REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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FOR |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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FOR |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED |
RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Chartered Accountants' Report | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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12 Melcombe Place |
London |
NW1 6JJ |
RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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REPORT OF THE DIRECTORS |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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The directors present their report with the financial statements of the company for the period 26 December 2019 to 24 December 2020. |
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PRINCIPAL ACTIVITY |
The company owns the reversionary freehold title of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD. The company's principal activities comprise the control and supervision of this interest and the related collection of ground rents. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 26 December 2019 to the date of this report. |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
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Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridgeway Court (Stanmore) Freehold Limited for the period ended 24 December 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Ridgeway Court (Stanmore) Freehold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ridgeway Court (Stanmore) Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Ridgeway Court (Stanmore) Freehold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ridgeway Court (Stanmore) Freehold Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Ridgeway Court (Stanmore) Freehold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ridgeway Court (Stanmore) Freehold Limited. You consider that Ridgeway Court (Stanmore) Freehold Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Ridgeway Court (Stanmore) Freehold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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12 Melcombe Place |
London |
NW1 6JJ |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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INCOME STATEMENT |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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Period |
26.12.19 |
to | Year ended |
24.12.20 | 25.12.19 |
Notes | £ | £ |
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TURNOVER |
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OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL PERIOD |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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BALANCE SHEET |
24 DECEMBER 2020 |
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24.12.20 | 25.12.19 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Ridgeway Court (Stanmore) Freehold Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises ground rent income from the tenants of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2019 - NIL). |
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4. | OPERATING PROFIT |
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The directors received no remuneration in respect of their services to the company for the period. |
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5. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 26 December 2019 |
and 24 December 2020 |
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NET BOOK VALUE |
At 24 December 2020 |
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At 25 December 2019 |
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The company owns the reversionary freehold interest in Ridgeway Court, The Ridgeway, Stanmore HA7 4BD which was purchased for £65,000 consideration on 30 October 2013. In the directors' opinion the property does not qualify as an Investment Property as defined by the provisions of Section 16 of FRS102 as the property is held for administrative purposes and as no rentals are being earned. Therefore the property is held on the balance sheet at cost. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.12.20 | 25.12.19 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24.12.20 | 25.12.19 |
£ | £ |
Other creditors |
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RIDGEWAY COURT (STANMORE) FREEHOLD |
LIMITED (REGISTERED NUMBER: 08351278) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 26 DECEMBER 2019 TO 24 DECEMBER 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
24.12.20 | 25.12.19 |
£ | £ |
Participator loans |
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The above loan was made to the company by its shareholders, to fund the freehold purchase of Ridgeway Court, The Ridgeway, Stanmore HA7 4BD. The amount outstanding on the loan at the balance sheet date is £18,574 (2019: £18,574). The loans are repayable at the sole discretion of the company and are interest free. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by a voting majority of its shareholders and accordingly there is no controlling related party. |