Ridberg Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11159121

RIDBERG LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

RIDBERG LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

CONTENTS	PAGE

Officers and professional advisers	1

Balance sheet	2

Notes to the financial statements	4

RIDBERG LTD

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	Mr M Bodner
	Mr R Vorhand

REGISTERED OFFICE	22 Colberg Place
	London
	United Kingdom
	N16 5RB

RIDBERG LTD

BALANCE SHEET

31 January 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	4		1,675,000	500,000

CURRENT ASSETS

Debtors	5	32,762	77
Cash at bank and in hand		21,870	16,827
		---------	---------
		54,632	16,904

CREDITORS: amounts falling due within one year	6	( 27,746)		( 16,239)
		---------		---------
NET CURRENT ASSETS			26,886	665
			-------------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,701,886	500,665

CREDITORS: amounts falling due after more than one year	7		( 1,251,269)	( 179,107)

PROVISIONS	( 44,000)	( 20,000)
	-------------	----------
NET ASSETS	406,617	301,558
	-------------	----------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	406,615	301,556
	----------	----------
SHAREHOLDERS FUNDS	406,617	301,558
	----------	----------

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 profit and loss account has not been delivered.

For the year ending 31 January 2025 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 .

RIDBERG LTD

BALANCE SHEET (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr M Bodner

Director

Company registration number: 11159121

RIDBERG LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Colberg Place, London, N16 5RB, United Kingdom.

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

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows: (i) Property valuation The valuation of the company's investment property is inherently subjective, depending on many factors including the nature of the property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover

The turnover of the Company is represented by rents and charges receivable in respect of its investment properties.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and - No depreciation is provided in respect of investment properties applying the fair value model. This treatment, as regards the company's investment properties, may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. TANGIBLE ASSETS

	Investment properties
	£
Cost or valuation
At 1 February 2024	500,000
Additions	1,082,079
Revaluations	92,921
	-------------
At 31 January 2025	1,675,000
	-------------
Carrying amount
At 31 January 2025	1,675,000
	-------------
At 31 January 2024	500,000
	-------------

The historial cost of the properties is £1,493,523. Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

5. DEBTORS

	2025	2024
	£	£
Trade debtors	8,760	75
Other debtors	24,002	2
	---------	----
	32,762	77
	---------	----

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	16,915	5,559
Corporation tax	8,500	8,100
Social security and other taxes	2,331	2,580
	---------	---------
	27,746	16,239
	---------	---------

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,015,911	–
Other creditors	235,358	179,107
	-------------	----------
	1,251,269	179,107
	-------------	----------

Bank loans are secured by legal charges over certain of the company's investment properties.

8. RELATED PARTY TRANSACTIONS

Included in creditors due after more than one year is £235,358 due to related parties. The loans are interest free.