Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr David John Simmons 30/01/2018 Ms Suzanne Claire Simmons 30/01/2018 29 November 2023 The principle activity of the company is mixed farming. 11178614 2023-04-30 11178614 bus:Director1 2023-04-30 11178614 bus:Director2 2023-04-30 11178614 2022-04-30 11178614 core:CurrentFinancialInstruments 2023-04-30 11178614 core:CurrentFinancialInstruments 2022-04-30 11178614 core:ShareCapital 2023-04-30 11178614 core:ShareCapital 2022-04-30 11178614 core:RetainedEarningsAccumulatedLosses 2023-04-30 11178614 core:RetainedEarningsAccumulatedLosses 2022-04-30 11178614 core:Goodwill 2022-04-30 11178614 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2022-04-30 11178614 core:Goodwill 2023-04-30 11178614 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 11178614 core:LandBuildings 2022-04-30 11178614 core:LandBuildings 2023-04-30 11178614 bus:OrdinaryShareClass1 2023-04-30 11178614 2022-05-01 2023-04-30 11178614 bus:FullAccounts 2022-05-01 2023-04-30 11178614 bus:SmallEntities 2022-05-01 2023-04-30 11178614 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11178614 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11178614 bus:Director1 2022-05-01 2023-04-30 11178614 bus:Director2 2022-05-01 2023-04-30 11178614 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-05-01 2023-04-30 11178614 2021-05-01 2022-04-30 11178614 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 11178614 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 11178614 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11178614 (England and Wales)

RIVIERA FARMS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

RIVIERA FARMS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

RIVIERA FARMS LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
RIVIERA FARMS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Mr David John Simmons
Ms Suzanne Claire Simmons
REGISTERED OFFICE Higher Trevaskis Farm 14 Gwinear Road
Connor Downs
Hayle
TR27 5JQ
United Kingdom
COMPANY NUMBER 11178614 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
RIVIERA FARMS LIMITED

BALANCE SHEET

As at 30 April 2023
RIVIERA FARMS LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 2 2
Tangible assets 4 1,746,750 1,746,750
1,746,752 1,746,752
Current assets
Debtors 5 633,981 691,916
Cash at bank and in hand 9,878 13,468
643,859 705,384
Creditors: amounts falling due within one year 6 ( 1,447,339) ( 1,671,120)
Net current liabilities (803,480) (965,736)
Total assets less current liabilities 943,272 781,016
Net assets 943,272 781,016
Capital and reserves
Called-up share capital 7 120 120
Profit and loss account 943,152 780,896
Total shareholders' funds 943,272 781,016

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Riviera Farms Limited (registered number: 11178614) were approved and authorised for issue by the Board of Directors on 29 November 2023. They were signed on its behalf by:

Mr David John Simmons
Director
RIVIERA FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
RIVIERA FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riviera Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Higher Trevaskis Farm 14 Gwinear Road, Connor Downs, Hayle, TR27 5JQ, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Entitlements 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Entitlements Total
£ £ £
Cost
At 01 May 2022 2 42,348 42,350
At 30 April 2023 2 42,348 42,350
Accumulated amortisation
At 01 May 2022 0 42,348 42,348
At 30 April 2023 0 42,348 42,348
Net book value
At 30 April 2023 2 0 2
At 30 April 2022 2 0 2

4. Tangible assets

Land and buildings Total
£ £
Cost
At 01 May 2022 1,746,750 1,746,750
At 30 April 2023 1,746,750 1,746,750
Accumulated depreciation
At 01 May 2022 0 0
At 30 April 2023 0 0
Net book value
At 30 April 2023 1,746,750 1,746,750
At 30 April 2022 1,746,750 1,746,750

Included within the net book value of land and buildings above is £1,746,750 (2022 - £1,746,750) in respect of freehold land and buildings.

5. Debtors

2023 2022
£ £
Trade debtors 78,226 106,026
Other debtors 555,755 585,890
633,981 691,916

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 72,917 100,718
Taxation and social security 40,374 86,464
Other creditors 1,334,048 1,483,938
1,447,339 1,671,120

The directors hold a charge over part of the company property.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
120 Ordinary Shares shares of £ 1.00 each 120 120