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Registered Number: 09261735
England and Wales

 

 

 

RIVA INVESTMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SJPR ACCOUNTANTS LTD
31 October 2023



....................................................
SJPR ACCOUNTANTS LTD
225 Clapham Road
LONDON
SW9 9BE
02 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 63,000    72,000 
Tangible fixed assets 4 42,142    43,714 
105,142    115,714 
Current assets      
Stocks 202,564    227,044 
Debtors: amounts falling due within one year 469,525    170,741 
Debtors: amounts falling due after one year 66,304    96,083 
Cash at bank and in hand 29,641    137,895 
768,034    631,763 
Creditors: amount falling due within one year (782,625)   (136,514)
Net current assets (14,591)   495,249 
 
Total assets less current liabilities 90,551    610,963 
Creditors: amount falling due after more than one year (296,265)   (423,707)
Net assets (205,714)   187,256 
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account (205,715)   187,255 
Shareholder's funds (205,714)   187,256 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 02 February 2024 and were signed by:


-------------------------------
Vanderley Junior
Director
2
General Information
RIVA INVESTMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 09261735, registration address Unit 15 Progress Industrial Park, Progress Way, Croydon , London, UK, CR0 4XD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Straight Line
Fixtures and Fittings 25 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 13 (2022 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 90,000    90,000 
Additions  
Disposals  
At 31 October 2023 90,000    90,000 
Amortisation
At 01 November 2022 18,000    18,000 
Charge for year 9,000    9,000 
On disposals  
At 31 October 2023 27,000    27,000 
Net book values
At 31 October 2023 63,000    63,000 
At 31 October 2022 72,000    72,000 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £   £
At 01 November 2022 63,234    30,347    9,813    3,191    18,166    124,751 
Additions 3,900            3,900 
Disposals          
At 31 October 2023 67,134    30,347    9,813    3,191    18,166    128,651 
Depreciation
At 01 November 2022 42,106    23,332    9,813    2,154    3,632    81,037 
Charge for year 2,409    1,403      207    1,453    5,472 
On disposals          
At 31 October 2023 44,515    24,735    9,813    2,361    5,085    86,509 
Net book values
Closing balance as at 31 October 2023 22,619    5,612      830    13,081    42,142 
Opening balance as at 01 November 2022 21,128    7,015      1,037    14,534    43,714 

The net book value of Motor Vehicles, Land and Buildings includes £ 13,628 (2022 £15,218) in respect of assets leased under finance leases or hire purchase contracts.

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £0.01 each  
 

3