Registered number
11877954
Ridgelink Limited
Filleted Accounts
31 December 2024

Ridgelink Limited
Registered number: | 11877954
Balance Sheet
as at 31 December 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 10,390 |  |  | 10,574
Current assets
Debtors | 4 |  | 40,398 |  |  | 9,887
Cash at bank and in hand |  |  | 1,974 |  |  | 3,925
|  |  | 42,372 |  |  | 13,812
Creditors: amounts falling due within one year | 5 |  | (252,211) |  |  | (188,501)
Net current liabilities |  |  |  | (209,839) |  |  | (174,689)
Total assets less current liabilities |  |  |  | (199,449) |  |  | (164,115)
Creditors: amounts falling due after more than one year | 6 |  |  | (26,419) |  |  | (31,499)
Net liabilities |  |  |  | (225,868) |  |  | (195,614)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (225,968) |  |  | (195,714)
Shareholders' funds |  |  |  | (225,868) |  |  | (195,614)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr J L Wilson
Director
Approved by the board on 25 March 2026

Ridgelink Limited
Notes to the Accounts
for the year ended 31 December 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Going Concern
| The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities of £225,868. The Company is supported through loans from shareholders. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the shareholders will continue to support the Company. Based on this ongoing financial support, the directors believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | over 3 years
| Motor Vehicles | 25% reducing balance
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 January 2024 | 43,802 |  | 17,990 |  | 61,792
| Additions | 5,865 |  | - |  | 5,865
| At 31 December 2024 | 49,667 |  | 17,990 |  | 67,657
| Depreciation
| At 1 January 2024 | 39,796 |  | 11,422 |  | 51,218
| Charge for the year | 4,407 |  | 1,642 |  | 6,049
| At 31 December 2024 | 44,203 |  | 13,064 |  | 57,267
| Net book value
| At 31 December 2024 | 5,464 |  | 4,926 |  | 10,390
| At 31 December 2023 | 4,006 |  | 6,568 |  | 10,574
4 | Debtors | 2024 |  | 2023
£ | £
| Trade debtors | - |  | 6,000
| Other debtors | 40,398 |  | 3,887
|  |  |  |  |  | 40,398 |  | 9,887
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loans and overdrafts | 5,080 |  | 4,955
| Trade creditors | 55,866 |  | 16,048
| Taxation and social security costs | 5,433 |  | 5,600
| Other creditors | 185,832 |  | 161,898
|  |  |  |  |  | 252,211 |  | 188,501
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 26,419 |  | 31,499
7 | Loans | 2024 |  | 2023
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 1,756 |  | 7,446
8 | Loans to directors
| Description and conditions | B/fwd | Paid | Repaid | C/fwd
£ | £ | £ | £
| Dr J L Wilson
| Directors Loan Account | (2,068) |  | 25,042 |  | (11,093) |  | 11,881
|  | (2,068) |  | 25,042 |  | (11,093) |  | 11,881
| At the end of the year, there was an overdrawn directors loan account. The loan was subject to Interest of 2.25% and was repaid 9 months after the year end.
9 | Related party transactions
| At the year end, the company owed Beekeeper Development Ltd £184,483 (2023: £158,580). The registered office is Unit 10716 Lytchett House 13 Freeland Park, Wareham Road, Lytchett Matravers, Dorset, England, BH16 6FA. The company is controlled by J Wilson.
10 | Other information
| Ridgelink Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Unit 10716 Lytchett House
| 13 Freeland Park, Wareham Road
| Lytchett Matravers
| Dorset
| BH16 6FA

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