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Company Registration No. 10969378 (England and Wales)
RIVERSDALE PROPERTIES (DEVON) LIMITED Unaudited accounts for the year ended 30 September 2023
RIVERSDALE PROPERTIES (DEVON) LIMITED Unaudited accounts Contents
Page
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RIVERSDALE PROPERTIES (DEVON) LIMITED Company Information for the year ended 30 September 2023
Director
Christopher Leo Birch
Company Number
10969378 (England and Wales)
Registered Office
C/o Swift Accounting, Ground Floor The Custom House, The Strand Barnstaple Devon EX31 1EU England
Accountants
Swift Accounting & Bookkeeping Services Ltd Ground Floor, The Custom House The Strand Barnstaple Devon EX31 1EU
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RIVERSDALE PROPERTIES (DEVON) LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
280,000 
270,000 
Current assets
Debtors
64 
- 
Cash at bank and in hand
1,915 
20,092 
1,979 
20,092 
Creditors: amounts falling due within one year
(600)
(133,782)
Net current assets/(liabilities)
1,379 
(113,690)
Total assets less current liabilities
281,379 
156,310 
Creditors: amounts falling due after more than one year
(242,380)
(120,050)
Provisions for liabilities
Deferred tax
(10,499)
(8,599)
Net assets
28,500 
27,661 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
55,260 
45,260 
Profit and loss account
(26,860)
(17,699)
Shareholders' funds
28,500 
27,661 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2024 and were signed on its behalf by
Christopher Leo Birch Director Company Registration No. 10969378
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RIVERSDALE PROPERTIES (DEVON) LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
RIVERSDALE PROPERTIES (DEVON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10969378. The registered office is C/o Swift Accounting, Ground Floor, The Custom House, The Strand, Barnstaple, Devon, EX31 1EU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received in respect of rental income derived from the company's investment property in the normal course of business and is shown net of VAT.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 October 2022
270,000 
Net gain from fair value adjustments
10,000 
At 30 September 2023
280,000 
Investment property comprises of freehold residential property with a fair value of £280,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2023 by the company's director. The valuation was made on the directors estimation of open market value by reference to market evidence.
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RIVERSDALE PROPERTIES (DEVON) LIMITED Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
64 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
- 
133,782 
Accruals
600 
- 
600 
133,782 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
120,050 
Loans from directors
242,380 
- 
242,380 
120,050 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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