Ridown Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05480092

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		817,839		175,024
Investments	5		-		1

			817,839		175,025
CURRENT ASSETS
Debtors	6	1,065,033		840,406
Investments	7	19,101		8,250
Cash at bank and in hand		50,378		47,780

		1,134,512		896,436
Creditors: Amounts Falling Due Within One Year	8	(1,440,784 )		(1,165,015 )

NET CURRENT ASSETS (LIABILITIES)			(306,272 )		(268,579 )

TOTAL ASSETS LESS CURRENT LIABILITIES			511,567		(93,554 )

Creditors: Amounts Falling Due After More Than One Year	9		(679,114 )		(154,373 )

NET LIABILITIES			(167,547 )		(247,927 )

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			(168,547 )		(248,927 )

SHAREHOLDERS' FUNDS			(167,547)		(247,927)

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Ridown Group Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Aaron Brown

Director

26 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Ridown Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05480092 . The registered office is Ridown Building, Fulcrum 2, Whiteley, Hampshire, PO15 7FN.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	33% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

2.5. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.6. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2023: 12)

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Ridown Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	222,321	19,764	80,945	323,030
Additions	879,878	713	12,359	892,950
Disposals	-	-	(963 )	(963 )

As at 31 December 2024	1,102,199	20,477	92,341	1,215,017

Depreciation
As at 1 January 2024	72,112	6,900	68,994	148,006
Provided during the period	239,191	2,010	8,934	250,135
Disposals	-	-	(963 )	(963 )

As at 31 December 2024	311,303	8,910	76,965	397,178

Net Book Value
As at 31 December 2024	790,896	11,567	15,376	817,839

As at 1 January 2024	150,209	12,864	11,951	175,024

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Motor Vehicles	678,239	-

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	1
Disposals	(1 )

As at 31 December 2024	-

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	1

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Ridown Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	106,678	109,785
Amounts owed by group undertakings	918,350	540,350
Other debtors	40,005	190,271

	1,065,033	840,406

7. Current Asset Investments

	2024	2023
	£	£
Other investments, held for sale	19,101	8,250

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	128,088	34,292
Trade creditors	192,894	119,336
Bank loans and overdrafts	10,000	10,000
Amounts owed to group undertakings	1,007,357	924,943
Other creditors	6,085	1,830
Taxation and social security	96,360	74,614

	1,440,784	1,165,015

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	674,444	139,703
Bank loans	4,670	14,670

	679,114	154,373

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	160,275	44,716
Later than one year and not later than five years	674,753	143,973

	835,028	188,689
Less: Finance charges allocated to future periods	32,496	14,694

	802,532	173,995

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Ridown Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Related Party Transactions

During the year the Company provided the following services to Companies in which both Mr Ridge and Mr Brown are shareholders/directors:

31.12.23

Cybersentry Limited £614,171

Webuyanyphone Limited £135,192

Hosted Business Limited £34,356

Onestream Limited £161,292

Ridown Property Limited £120,000

31.12.24

Cybersentry Limited £819,507

Webuyanyphone Limited £167,625

Hosted Business Limited £146,009

Onestream Limited £156,421

Ridown Property Limited £120,000

At the year end the following balance were due from/(to) companies in which Mr Ridge and Mr Brown are directors/shareholders:

Ridown Limited (£365,467)

Ridown Capital Limited (£641,890)

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