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REGISTERED NUMBER: SC383605 (Scotland)















Unaudited Financial Statements

for the Period 1st October 2023 to 31st October 2024

for

Ridgway Adventure Limited

Ridgway Adventure Limited (Registered number: SC383605)

Contents of the Financial Statements
for the period 1st October 2023 to 31st October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ridgway Adventure Limited

Company Information
for the period 1st October 2023 to 31st October 2024







Director: R L Ridgway





Registered office: Ardmore
Rhiconich
Lairg
IV27 4RB





Registered number: SC383605 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ridgway Adventure Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridgway Adventure Limited for the period ended 31st October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Ridgway Adventure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ridgway Adventure Limited and state those matters that we have agreed to state to the director of Ridgway Adventure Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Ridgway Adventure 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 financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


25th July 2025

Ridgway Adventure Limited (Registered number: SC383605)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 99,116 84,955

Current assets
Stocks 165 165
Debtors 5 33,350 42,924
Cash at bank 356,401 393,717
389,916 436,806
Creditors
Amounts falling due within one year 6 138,992 133,816
Net current assets 250,924 302,990
Total assets less current liabilities 350,040 387,945

Provisions for liabilities 19,758 17,563
Net assets 330,282 370,382

Capital and reserves
Called up share capital 120 100
Retained earnings 330,162 370,282
330,282 370,382

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Ridgway Adventure Limited (Registered number: SC383605)

Balance Sheet - continued
31st October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th July 2025 and were signed by:





R L Ridgway - Director


Ridgway Adventure Limited (Registered number: SC383605)

Notes to the Financial Statements
for the period 1st October 2023 to 31st October 2024


1. Statutory information

Ridgway Adventure Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Short leasehold - 5% on cost
Plant and machinery - 15% on reducing balance and 4% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Ridgway Adventure Limited (Registered number: SC383605)

Notes to the Financial Statements - continued
for the period 1st October 2023 to 31st October 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the period was 4 (2023 - 7 ) .

4. Tangible fixed assets
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
Cost
At 1st October 2023 11,493 24,164 129,872 8,352 173,881
Additions - - 8,253 24,175 32,428
Disposals - - - (8,353 ) (8,353 )
At 31st October 2024 11,493 24,164 138,125 24,174 197,956
Depreciation
At 1st October 2023 11,489 9,465 60,595 7,377 88,926
Charge for period 4 1,309 9,431 6,547 17,291
Eliminated on disposal - - - (7,377 ) (7,377 )
At 31st October 2024 11,493 10,774 70,026 6,547 98,840
Net book value
At 31st October 2024 - 13,390 68,099 17,627 99,116
At 30th September 2023 4 14,699 69,277 975 84,955

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 29,779 39,189
Other debtors 3,571 3,735
33,350 42,924

Ridgway Adventure Limited (Registered number: SC383605)

Notes to the Financial Statements - continued
for the period 1st October 2023 to 31st October 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 154 8,918
Taxation and social security 55,296 72,218
Other creditors 83,542 52,680
138,992 133,816