Registered number
12409015
Riverside Advisory Limited
Filleted Accounts
31 December 2023
Riverside Advisory Limited
Registered number: 12409015
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 212,495 13,522
Cash at bank and in hand 245,789 520,448
458,284 533,970
Creditors: amounts falling due within one year 4 (448,634) (516,512)
Net current assets 9,650 17,458
Net assets 9,650 17,458
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,649 17,457
Shareholders' funds 9,650 17,458
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Gallagher
Director
Approved by the board on 16 April 2024
Riverside Advisory Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services of public relations and communications activities. Turnover from the rendering of these services is recognised in the financial statements in the period they are provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial in the true and fair view of the financial statements.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 209,622 12,000
Other debtors 2,873 1,522
212,495 13,522
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 39,310 17,475
Advance income - 30,000
Taxation and social security costs 176,011 197,037
Other creditors 233,313 272,000
448,634 516,512
5 Other information
Riverside Advisory Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Oakleigh Park North
London
N20 9AT
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