Ridge House Stables Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02859549 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

RIDGE HOUSE STABLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

R A Harris

SECRETARY:

REGISTERED OFFICE:

Ridge House

Earlswood

Nr Chepstow

Monmouthshire

NP16 6AN

REGISTERED NUMBER:

02859549 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Mid Glamorgan

CF37 4DY

FIXED ASSETS

Tangible assets

4

83,219

85,693

CURRENT ASSETS

Stocks

42,055

42,055

Debtors

5

45,000

82,056

Cash at bank and in hand

15,963

26,250

103,018

150,361

CREDITORS

Amounts falling due within one year

6

231,739

295,481

NET CURRENT LIABILITIES

(128,721

)

(145,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,502

)

(59,427

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(45,504

)

(59,429

)

(45,502

)

(59,427

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2021 and were signed by:

R A Harris - Director

1.	STATUTORY INFORMATION

Ridge House Stables Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2019

and 31 December 2019

123,691

43,072

166,763

DEPRECIATION

At 1 January 2019

37,998

43,072

81,070

Charge for year

2,474

-

2,474

At 31 December 2019

40,472

43,072

83,544

NET BOOK VALUE

At 31 December 2019

83,219

-

83,219

At 31 December 2018

85,693

-

85,693

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

45,000

82,056

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

45,000

87,814

Taxation and social security

21,125

12,365

Other creditors

165,614

195,302

231,739

295,481

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and 31 December 2018:

31.12.19

31.12.18

£

£

R A Harris

Balance outstanding at start of year

(194,102

)

(200,842

)

Amounts advanced

42,988

6,740

Amounts repaid

(12,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(163,114

)

(194,102

)

8.	GOING CONCERN NOTE

The Company continues to trade with the financial support of its director and his directors loan account.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridge House Stables Limited for the year ended 31 December 2019 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.

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.

This report is made solely to the director of Ridge House Stables Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ridge House Stables Limited and state those matters that we have agreed to state to the director of Ridge House Stables Limited 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 Ridge House Stables Limited and its director for our work or for this report.

It is your duty to ensure that Ridge House Stables 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 Ridge House Stables Limited. You consider that Ridge House Stables Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ridge House Stables 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.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Mid Glamorgan

CF37 4DY

29 April 2021