IRIS Accounts Production v24.3.2.46 14982403 Board of Directors 5.7.23 31.7.24 31.7.24 0 false true false false true false Share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh149824032023-07-04149824032024-07-31149824032023-07-052024-07-31149824032023-07-0414982403ns15:EnglandWales2023-07-052024-07-3114982403ns14:PoundSterling2023-07-052024-07-3114982403ns10:Director12023-07-052024-07-3114982403ns10:PrivateLimitedCompanyLtd2023-07-052024-07-3114982403ns10:SmallEntities2023-07-052024-07-3114982403ns10:AuditExempt-NoAccountantsReport2023-07-052024-07-3114982403ns10:SmallCompaniesRegimeForDirectorsReport2023-07-052024-07-3114982403ns10:SmallCompaniesRegimeForAccounts2023-07-052024-07-3114982403ns10:FullAccounts2023-07-052024-07-3114982403ns10:OrdinaryShareClass12023-07-052024-07-3114982403ns10:Director22023-07-052024-07-3114982403ns10:RegisteredOffice2023-07-052024-07-3114982403ns5:CurrentFinancialInstruments2024-07-3114982403ns5:ShareCapital2024-07-3114982403ns5:RetainedEarningsAccumulatedLosses2024-07-3114982403ns5:LandBuildings2023-07-052024-07-3114982403ns5:LandBuildings2024-07-3114982403ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 14982403 (England and Wales)










Unaudited Financial Statements

for the Period 5 July 2023 to 31 July 2024

for

Ridgeland Place Limited

Ridgeland Place Limited (Registered number: 14982403)






Contents of the Financial Statements
for the Period 5 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ridgeland Place Limited

Company Information
for the Period 5 July 2023 to 31 July 2024







DIRECTORS: P M Engelmann
S A Russell





REGISTERED OFFICE: 129 Anyards Road
Cobham
KT11 2LJ





REGISTERED NUMBER: 14982403 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Ridgeland Place Limited (Registered number: 14982403)

Balance Sheet
31 July 2024

Notes £   
FIXED ASSETS
Tangible assets 4 1,560,000

CURRENT ASSETS
Cash at bank 1,112

CREDITORS
Amounts falling due within one year 5 (1,587,029 )
NET CURRENT LIABILITIES (1,585,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,917

)

CAPITAL AND RESERVES
Called up share capital 6 1
Retained earnings (25,918 )
SHAREHOLDERS' FUNDS (25,917 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

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 7 March 2025 and were signed on its behalf by:





P M Engelmann - Director


Ridgeland Place Limited (Registered number: 14982403)

Notes to the Financial Statements
for the Period 5 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

Ridgeland Place 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.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION
Taxation for the period 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 asset is not recognised as it is not probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 1,560,000
At 31 July 2024 1,560,000
NET BOOK VALUE
At 31 July 2024 1,560,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 289,659
Banstead Development Ltd 1,296,376
Accruals and deferred income 994
1,587,029

Ridgeland Place Limited (Registered number: 14982403)

Notes to the Financial Statements - continued
for the Period 5 July 2023 to 31 July 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Share capital £1 1

7. ULTIMATE CONTROLLING PARTY

The company is under control of Banstead Development Ltd who owns 100% of issued capital of the company.

8. GOING CONCERN

The shareholder has confirmed that it will continue to give financial support to the company until such time as its position improves. In addition the shareholder has confirmed that it will not recall its loans within 12 months. The shareholder consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result if the financial support was withdrawn.