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REGISTERED NUMBER: 05116718 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2023

for

Riverwood Homes Limited

Riverwood Homes Limited (Registered number: 05116718)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Riverwood Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R J Matthews





REGISTERED OFFICE: Darian House
15 Roman Way
Market Harborough
Leicestershire
LE16 7PQ





REGISTERED NUMBER: 05116718 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Riverwood Homes Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Riverwood Homes Limited for the year ended 31 October 2023 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Riverwood Homes 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 Riverwood Homes Limited. You consider that Riverwood Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Riverwood Homes 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


23 February 2024

Riverwood Homes Limited (Registered number: 05116718)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 464
Tangible assets 5 3,249 6,499
3,249 6,963

CURRENT ASSETS
Debtors 6 128,296 160,484
Cash at bank 309 39,748
128,605 200,232
CREDITORS
Amounts falling due within one year 7 64,422 101,574
NET CURRENT ASSETS 64,183 98,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,432

105,621

CREDITORS
Amounts falling due after more than
one year

8

(19,795

)

(29,783

)

PROVISIONS FOR LIABILITIES (617 ) (1,235 )
NET ASSETS 47,020 74,603

Riverwood Homes Limited (Registered number: 05116718)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 450 450
Capital redemption reserve 550 550
Retained earnings 46,020 73,603
SHAREHOLDERS' FUNDS 47,020 74,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





R J Matthews - Director


Riverwood Homes Limited (Registered number: 05116718)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Riverwood Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Riverwood Homes Limited (Registered number: 05116718)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 November 2022
and 31 October 2023 1,390
AMORTISATION
At 1 November 2022 926
Amortisation for year 464
At 31 October 2023 1,390
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 464

Riverwood Homes Limited (Registered number: 05116718)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 42,575 2,811 45,386
DEPRECIATION
At 1 November 2022 36,076 2,811 38,887
Charge for year 3,250 - 3,250
At 31 October 2023 39,326 2,811 42,137
NET BOOK VALUE
At 31 October 2023 3,249 - 3,249
At 31 October 2022 6,499 - 6,499

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 126,830 159,186
Tax 1,466 -
VAT - 683
Prepayments and accrued income - 615
128,296 160,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,015 9,768
Trade creditors - 116
Corporation tax - 2,786
Other creditors 53,007 73,000
Accruals and deferred income 1,400 15,904
64,422 101,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 10,268 9,190
Bank loans - 2-5 years 9,527 20,593
19,795 29,783

Riverwood Homes Limited (Registered number: 05116718)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
450 Ordinary £1 450 450