Ridgeback Properties (Bristol) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12685037 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Ridgeback Properties (Bristol) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J S Rai

Mrs B K Rai

REGISTERED OFFICE:

10 Pound Lane

Fishponds

Bristol

BS16 2ES

REGISTERED NUMBER:

12685037 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Tangible assets

4

341,142

207,554

CURRENT ASSETS

Debtors

5

1,104

228

Cash at bank

1,821

10,187

2,925

10,415

CREDITORS

Amounts falling due within one year

6

97,934

62,480

NET CURRENT LIABILITIES

(95,009

)

(52,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

246,133

155,489

CREDITORS

Amounts falling due after more than one year

7

244,201

153,094

NET ASSETS

1,932

2,395

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,832

2,295

SHAREHOLDERS' FUNDS

1,932

2,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 13 October 2023 and were signed on its behalf by:

Mr J S Rai - Director

Mrs B K Rai - Director

1.	STATUTORY INFORMATION

Ridgeback Properties (Bristol) 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.

Tangible fixed assets

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

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

13

58B

28

Redgrave

Gibson

Stewart

Street

Street

Street

Totals

£

£

£

£

COST

At 1 July 2022

207,554

-

-

207,554

Additions

-

63,062

70,526

133,588

At 30 June 2023

207,554

63,062

70,526

341,142

NET BOOK VALUE

At 30 June 2023

207,554

63,062

70,526

341,142

At 30 June 2022

207,554

-

-

207,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

1,104

228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

595

1,171

Directors' loan accounts

96,319

60,709

Accrued expenses

1,020

600

97,934

62,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 2-5 years

244,201

153,094

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

50

Ordinary A

50

50

50

50

Ordinary B

50

50

50

100

100

9.

RESERVES

Retained

earnings

£

At 1 July 2022

2,295

Profit for the year

2,537

Dividends

(3,000

)

At 30 June 2023

1,832