Ridge View Holdings Ltd - Period Ending 2020-07-31
Ridge View Holdings Ltd - Period Ending 2020-07-31
Registration number:
Ridge View Holdings Ltd
for the Year Ended 31 July 2020
Ridge View Holdings Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Ridge View Holdings Ltd
Company Information
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Directors |
M J Squires D A Mitten T J Smith |
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Registered office |
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Solicitors |
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Accountants |
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Ridge View Holdings Ltd
(Registration number: 10290890)
Balance Sheet
31 July 2020
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2019 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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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 |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Total equity |
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Ridge View Holdings Ltd
(Registration number: 10290890)
Balance Sheet
31 July 2020
For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
Ridge View Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2020
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Investment property
Ridge View Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2020
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2020 |
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At 1 August |
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Additions |
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Fair value adjustments |
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At 31 July |
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Investment properties have been valued at fair values by the directors.
There has been no valuation of investment property by an independent valuer.
Ridge View Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2020
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Debtors |
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2020 |
2019 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Ridge View Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 July 2020
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Creditors |
Creditors: amounts falling due within one year
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2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2020 |
2019 |
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Due after one year |
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Loans and borrowings |
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The borrowing are secured by fixed and floating charges over the assets of the company.
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
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Revaluation reserve |
Total |
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Surplus/(deficit) on property, plant and equipment revaluation |
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Loans and borrowings |
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2020 |
2019 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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