |
Owing to the nature of the individual entity's activities, there are no significant judgements or estimates required so as to produce accounts for the entity. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to it working condition for its intended use. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
RIDGWAY HOLDINGS INTERNATIONAL LTD (REGISTERED NUMBER: 03209914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
3. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised |
at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of |
impairment. Any impairment is recognised in profit and loss. |
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party. |
Basic financial liabilities including trade and other creditors are initially recognised at transaction price and |
subsequently carried at amortised cost. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Amounts owed by group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Social security and other taxes |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
RIDGWAY HOLDINGS INTERNATIONAL LTD (REGISTERED NUMBER: 03209914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
9. | CONTINGENT LIABILITIES |
The company has provided an unlimited cross guarantee to Barclays Bank plc, dated 7 June 2018 in respect of bank borrowings of Ridgway Properties Limited, a group company. As at the year end the contingent liability in respect of this cross guarantee amounted to £Nil (2023: £152,250). |
Ridgway Holdings International Limited has provided a guarantee to secure the bank borrowings and debt factoring of Ridgway Rentals Limited. |
Ridgway Holdings International Limited and the immediate holding parent company Sandford Assets Limited, have provided guarantees to secure various hire purchase liabilities of the subsidiary Ridgway Rentals Limited totalling £39,859,903 (2023: £35,891,747). |
10. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
11. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is group for which consolidated financial statements are prepared, which include Ridgway Holdings International Limited. |
The ultimate parent company is |
Ridgway Holdings Limited is the parent of the largest group for which consolidated financial statements are |
prepared, which include Ridgway Holdings International Limited. |
Group accounts are freely available from Companies House. |
The registered office of both the immediate parent company and the ultimate parent company is Earthmover |
House Ridgway Business Park, St Martins, Oswestry, Shropshire, SY11 3PZ. |
The ultimate controlling party is in the ultimate parent company, Ridgway Holdings Limited. |