IRIS Accounts Production v25.1.3.33 00800103 Board of Directors 1.3.24 28.2.25 28.2.25 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008001032024-02-29008001032025-02-28008001032024-03-012025-02-28008001032023-02-28008001032023-03-012024-02-29008001032024-02-2900800103ns15:EnglandWales2024-03-012025-02-2800800103ns14:PoundSterling2024-03-012025-02-2800800103ns10:Director12024-03-012025-02-2800800103ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2800800103ns10:SmallEntities2024-03-012025-02-2800800103ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2800800103ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2800800103ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2800800103ns10:FullAccounts2024-03-012025-02-2800800103ns10:Director22024-03-012025-02-2800800103ns10:Director32024-03-012025-02-2800800103ns10:RegisteredOffice2024-03-012025-02-2800800103ns5:CurrentFinancialInstruments2025-02-2800800103ns5:CurrentFinancialInstruments2024-02-2900800103ns5:ShareCapital2025-02-2800800103ns5:ShareCapital2024-02-2900800103ns5:RevaluationReserve2025-02-2800800103ns5:RevaluationReserve2024-02-2900800103ns5:CapitalRedemptionReserve2025-02-2800800103ns5:CapitalRedemptionReserve2024-02-2900800103ns5:RetainedEarningsAccumulatedLosses2025-02-2800800103ns5:RetainedEarningsAccumulatedLosses2024-02-2900800103ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2800800103ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2900800103ns5:RevaluationReserve2024-02-29
REGISTERED NUMBER: 00800103 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Ridgethorn Limited

Ridgethorn Limited (Registered number: 00800103)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ridgethorn Limited

Company Information
for the year ended 28 February 2025







DIRECTORS: Ms M G Edwards
Miss L J Edwards
Mr D C Edwards





REGISTERED OFFICE: C/o T J Edwards Hawkins Drive
South Staffs Business Park
Bridgtown Cannock
Staffordshire
WS11 0XT





REGISTERED NUMBER: 00800103 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Ridgethorn Limited (Registered number: 00800103)

Balance Sheet
28 February 2025

2025 2024
Notes £ £
FIXED ASSETS
Investment property 4 2,761,777 582,500

CURRENT ASSETS
Debtors 5 93,076 7,296
Cash at bank 66,880 129,884
159,956 137,180
CREDITORS
Amounts falling due within one year 6 (175,581 ) (198,444 )
NET CURRENT LIABILITIES (15,625 ) (61,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,746,152

521,236

PROVISIONS FOR LIABILITIES (426,764 ) -
NET ASSETS 2,319,388 521,236

CAPITAL AND RESERVES
Called up share capital 7,878 7,878
Revaluation reserve 7 2,219,763 467,250
Capital redemption reserve 2,122 2,122
Retained earnings 89,625 43,986
2,319,388 521,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 21 May 2025 and were signed on its behalf by:





Mr D C Edwards - Director


Ridgethorn Limited (Registered number: 00800103)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Ridgethorn 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2024 582,500
Revaluations 2,179,277
At 28 February 2025 2,761,777
NET BOOK VALUE
At 28 February 2025 2,761,777
At 29 February 2024 582,500

The historic cost of the property was £466,377 (2023 -£466,377). The investment property was revalued professionallyt in October 2024. The directors deem this to represent a true and fair value as at 28 February 2025.

Ridgethorn Limited (Registered number: 00800103)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2025 is represented by:
£
Valuation in 2025 2,761,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 93,076 7,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors - 4,770
Taxation and social security 38,855 38,399
Other creditors 136,726 155,275
175,581 198,444

7. RESERVES
Revaluation
reserve
£
At 1 March 2024 467,250
Transfer 1,752,513

At 28 February 2025 2,219,763

8. OTHER CREDITORS

Other creditors consists of a Loan to T.J. Edwards (Warehousing) Limited (01618377) for £22,869 (2024 - £142,869), a company with common directorship.
This loan is unsecured and repayable at any time.