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Registration number: 09358995

River Exe Group Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2022

 

River Exe Group Limited
(Registration number: 09358995)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

River Exe Group Limited
(Registration number: 09358995)

Company Information

Director

Mr Paul Craven

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

River Exe Group Limited
(Registration number: 09358995)

Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

100

100

Current assets

 

Debtors

5

3,420

3,420

Net assets

 

3,520

3,520

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

100

100

Profit and loss account

3,320

3,320

Total equity

 

3,520

3,520

For the financial year ending 31 December 2022 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 on 29 September 2023
 

.........................................
Mr Paul Craven
Director

 

River Exe Group Limited
(Registration number: 09358995)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

River Exe Group Limited
(Registration number: 09358995)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 2).

4

Investments

2022
£

2021
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 January 2022

100

Provision

Carrying amount

At 31 December 2022

100

At 31 December 2021

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

River Exe Group Limited
(Registration number: 09358995)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Subsidiary undertakings

River Exe Cafe Limited

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Ordinary

100%

100%

 

England and Wales

     

5

Debtors

Note

2022
£

2021
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

3,420

3,420

Total current trade and other debtors

 

3,420

3,420

 

River Exe Group Limited
(Registration number: 09358995)

Detailed Profit and Loss Account for the Year Ended 31 December 2022

2022
£

2021
£

Turnover

-

-

Operating profit/(loss)

-

-

Income from shares in group undertakings

24,000

250,000

Profit before tax

24,000

250,000

 

River Exe Group Limited
(Registration number: 09358995)

Detailed Profit and Loss Account for the Year Ended 31 December 2022

2022
£

2021
£

   

Income from shares in group undertakings

Dividends from shares in subsidiaries

24,000

250,000

2022
£

2021
£

Turnover (analysed below)

-

-

Operating profit/(loss)

-

-

Income from shares in group undertakings (analysed below)

24,000

250,000

Profit before tax

24,000

250,000

 

River Exe Group Limited
(Registration number: 09358995)

Detailed Profit and Loss Account for the Year Ended 31 December 2022

2022
£

2021
£

   

Income from shares in group undertakings

Dividends from shares in subsidiaries

24,000

250,000