RIDGMOUNT PROPERTIES LIMITED


Director	Mr L Rokach


Registered Address	New Burlington House
	1075 Finchley Road
	London
	NW11 0PU


Registered Number	06778866 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		949,000		949,000
			949,000		949,000
Current assets
Debtors	4	4,687,433		4,222,478
Cash at bank and on hand		11		11
		4,687,444		4,222,489
Creditors amounts falling due within one year	5	(5,109,360)		(4,645,377)
Net current assets (liabilities)			(421,916)		(422,888)
Total assets less current liabilities			527,084		526,112
Net assets			527,084		526,112
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			526,084		525,112
Shareholders' funds			527,084		526,112

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 April 2026, and are signed on its behalf by:

Mr L Rokach
Director
Registered Company No. 06778866

RIDGMOUNT PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

	Going concern
	Notwithstanding the deficiency in net current assets of the company, the financial statements have been prepared in accordance with the accounting principles applicable to a going concern on the basis of continuing financial support being provided by the company's principal creditors, fellow group undertakings.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The director does not consider there to be any critical judgements or sources of estimation and uncertainty beyond the accounting policies set out below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there to be any critical judgements or sources of estimation and uncertainty beyond the accounting policies set out below.

	Turnover policy
	Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

	Current taxation
	Current tax 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 invoice or directly in equity. In this case, tax is recognised in other comprehensive invoice or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting sheet date.

Current taxation

Current tax 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 invoice or directly in equity. In this case, tax is recognised in other comprehensive invoice or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting sheet date.

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

	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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. 

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Fixed asset investments
	The company holds all of the ordinary issued share capital of Groveworld (Chenies Street) Limited, a company incorporated in England and Wales. Groveworld (Chenies Street) Limited holds all of the ordinary issued share capital of Groveworld (Chenies Street) Lettings Limited. Groveworld (Chenies Street) Lettings Limited holds all of the ordinary issued share capital of The Residen Limited.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 May 24	949,000	949,000
At 30 April 25	949,000	949,000
Net book value
At 30 April 25	949,000	949,000
At 30 April 24	949,000	949,000

	Notes
	¹Investments in group undertakings and participating interests

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	4,687,433	4,222,478
Total	4,687,433	4,222,478

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	5,109,360	4,634,988
Accrued liabilities and deferred income	-	10,389
Total	5,109,360	4,645,377

6.	Related party transactions
	The company has taken advantage of the exemptions conferred by FRS 102 Section 1A and has not disclosed details of the transactions with group undertakings.

7.	Controlling party
	The ultimate controlling party is Bretchly Investments Limited, a company incorporated and registered in Gibraltar. The registered address of Bretchly Investments Limited is 57/63 Line Wall Road, Gibraltar.