Ridgebourne Management Limited 31/12/2024 iXBRL

Company registration number: 11796001

RIDGEBOURNE MANAGEMENT LIMITED

31 December 2024

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 2AB

RIDGEBOURNE MANAGEMENT LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

RIDGEBOURNE MANAGEMENT LIMITED

DIRECTORS AND OTHER INFORMATION


	Director	Mr T S Stark


	Company number	11796001


	Registered office	Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB


	Business address	Kingsley House
		12 Ridgebourne Road
		Shrewsbury
		Shropshire
		SY3 9AB


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 2AB

RIDGEBOURNE MANAGEMENT LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RIDGEBOURNE MANAGEMENT LIMITED

YEAR ENDED 31ST DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridgebourne Management Limited for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes 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 /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Ridgebourne Management Limited, as a body, in accordance with the terms of our engagement letter dated 14 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Ridgebourne Management Limited and state those matters that we have agreed to state to them, 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 Ridgebourne Management Limited and its director as a body for our work or for this report.

It is your duty to ensure that Ridgebourne Management 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 profit of Ridgebourne Management Limited. You consider that Ridgebourne Management 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 financial statements of Ridgebourne Management 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.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 2AB

18 June 2025

RIDGEBOURNE MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31ST DECEMBER 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	4,117		3,881
		_______		_______
			4,117		3,881

Current assets
Debtors	7	887		4,691
Cash at bank and in hand		2,424		14,923
		_______		_______
		3,311		19,614
Creditors: amounts falling due
within one year	8	( 11,669)		( 43,252)
		_______		_______
Net current liabilities			( 8,358)		( 23,638)
			_______		_______
Total assets less current liabilities			( 4,241)		( 19,757)

Creditors: amounts falling due
after more than one year	9		-		( 5,846)

Provisions for liabilities			( 782)		( 737)

			_______		_______
Net liabilities			( 5,023)		( 26,340)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 5,123)		( 26,440)
			_______		_______
Shareholders deficit			( 5,023)		( 26,340)
			_______		_______

For the 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.

Director's responsibilities:

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

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:

Mr T S Stark

Director

Company registration number: 11796001

RIDGEBOURNE MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST DECEMBER 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	100	( 10,737)	( 10,637)

Profit/(loss) for the year		( 15,703)	( 15,703)
	_______	_______	_______
Total comprehensive income for the year	-	( 15,703)	( 15,703)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	100	( 26,440)	( 26,340)

Profit/(loss) for the year		21,317	21,317
	_______	_______	_______
Total comprehensive income for the year	-	21,317	21,317

	_______	_______	_______
At 31 December 2024	100	( 5,123)	( 5,023)
	_______	_______	_______

RIDGEBOURNE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is insolvent and dependant upon the continued support of the director.

Turnover

Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, over the useful life of that asset as follows:


Combined other intangible assets	-	20 %	straight line

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset,over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Intangible assets

		Total
		£
	Cost
	At 1 January 2024 and 31 December 2024	-
		_______
	Amortisation
	At 1 January 2024 and 31 December 2024	-
		_______
	Carrying amount
	At 31 December 2024	-
		_______
	At 31 December 2023	-
		_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 January 2024	5,350	5,350
Additions	1,493	1,493
Disposals	( 1,166)	( 1,166)
	_______	_______
At 31 December 2024	5,677	5,677
	_______	_______
Depreciation
At 1 January 2024	1,469	1,469
Charge for the year	595	595
Disposals	( 504)	( 504)
	_______	_______
At 31 December 2024	1,560	1,560
	_______	_______
Carrying amount
At 31 December 2024	4,117	4,117
	_______	_______
At 31 December 2023	3,881	3,881
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	-	1,680
Other debtors	887	3,011
	_______	_______
	887	4,691
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	-	3,507
Corporation tax	212	-
Social security and other taxes	-	2,121
Other creditors	11,457	37,624
	_______	_______
	11,669	43,252
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	-	5,846
	_______	_______

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T S Stark	( 36,336)	-	25,838	( 10,498)
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T S Stark	( 34,059)	( 2,277)	-	( 36,336)
		_______	_______	_______	_______