Ridge Clean Energy Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08830217

Ridge Clean Energy Ltd

Filleted Unaudited Financial Statements

31 December 2024

Ridge Clean Energy Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	21,565	12,888
Investments	6	7	–
		--------	--------
		21,572	12,888

Current assets

Debtors	7	2,806,640	408,199
Cash at bank and in hand		133,688	163,374
		------------	---------
		2,940,328	571,573

Creditors: amounts falling due within one year	8	317,186	278,567
		------------	---------
Net current assets		2,623,142	293,006
		------------	---------
Total assets less current liabilities		2,644,714	305,894

Creditors: amounts falling due after more than one year	9	1,000,007	7,525,000
		------------	------------
Net assets/(liabilities)		1,644,707	( 7,219,106)
		------------	------------

Capital and reserves

Called up share capital	10	10,740,100	100
Profit and loss account		( 9,095,393)	( 7,219,206)
		-------------	------------
Shareholders funds/(deficit)		1,644,707	( 7,219,106)
		-------------	------------

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.

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ridge Clean Energy Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

Mr J Glasgow

Director

Company registration number: 08830217

Ridge Clean Energy Ltd

Notes to the Financial Statements

Year ended 31 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 Noah's Ark Market Street, Charlbury, Chipping Norton, Oxfordshire, OX7 3PL.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

Going concern The company has returned a loss in its initial years of trading. However, the directors are confident that future projections of activity mean that the company should be regarded as a going concern

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Leasehold	-	10% straight line
Office equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2023: 16 ).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	–	19,493	19,493
Additions	10,700	4,092	14,792
	--------	--------	--------
At 31 December 2024	10,700	23,585	34,285
	--------	--------	--------
Depreciation
At 1 January 2024	–	6,605	6,605
Charge for the year	803	5,312	6,115
	--------	--------	--------
At 31 December 2024	803	11,917	12,720
	--------	--------	--------
Carrying amount
At 31 December 2024	9,897	11,668	21,565
	--------	--------	--------
At 31 December 2023	–	12,888	12,888
	--------	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	–
Additions	7
	----
At 31 December 2024	7
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	7
	----
At 31 December 2023	–
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	–	27,315
Amounts owed by group undertakings	1,799,084	–
Prepayments and accrued income	619,801	–
Other debtors	387,755	380,884
	------------	---------
	2,806,640	408,199
	------------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	49,205	53,099
Accruals and deferred income	24,284	6,746
Social security and other taxes	34,219	48,443
Other creditors	209,478	170,279
	---------	---------
	317,186	278,567
	---------	---------

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

	2024	2023
	£	£
Other creditors	1,000,007	7,525,000
	------------	------------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
Preference shares of £ 1 each	10,740,000	10,740,000	–	–
	-------------	-------------	----	----
	10,740,100	10,740,100	100	100
	-------------	-------------	----	----