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REGISTERED NUMBER: 09904833 (England and Wales)















RIDGE PROPERTY LIMITED

Unaudited Financial Statements

For The Year Ended 31 March 2025






RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Contents of the Financial Statements
For The Year Ended 31 March 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RIDGE PROPERTY LIMITED

Company Information
For The Year Ended 31 March 2025







DIRECTORS: Mrs K A Brookes-Smith
R J Brookes-Smith





REGISTERED OFFICE: Hilden Park Accountants Limited
79 Tonbridge Rd
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 09904833 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Abridged Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,706 28,608
Investment property 5 6,241,861 5,670,268
6,266,567 5,698,876

CURRENT ASSETS
Debtors 513,339 550,111
Cash at bank 105,602 259,142
618,941 809,253
CREDITORS
Amounts falling due within one year 280,353 388,930
NET CURRENT ASSETS 338,588 420,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,605,155

6,119,199

CREDITORS
Amounts falling due after more than one
year

-

(15,139

)

PROVISIONS FOR LIABILITIES (1,247,668 ) (839,625 )
NET ASSETS 5,357,487 5,264,435

CAPITAL AND RESERVES
Called up share capital 303 303
Share premium 1,216,259 1,216,259
Retained earnings 4,140,925 4,047,873
5,357,487 5,264,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Abridged Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 August 2025 and were signed on its behalf by:





R J Brookes-Smith - Director


RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Notes to the Financial Statements
For The Year Ended 31 March 2025


1. STATUTORY INFORMATION

Ridge Property 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.

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


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.

Turnover represents rental income and is measured at the value of the consideration received or receivable, net of discounts, from the rendering of property letting services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on reducing balance
Office equipment - 33% straight line

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.

RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 45,559
Additions 957
At 31 March 2025 46,516
DEPRECIATION
At 1 April 2024 16,951
Charge for year 4,859
At 31 March 2025 21,810
NET BOOK VALUE
At 31 March 2025 24,706
At 31 March 2024 28,608

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 5,670,268
Revaluations 571,593
At 31 March 2025 6,241,861
NET BOOK VALUE
At 31 March 2025 6,241,861
At 31 March 2024 5,670,268

RIDGE PROPERTY LIMITED (REGISTERED NUMBER: 09904833)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 3,565,087
Valuation in 2021 655,000
Valuation in 2024 198,990
Valuation in 2025 571,593
Cost 1,251,191
6,241,861

6. SECURED DEBTS

A charge was created on 30 January 2017 in favour of Handlesbanken over the company's properties known as Flats 1-6 Edenbanks, Edenbridge, Kent, TN8 5DU and Cottage 7-8 Edenbanks, Edenbridge, Kent, TN8 5DU.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mrs K A Brookes-Smith
Balance outstanding at start of year (180,546 ) 1,943
Amounts advanced (45,864 ) (222,358 )
Amounts repaid 123,279 39,869
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (103,131 ) (180,546 )

R J Brookes-Smith
Balance outstanding at start of year (179,966 ) -
Amounts advanced (52,726 ) (185,566 )
Amounts repaid 123,112 5,600
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (109,580 ) (179,966 )

The directors' loan accounts are repayable within 9 months of the balance sheet date. Interest was charged by the company to the directors at the official rate for periods when the balance exceeded £10,000.