Ridgefleet Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01823253 (England and Wales)

Unaudited Financial Statements

for the Year Ended

24 June 2021

for

Ridgefleet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M A Mason

Ms D M Meade

SECRETARY:

Neil Douglas Block Management Ltd

REGISTERED OFFICE:

The Dutch Barn

Manor Farm Courtyard

Manor Road

Rowsham

HP22 4QP

REGISTERED NUMBER:

01823253 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

CURRENT ASSETS

Debtors

4

23,183

10,991

Cash at bank

18,120

9,687

41,303

20,678

CREDITORS

Amounts falling due within one year

5

17,230

3,036

NET CURRENT ASSETS

24,073

17,642

TOTAL ASSETS LESS CURRENT LIABILITIES

24,073

17,642

PROVISIONS FOR LIABILITIES

1,000

1,000

NET ASSETS

23,073

16,642

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

6

23,061

16,630

SHAREHOLDERS' FUNDS

23,073

16,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 2 October 2021 and were signed on its behalf by:

Ms D M Meade - Director

1.	STATUTORY INFORMATION

Ridgefleet 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 represents service charges levied on residents based on budgeted expenditure for the year. The company is not registered for VAT.

Taxation

The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.21

24.6.20

£

£

Other debtors

318

-

Service charge debtors

22,243

10,336

Prepayments

622

655

23,183

10,991

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.6.21

24.6.20

£

£

Service charges received in advance

-

2,568

Service charge suspense

7,370

-

Deferred income

9,542

-

Accrued expenses

318

468

17,230

3,036

6.

RESERVES

Retained

earnings

£

At 25 June 2020

16,630

Profit for the year

9,139

Expenditure from reserves

(2,708

)

At 24 June 2021

23,061