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REGISTERED NUMBER: 03901228 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ridgeway Land Limited

Ridgeway Land Limited (Registered number: 03901228)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Ridgeway Land Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I R Moulton
V J Moulton





SECRETARY: V J Moulton





REGISTERED OFFICE: Ridgeview
East Harting St
East Harting
Petersfield
GU31 5LY





REGISTERED NUMBER: 03901228 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Ridgeway Land Limited (Registered number: 03901228)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,600 8,825
Investment property 5 3,332,950 3,746,150
3,338,550 3,754,975

CURRENT ASSETS
Debtors 6 3,496 403,391
Cash at bank 736,320 11,000
739,816 414,391
CREDITORS
Amounts falling due within one year 7 279,171 133,181
NET CURRENT ASSETS 460,645 281,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,799,195

4,036,185

PROVISIONS FOR LIABILITIES - 24,706
NET ASSETS 3,799,195 4,011,479

CAPITAL AND RESERVES
Called up share capital 8 20,800 20,800
Share premium 777,890 777,890
Fair value reserve 9 - 67,500
Retained earnings 3,000,505 3,145,289
SHAREHOLDERS' FUNDS 3,799,195 4,011,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Land Limited (Registered number: 03901228)

Balance Sheet - continued
30 April 2024


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

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 15 November 2024 and were signed on its behalf by:





I R Moulton - Director


Ridgeway Land Limited (Registered number: 03901228)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ridgeway Land 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Ridgeway Land Limited (Registered number: 03901228)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
Turnover represents the value of sales made and rent and service charges receivable during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 11,200 11,648 22,848
DEPRECIATION
At 1 May 2023 4,480 9,543 14,023
Charge for year 1,120 2,105 3,225
At 30 April 2024 5,600 11,648 17,248
NET BOOK VALUE
At 30 April 2024 5,600 - 5,600
At 30 April 2023 6,720 2,105 8,825

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,746,150
Additions 365,000
Disposals (688,200 )
Revaluations (90,000 )
At 30 April 2024 3,332,950
NET BOOK VALUE
At 30 April 2024 3,332,950
At 30 April 2023 3,746,150

Ridgeway Land Limited (Registered number: 03901228)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 207,030
Valuation in 2021 (23,179 )
Valuation in 2023 (93,851 )
Valuation in 2024 (90,000 )
Cost 3,332,950
3,332,950

If following historic cost had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 3,332,950 3,656,150

Investment property was valued on an open market basis on 30 April 2024 by the directors .

The revaluation carried out during the year was on the investment properties wholly owned by the company. The investment properties which were partially owned through the Craigard investment scheme were not revalued.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 2,705 1,769
Other debtors 791 401,622
3,496 403,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 180 -
Taxation and social security - 61,907
Other creditors 278,991 71,274
279,171 133,181

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
9,400 Ordinary £1 9,400 9,400
1,000 Ordinary 'A' £1 1,000 1,000
5,474 Ordinary 'B' £1 5,474 5,474
1,781 Ordinary 'C' £1 1,781 1,781
3,145 Ordinary 'D' £1 3,145 3,145
20,800 20,800

Ridgeway Land Limited (Registered number: 03901228)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 67,500
Fair value transfer (67,500 )

At 30 April 2024 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
I R Moulton
Balance outstanding at start of year 401,622 (563,943 )
Amounts advanced 356,140 1,062,297
Amounts repaid (922,133 ) (96,732 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (164,371 ) 401,622

At the year end the company owed £164,371 (2023: owed by directors £401,622) to the directors.

Ridgeway Land Limited

Report of the Accountants to the Directors of
Ridgeway Land Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................