Ridge Property Limited - Accounts to registrar (filleted) - small 18.2
Ridge Property Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2020 |
| for |
| Ridge Property Limited |
| Ridge Property Limited (Registered number: 09904833) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Ridge Property Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Oxford House |
| 15-17 Mount Ephraim Road |
| Tunbridge Wells |
| Kent |
| TN1 1EN |
| Ridge Property Limited (Registered number: 09904833) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Ridge Property Limited (Registered number: 09904833) |
| Balance Sheet - continued |
| 31 March 2020 |
| 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 signed on its behalf by: |
| Ridge Property Limited (Registered number: 09904833) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable. |
| INVESTMENTS IN SUBSIDIARIES |
| Investments in subsidiary undertakings are recognised at cost. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated on account of Revaluation of |
| Investment Property to Fair Value but not reversed at the balance sheet date. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 3. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2019 |
| Impairments | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Oxford House Oxford House, 15-17 Mount Ephraim Road, Tunbridge Wells, Kent, England, TN1 1EN |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ridge Property Limited (Registered number: 09904833) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2019 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Directors' current accounts | - | 9,409 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Other creditors |
| Directors' current accounts | 2,081 | 300 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed to group undertakings |
| 8. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax |
| Other timing differences | 823,418 | 823,418 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2019 |
| Balance at 31 March 2020 |
| Ridge Property Limited (Registered number: 09904833) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary shares | £1 | 303 | 303 |
| 10. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 April 2019 | 4,850,767 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2020 | 4,824,606 |
| Reserves at year end consist of below |
| 2020 | 2019 |
| £ | £ |
| Realised reserve | 194,041 | 124,147 |
| Unrealised reserve | 3,510,362 | 3,510,361 |
| Total reserves at year end | 3,704,403 | 3,634,508 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2020 and |
| 31 March 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 12. | POST BALANCE SHEET EVENTS |
| Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on |
| businesses worldwide. As a result some business operations have been restricted, however the company |
| continues to operate using alternative methods and remote working. The directors are unable to evaluate the |
| overall financial impact on the business at present. Hence financial statements do not include any adjustments |
| that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to |
| the current changing environment in order to position the company to ensure its future success. |
| Ridge Property Limited (Registered number: 09904833) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 13. | ULTIMATE CONTROLLING PARTY |
| Mrs. K Brookes-Smith and Mr. R J Brookes-Smith is the ultimate controlling party due to his majority |
| shareholding and being directors of the company. |