Riddelcourt Limited 01478887 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the management of sites at Pett Level Caravan Park which have been leased to members Digita Accounts Production Advanced 6.30.9574.0 true true 01478887 2024-01-01 2024-12-31 01478887 2024-12-31 01478887 core:RetainedEarningsAccumulatedLosses 2024-12-31 01478887 core:ShareCapital 2024-12-31 01478887 core:CurrentFinancialInstruments 2024-12-31 01478887 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01478887 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 01478887 core:LandBuildings 2024-12-31 01478887 bus:SmallEntities 2024-01-01 2024-12-31 01478887 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01478887 bus:FullAccounts 2024-01-01 2024-12-31 01478887 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01478887 bus:RegisteredOffice 2024-01-01 2024-12-31 01478887 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 01478887 bus:Director1 2024-01-01 2024-12-31 01478887 bus:Director3 2024-01-01 2024-12-31 01478887 bus:Director5 2024-01-01 2024-12-31 01478887 bus:Director7 2024-01-01 2024-12-31 01478887 bus:Director8 2024-01-01 2024-12-31 01478887 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01478887 bus:Agent1 2024-01-01 2024-12-31 01478887 core:Land 2024-01-01 2024-12-31 01478887 core:OtherRelatedParties 2024-01-01 2024-12-31 01478887 countries:England 2024-01-01 2024-12-31 01478887 2023-12-31 01478887 core:LandBuildings 2023-12-31 01478887 2023-01-01 2023-12-31 01478887 2023-12-31 01478887 core:RetainedEarningsAccumulatedLosses 2023-12-31 01478887 core:ShareCapital 2023-12-31 01478887 core:CurrentFinancialInstruments 2023-12-31 01478887 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01478887 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 01478887 core:LandBuildings 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 01478887

Riddelcourt Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Riddelcourt Limited

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account and Statement of Retained Earnings

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

Detailed Profit and Loss Account

10 to 11

Accountants' Report

12

 

Riddelcourt Limited

Company Information

Directors

V Byrne

S Callow

W Hatton

B H Blake

A Flower

S Hatton

Company secretary

B H Blake

Registered office

Riddelcourt Limited No. 8 Pett Level Caravan Park
Pett Level Road
Hastings
East Sussex
TN35 4EH

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Riddelcourt Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

V Byrne

S Callow

W Hatton

B H Blake - Company secretary and director

A Flower

S Hatton

Principal activity

The principal activity of the company is the management of sites at Pett Level Caravan Park which have been leased to members

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

.........................................
B H Blake
Company secretary and director

 

Riddelcourt Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

22,019

22,310

Administrative expenses

 

(25,494)

(33,502)

Operating loss

 

(3,475)

(11,192)

Loss before tax

(3,475)

(11,192)

Loss for the financial year

 

(3,475)

(11,192)

Retained earnings brought forward

 

9,142

20,333

Retained earnings carried forward

 

5,667

9,141

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Riddelcourt Limited

(Registration number: 01478887)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

74,213

74,213

Current assets

 

Debtors

5

851

589

Cash at bank and in hand

 

9,870

13,087

 

10,721

13,676

Creditors: Amounts falling due within one year

6

(3,620)

(3,101)

Net current assets

 

7,101

10,575

Total assets less current liabilities

 

81,314

84,788

Creditors: Amounts falling due after more than one year

6

(75,557)

(75,557)

Net assets

 

5,757

9,231

Capital and reserves

 

Called up share capital

90

90

Retained earnings

5,667

9,141

Shareholders' funds

 

5,757

9,231

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

.........................................
W Hatton
Director

 

Riddelcourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The address of its registered office is:
Riddelcourt Limited No. 8 Pett Level Caravan Park
Pett Level Road
Hastings
East Sussex
TN35 4EH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents contributions receivable from the company's members towards expenditure costs and a small amount of wayleave.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The company does not account for taxation and is dormant for taxation purposes at this time.

 

Riddelcourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Tangible asset is land and is held for the companies own use.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Land and Buildings

No depreciation is provided on land

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Riddelcourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

74,213

74,213

At 31 December 2024

74,213

74,213

Depreciation

Carrying amount

At 31 December 2024

74,213

74,213

At 31 December 2023

74,213

74,213

Included within the net book value of land and buildings above is £74,213 (2023 - £74,213) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

315

-

Prepayments

536

589

851

589

 

Riddelcourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

3,620

3,101

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

75,557

75,557

Creditors: amounts falling due after more than one year are Non Repayable Founder's Loans

 

Riddelcourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Related party transactions

Summary of transactions with other related parties

Mr B Blake - Director and Shareholder
 
The company is controlled by all the shareholders. Each shareholder owns 3 shares, including those who are directors of the company; therefore no party has overall control. Each shareholder contributes £500 per annum (2023: £500) for the running and maintenance of the site.

Mr B Blake had maintenance for materials on site, travel and stationery costs reimbursed during the year of £1,575 (2023: £152). B Blake was paid £950 (2023: £950) for secretarial duties. Reimbursed telephone and internet amounted to £934 (2023: £722). The amount due to B Blake at 31 December 2024 is £397 (2023:£499).


 

 

Riddelcourt Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover (analysed below)

22,019

22,310

Gross profit (%)

100%

100%

Administrative expenses

Establishment costs (analysed below)

(16,716)

(25,253)

General administrative expenses (analysed below)

(8,680)

(8,151)

Finance charges (analysed below)

(98)

(98)

(25,494)

(33,502)

Operating loss

(3,475)

(11,192)

Loss before tax

(3,475)

(11,192)

 

Riddelcourt Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Turnover

Contribution towards maintenance costs

15,000

15,000

Contribution towards electricty costs

6,987

7,278

Other operating income

32

32

22,019

22,310

   

Establishment costs

Water rates

2,479

2,896

Light, heat and power

5,321

8,551

Insurance

1,314

1,180

Refuse collection

3,281

3,305

Cesspool emptying

4,321

9,321

16,716

25,253

   

General administrative expenses

Repairs and maintenance

5,138

1,447

Telephone and fax

942

875

Secretary's expenses

950

950

Printing, postage and stationery

136

189

Sundry expenses

96

13

Travel and subsistence

50

55

Accountancy fees

1,368

1,260

Legal and professional fees

-

3,362

8,680

8,151

   

Finance charges

Bank charges

98

98

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Riddelcourt Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riddelcourt Limited for the year ended 31 December 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Riddelcourt Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Riddelcourt Limited and state those matters that we have agreed to state to the Board of Directors of Riddelcourt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riddelcourt Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Riddelcourt Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Riddelcourt Limited. You consider that Riddelcourt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Riddelcourt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

15 May 2025