Registration number: 11725028

Ride Property Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Ride Property Ltd

Company Information

Directors

Dr Stephanie Jane Ingram Mrs Lucinda Louise Ingram

Registered office

1 Market Hill Calne Wiltshire SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Ride Property Ltd

(Registration number: 11725028)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	17,951	25,007
Investment property	6	1,140,000	947,796
		1,157,951	972,803
Current assets
Debtors	7	2,656	721
Cash at bank and in hand		9,579	9,641
		12,235	10,362
Creditors: Amounts falling due within one year	8	(101,557)	(3,817)
Net current (liabilities)/assets		(89,322)	6,545
Total assets less current liabilities		1,068,629	979,348
Creditors: Amounts falling due after more than one year	8	(967,865)	(1,028,394)
Provisions for liabilities		(52,138)	(15,619)
Net assets/(liabilities)		48,626	(64,665)
Capital and reserves
Called up share capital		2	2
Revaluation reserve		222,272	66,587
Retained earnings		(173,648)	(131,254)
Shareholders' funds/(deficit)		48,626	(64,665)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Ride Property Ltd

(Registration number: 11725028)
Balance Sheet as at 31 December 2024 (continued)

......................................... Dr Stephanie Jane Ingram Director

......................................... Mrs Lucinda Louise Ingram Director

Ride Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT

These financial statements were authorised for issue by the Board on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight Line
Furniture & Furnishings	25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Ride Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	8,750	8,336

Ride Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	33,784	33,784
Additions	1,806	1,806
Disposals	(150)	(150)
At 31 December 2024	35,440	35,440
Depreciation
At 1 January 2024	8,777	8,777
Charge for the year	8,750	8,750
Eliminated on disposal	(38)	(38)
At 31 December 2024	17,489	17,489
Carrying amount
At 31 December 2024	17,951	17,951
At 31 December 2023	25,007	25,007

6	Investment properties

	2024 £
At 1 January	947,796
Fair value adjustments	192,204
At 31 December	1,140,000

The fair value of the property at 31st December 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,140,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

Ride Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Debtors (continued)

Current	2024 £	2023 £
Trade debtors	1,594	-
Prepayments	1,062	721
	2,656	721

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	-	1,237
Accruals and deferred income	135	1,887
Other creditors	101,422	693
	101,557	3,817

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	840,300	931,317
Other non-current financial liabilities		127,565	97,077
		967,865	1,028,394

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	155,685	155,685

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	20,250	20,250

Ride Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	508,368	508,368
Other borrowings	331,932	422,949
	840,300	931,317