REGISTERED NUMBER: 03618122 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

RIDGWAY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Jones

G R Jones

S R Jones

SECRETARY:

T R Jones

REGISTERED OFFICE:

Earthmover House

Ridgway Business Park

St Martins

Shropshire

SY11 3PZ

REGISTERED NUMBER:

03618122 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

2,679,503

2,673,186

CURRENT ASSETS

Debtors

6

-

1,000

Cash at bank

48

1,846

48

2,846

CREDITORS

Amounts falling due within one year

7

2,487,951

2,587,590

NET CURRENT LIABILITIES

(2,487,903

)

(2,584,744

)

TOTAL ASSETS LESS CURRENT LIABILITIES

191,600

88,442

PROVISIONS FOR LIABILITIES

41,105

38,502

NET ASSETS

150,495

49,940

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,395

49,840

SHAREHOLDERS' FUNDS

150,495

49,940

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

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 4 November 2025 and were signed on its behalf by:

T R Jones - Director

1.	STATUTORY INFORMATION

Ridgway Properties Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

These financial statements are presented in Sterling (£), rounded to the nearest £1.

Basis of preparing the financial statements

At the balance sheet date the company had net current liabilities of £2,487,951 (2024: £2,584,744). As shown in the creditors due within one year note, amounts are due to group companies of £2,471,242 (2024: £2,575,779). The directors have reviewed the support of the group companies and fully expect this to continue for the foreseeable future.

The company finances its working capital requirements via loans from group companies and there is no indication that this support will not continue. The directors have considered post year-end trading and believe that the going concern basis of preparation is still appropriate.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Office equipment

-

25% on cost

Buildings are depreciated at an annual rate of 1% on cost.

No depreciation has been provided in respect of the company's freehold land.

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to it working condition for its intended use.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Operating lease income

Rental income from operating leases are recognised on a straight line basis over the period of the leases.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

land and

Plant and

Office

buildings

machinery

equipment

Totals

£

£

£

£

COST

At 1 May 2024

2,877,679

17,826

1,434

2,896,939

Additions

31,567

-

-

31,567

At 30 April 2025

2,909,246

17,826

1,434

2,928,506

DEPRECIATION

At 1 May 2024

204,493

17,826

1,434

223,753

Charge for year

25,250

-

-

25,250

At 30 April 2025

229,743

17,826

1,434

249,003

NET BOOK VALUE

At 30 April 2025

2,679,503

-

-

2,679,503

At 30 April 2024

2,673,186

-

-

2,673,186

Included in cost of land and buildings is freehold land of £ 383,991 (2024 - £ 383,991 ) which is not depreciated.

At the year end the gross amount of assets held for use in operating leases is £2,909,244 (2024: £2,877,679) and the related accumulation charges are £229,739 (2024: £204,493).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

-

1,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

6,438

3,906

Amounts owed to group undertakings

2,471,242

2,575,779

Corporation tax

2,289

-

Social security and other taxes

4,482

4,905

Accruals and deferred income

3,500

3,000

2,487,951

2,587,590

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY