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COMPANY REGISTRATION NUMBER: 12792850
Riverside Falcons Limited
Filleted Unaudited Financial Statements
31 August 2021
Riverside Falcons Limited
Financial Statements
Year ended 31 August 2021
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Riverside Falcons Limited
Officers and Professional Advisers
Director Mr Thomas Stuart Timson
- Director
Registered office
Alexandra House
123 Priestsic Road
Sutton In Ashfield
United Kingdom
Nottinghamshire
NG174EA
Accountants
Gregory Priestley & Stewart
Chartered accountants
Alexandra House
123 Priestsic Road
Sutton in Ashfield
Nottinghamshire
NG17 4EA
Riverside Falcons Limited
Statement of Financial Position
31 August 2021
2021
Note
£
Current assets
Stocks
10,000
Cash at bank and in hand
2,000
--------
12,000
Creditors: amounts falling due within one year
4
20,970
--------
Net current liabilities
8,970
-------
Total assets less current liabilities
( 8,970)
-------
Net liabilities
( 8,970)
-------
Capital and reserves
Called up share capital
100
Profit and loss account
( 9,070)
-------
Shareholders deficit
( 8,970)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 May 2022 , and are signed on behalf of the board by:
Mr Thomas Stuart Timson
Director
Company registration number: 12792850
Riverside Falcons Limited
Notes to the Financial Statements
Year ended 31 August 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alexandra House, 123 Priestsic Road, Sutton In Ashfield, United Kingdom, NG174EA, Nottinghamshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
4. Creditors: amounts falling due within one year
2021
£
Trade creditors
10,350
Other creditors
10,620
--------
20,970
--------
5. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr Thomas Stuart Timson
100
( 10,000)
( 9,900)
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