RIDGEBACK PARTNERS LTD - Filleted accounts

RIDGEBACK PARTNERS LTD - Filleted accounts

RIDGEBACK PARTNERS LTD - Company Information

Print Friendly Version

Registered number
09390863
RIDGEBACK PARTNERS LTD
Filleted Accounts
31 January 2019
RIDGEBACK PARTNERS LTD
Registered number: 09390863
Balance Sheet
as at 31 January 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 6,826 6,596
6,826 6,596
Current assets
Debtors - -
Cash at bank and in hand 10,002 223
10,002 223
Creditors: amounts falling due within one year 3 (101,070) (69,273)
Net current liabilities (91,068) (69,050)
Total assets less current liabilities (84,242) (62,454)
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net liabilities (84,242) (62,454)
Capital and reserves
Called up share capital 100 100
Profit and loss account (84,342) (62,554)
Shareholder's funds (84,242) (62,454)
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 member has 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.
Mr Ashish Singh
Director
Approved by the board on 29 October 2019
RIDGEBACK PARTNERS LTD
Notes to the Accounts
for the year ended 31 January 2019
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than website & domain, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, and equipment 25% reducing balance
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Tangible fixed assets
Website & Domain Fixtures, Fittings & Equipment Total
£ £ £
Cost
At 1 February 2018 1,907 8,400 10,307
Additions - 1,869 1,869
Surplus on revaluation - - -
Disposals - - -
At 31 January 2019 1,907 10,269 12,176
Depreciation
At 1 February 2018 - 3,711 3,711
Charge for the year - 1,639 1,639
Surplus on revaluation - - -
On disposals - - -
At 31 January 2019 - 5,350 5,350
Net book value
At 31 January 2019 1,907 4,919 6,826
At 31 January 2018 1,907 4,689 6,596
3 Creditors: amounts falling due within one year 2019 2018
£ £
Director's Account 97,498 67,773
Value Added Taxation 2,772 -
Other creditors 800 1,500
101,070 69,273
4 Share capital Nominal 2019 2019 2017
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
100 100
5 Controlling party
The ultimate controlling party is Mr Ashish Singh
6 Other information
RIDGEBACK PARTNERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
SUNHILL HOUSE
MEYSEY HAMPTON
CIRENCESTER
GLOUCESTERSHIRE
GL7 5SZ
RIDGEBACK PARTNERS LTD 09390863 false 2018-02-01 2019-01-31 2019-01-31 VT Final Accounts July 2019 Mr Ashish Singh No description of principal activity 09390863 core:WithinOneYear 2018-01-31 09390863 core:AfterOneYear 2018-01-31 09390863 core:ShareCapital 2018-01-31 09390863 core:RetainedEarningsAccumulatedLosses 2018-01-31 09390863 2018-02-01 2019-01-31 09390863 bus:PrivateLimitedCompanyLtd 2018-02-01 2019-01-31 09390863 bus:AuditExempt-NoAccountantsReport 2018-02-01 2019-01-31 09390863 bus:Director40 2018-02-01 2019-01-31 09390863 1 2018-02-01 2019-01-31 09390863 2 2018-02-01 2019-01-31 09390863 core:LandBuildings 2018-02-01 2019-01-31 09390863 core:PlantMachinery 2018-02-01 2019-01-31 09390863 countries:England 2018-02-01 2019-01-31 09390863 bus:FRS102 2018-02-01 2019-01-31 09390863 bus:FullAccounts 2018-02-01 2019-01-31 09390863 2019-01-31 09390863 core:WithinOneYear 2019-01-31 09390863 core:AfterOneYear 2019-01-31 09390863 core:ShareCapital 2019-01-31 09390863 core:RetainedEarningsAccumulatedLosses 2019-01-31 09390863 core:LandBuildings 2019-01-31 09390863 core:PlantMachinery 2019-01-31 09390863 2018-01-31 09390863 core:LandBuildings 2018-01-31 09390863 core:PlantMachinery 2018-01-31 iso4217:GBP