Red Ridge Residential Limited - Filleted accounts

Registered number

04011607

Red Ridge Residential Limited

Unaudited Filleted Accounts

31 August 2025

Red Ridge Residential Limited
Registered number:		04011607
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,780,096			2,782,592

Current assets
Debtors	4	-			543,734
Cash at bank and in hand		6,744			17,770
		6,744			561,504

Creditors: amounts falling due within one year	5	(67,421)			(116,266)

Net current (liabilities)/assets			(60,677)			445,238

Total assets less current liabilities			2,719,419			3,227,830

Creditors: amounts falling due after more than one year	6		(442,159)			(1,133,527)

Provisions for liabilities			-			(1,071)


Net assets			2,277,260			2,093,232

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,277,258			2,093,230

Shareholders' funds			2,277,260			2,093,232

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.




PD Horne
Director
Approved by the board on 30 May 2026

Red Ridge Residential Limited
Notes to the Accounts
for the year ended 31 August 2025


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). The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Turnover
	Turnover represents rents receivable.

	Tangible fixed assets
	Tangible fixed assets, other than freehold land, 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:

	Fixtures and fittings			25% straight line
	Motor vehicles			25% straight line

	The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has been a material change in value.
	No depreciation has been charged on the company's freehold properties since, in the opinion of the directors, the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					-		-


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Fixtures and fittings		Total
£			£		£		£
	Cost
	At 1 September 2024	2,780,096		20,357		108,367		2,908,820
	At 31 August 2025	2,780,096		20,357		108,367		2,908,820

	Depreciation
	At 1 September 2024	-		19,171		107,057		126,228
	Charge for the year	-		1,186		1,310		2,496
	At 31 August 2025	-		20,357		108,367		128,724

	Net book value
	At 31 August 2025	2,780,096		-		-		2,780,096
	At 31 August 2024	2,780,096		1,186		1,310		2,782,592


4	Debtors					2025		2024
£							£

	Trade debtors					-		543,734


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		116,266
	Taxation and social security costs					67,421		-
						67,421		116,266


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					116,708		542,257
	Other creditors - amounts owed to associated companies					325,451		591,270
						442,159		1,133,527


7	Controlling party

	The company is under the control of the directors.


8	Other information

	Red Ridge Residential Limited is a private company limited by shares and incorporated in England. Its registered office is:
	158 Heaton Park Road
	Heaton
	Newcastle upon Tyne
	NE6 5NR