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RIDGE INVESTMENTS LIMITED

Registered Number
13330421
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

RIDGE INVESTMENTS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

David Michael Cozens
Jennifer Helen Cozens

Registered Address

Ritzy Offices 2-3 Dorcan Business Village,
Murdock Road
Swindon
SN3 5HY

Registered Number

13330421 (England and Wales)
RIDGE INVESTMENTS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3582,000587,000
582,000587,000
Current assets
Debtors789555
Cash at bank and on hand9,58012,404
10,36912,959
Creditors amounts falling due within one year4(231,589)(231,288)
Net current assets (liabilities)(221,220)(218,329)
Total assets less current liabilities360,780368,671
Creditors amounts falling due after one year5(381,505)(381,505)
Provisions for liabilities8(14,657)(12,089)
Net assets(35,382)(24,923)
Capital and reserves
Called up share capital150150
Profit and loss account(35,532)(25,073)
Shareholders' funds(35,382)(24,923)
The financial statements were approved and authorised for issue by the Board of Directors on 28 January 2025, and are signed on its behalf by:
Jennifer Helen Cozens
Director
Registered Company No. 13330421
RIDGE INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 May 23587,000
Fair value adjustments(5,000)
At 30 April 24582,000
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-24
Other creditors228,340228,005
Accrued liabilities and deferred income3,2493,259
Total231,589231,288
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts381,505381,505
Total381,505381,505
6.Creditors: amounts due after 5 years
The bank loans and overdrafts are due after five years and are not payable by instalments.
7.Secured creditors
The long term bank loans are secured over the investment properties.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,65712,089
Total14,65712,089