Registered number
10202461
RISBRIDGER PROPERTY LIMITED
Filleted Accounts
31 May 2024
RISBRIDGER PROPERTY LIMITED
Registered number: 10202461
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,485 155,485
Investments 4 9,894 9,894
165,379 165,379
Current assets
Debtors 5 74,789 74,500
Cash at bank and in hand 5,108 8,647
79,897 83,147
Creditors: amounts falling due within one year 6 (257,205) (267,622)
Net current liabilities (177,308) (184,475)
Total assets less current liabilities (11,929) (19,096)
Creditors: amounts falling due after more than one year 7 (91,317) (91,248)
Net liabilities (103,246) (110,344)
Capital and reserves
Called up share capital 100 100
Profit and loss account (103,346) (110,444)
Shareholder's funds (103,246) (110,344)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eve Risbridger
Director
Approved by the board on 27 February 2025
RISBRIDGER PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Market Value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 155,485
At 31 May 2024 155,485
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 155,485
At 31 May 2023 155,485
4 Investments
Other
investments
£
Cost
At 1 June 2023 9,894
At 31 May 2024 9,894
5 Debtors 2024 2023
£ £
Prepayments - 222
Loans 55,000 55,000
Bramley Park property a/c 1,455 1,144
Tenant rent arrears - 1,135
Provision for doubtful debt - (1,135)
My Deposit 1,100 900
Eveconsults Ltd 1,234 1,234
Everworth Properties Ltd 1,000 1,000
Other debtors 15,000 15,000
74,789 74,500
Amounts due after more than one year included above 15,000 15,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce Back Loan 7,250 10,250
15 Third Cross control a/c (13,626) (5,897)
Tenant deposits 500 500
Director Loans 241,667 241,355
Accruals 21,414 21,414
257,205 267,622
7 Creditors: amounts falling due after one year 2024 2023
£ £
Mortgage 91,317 91,248
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 91,248 91,248
Secured bank loans 91,248 91,248
Mortgage against property
9 Controlling party
The company is controlled by Eve Risbridger
10 Share Capital 2024 2023
£ £
Authorised, Issued and Paid Up Share Capital 100 100
100 100
11 Other information
RISBRIDGER PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
40 Broadway Lane
Bournemouth
Dorset
BH8 0AA
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