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REGISTERED NUMBER: 03606511 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Rivercourt Limited

Rivercourt Limited (Registered number: 03606511)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rivercourt Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B Spencer
G C Simmonds





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 03606511 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Rivercourt Limited (Registered number: 03606511)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 2,499,802 2,490,514
2,499,803 2,490,515

CURRENT ASSETS
Debtors 6 6,773 14,755
Cash in hand 1,500 1,500
8,273 16,255
CREDITORS
Amounts falling due within one year 7 (108,681 ) (112,221 )
NET CURRENT LIABILITIES (100,408 ) (95,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,399,395

2,394,549

CAPITAL AND RESERVES
Called up share capital 2,485,337 2,485,337
Retained earnings (85,942 ) (90,788 )
SHAREHOLDERS' FUNDS 2,399,395 2,394,549

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





B Spencer - Director


Rivercourt Limited (Registered number: 03606511)

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


1. STATUTORY INFORMATION

Rivercourt 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Income
Income relates to rents receivable and is recognised over the term of the rental.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less accumulated impairment losses.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. The directors assess the property market and the condition of the property annually, to determine whether any revaluation adjustments are required.

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 statement of financial position date.

Going concern
The company is dependent upon continuing financial support from its parent undertaking. The directors consider that after making appropriate enquiries and at the time of approving these financial statements the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to adopt a going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Rivercourt Limited (Registered number: 03606511)

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


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2015 907,554
Valuation in 2015 (3,387,537 )
Cost 2,479,984
1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,490,514
Additions 9,288
At 31 December 2023 2,499,802
NET BOOK VALUE
At 31 December 2023 2,499,802
At 31 December 2022 2,490,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,708 12,742
Prepayments and accrued income 4,065 2,013
6,773 14,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,480 4,891
Other creditors 2,242 2,242
Loan from parent company 100,000 100,000
Accruals and deferred income 3,959 5,088
108,681 112,221

8. RELATED PARTY DISCLOSURES

At the year end, amounts totalling £5,020 (2022: £31,319) owed to Rivercourt Limited by other group companies were waived.