Company Registration No. 10067269 (England and Wales)
RIDGE HILL TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
RIDGE HILL TRADING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RIDGE HILL TRADING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
1
3
Current assets
Stocks
13,122,791
14,805,082
Debtors
4
2,909,129
2,940,248
Cash at bank and in hand
395,423
273,980
16,427,343
18,019,310
Creditors: amounts falling due within one year
5
(5,682)
(7,209)
Net current assets
16,421,661
18,012,101
Total assets less current liabilities
16,421,662
18,012,104
Creditors: amounts falling due after more than one year
6
(16,164,900)
(16,364,900)
Net assets
256,762
1,647,204
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
256,662
1,647,104
Total equity
256,762
1,647,204
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
RIDGE HILL TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
31 March 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 August 2021 and are signed on its behalf by:
S Hosking
Director
Company Registration No. 10067269
RIDGE HILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
Ridge Hill Trading Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Ashcombe Court, Woolsack Way, Godalming, Surrey, United Kingdom, GU7 1LQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The financial statements contain information about Ridge Hill Trading Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
1.2
Going concern
We have paid particular attention to the likely effects on the business of the current Covid-19 outbreak and the directors remain confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future.
true
Due to the uncertain nature of the current Covid-19 conditions it is difficult to reliably estimate the full impact on the portfolio of assets. It is possible that there will be further impacts on the valuation and tenant occupation of the portfolio in the future. The information available at the time has been considered when determining the value contained within the accounts and no further adjustment is proposed at this stage.
1.3
Turnover
Turnover comprises the fair value of the consideration received or receivable for property management fees and sale of property stock.
1.4
Fixed asset investments
Investments represent shares held in group companies.
1.5
Stocks
Stock represents investments in properties, held for resale. Stock is stated at cost less any provision for a diminution in value.
1.6
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
RIDGE HILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 4 -
Current tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
3
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
1
3
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2020
3
Disposals
(2)
At 31 March 2021
1
Carrying amount
At 31 March 2021
1
At 31 March 2020
3
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,889,948
2,889,948
Other debtors
19,181
50,300
2,909,129
2,940,248
RIDGE HILL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
4
Debtors
(Continued)
- 5 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,332
2,857
Other creditors
4,350
4,352
5,682
7,209
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Other creditors
16,164,900
16,364,900
7
Loans and overdrafts
2021
2020
£
£
Other loans
16,164,900
16,364,900
Payable after one year
16,164,900
16,364,900
Other loans represents amounts loaned to the company by the directors. The loans are interest free, and have a maturity date of 11 April 2041.
8
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2021
2020
2021
2020
£
£
£
£
Key management personnel
16,164,900
16,364,900