Company Registration No. 14091271 (England and Wales)
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Mr B M Duncan
(Appointed 6 May 2022)
Mr J M Modley
(Appointed 6 May 2022)
Secretary
Smeaton Block Ltd
Company number
14091271
Registered office
The Office, 204 Central Park Towers
28 Central Park Avenue
Plymouth
Devon
PL4 6NE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED FOR THE PERIOD ENDED 31 MAY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rivage Freehold Management Company Limited for the period ended 31 May 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rivage Freehold Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rivage Freehold Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Rivage Freehold Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rivage Freehold Management Company Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Rivage Freehold Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rivage Freehold Management Company Limited. You consider that Rivage Freehold Management Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Rivage Freehold Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
6 February 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT 31 MAY 2023
31 May 2023
- 2 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
134,400
Current assets
Cash at bank and in hand
14
Net current assets
14
Total assets less current liabilities
134,414
Capital and reserves
Called up share capital
4
14
Capital redemption reserve
134,400
Total equity
134,414

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 February 2024 and are signed on its behalf by:
Mr J M Modley
Director
Company Registration No. 14091271
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Rivage Freehold Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Office, 204 Central Park Towers, 28 Central Park Avenue, Plymouth, Devon, PL4 6NE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.true

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

This property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Freehold land and buildings
Nil
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Director's
3
RIVAGE FREEHOLD MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2023
- 4 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 6 May 2022 and 31 May 2023
134,400
Depreciation and impairment
At 6 May 2022 and 31 May 2023
-
0
Carrying amount
At 31 May 2023
134,400
4
Share capital
2023
£
Ordinary share capital
Issued and fully paid
14 ordinary shares of £1 each
14
14
5
Ultimate controlling party
There is no ultimate controlling party.
6
Service charge accounts

Separate service charge accounts are prepared detailing income and expenditure for Rivage Apartments.

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