Caseware UK (AP4) 2023.0.135 2023.0.135 172022-09-01false93199 - Other sports activities19falsetrue 04696249 2022-09-01 2023-08-31 04696249 2023-08-31 04696249 2022-08-31 04696249 2022-09-01 2023-08-31 04696249 2021-09-01 2022-08-31 04696249 2023-08-31 04696249 2022-08-31 04696249 2021-09-01 04696249 c:Director2 2022-09-01 2023-08-31 04696249 d:Buildings 2022-09-01 2023-08-31 04696249 d:Buildings 2023-08-31 04696249 d:Buildings 2022-08-31 04696249 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04696249 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 04696249 d:Buildings d:LongLeaseholdAssets 2023-08-31 04696249 d:Buildings d:LongLeaseholdAssets 2022-08-31 04696249 d:PlantMachinery 2023-08-31 04696249 d:PlantMachinery 2022-08-31 04696249 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04696249 d:FurnitureFittings 2023-08-31 04696249 d:FurnitureFittings 2022-08-31 04696249 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04696249 d:OfficeEquipment 2023-08-31 04696249 d:OfficeEquipment 2022-08-31 04696249 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04696249 d:ComputerEquipment 2022-09-01 2023-08-31 04696249 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04696249 d:CurrentFinancialInstruments 2023-08-31 04696249 d:CurrentFinancialInstruments 2022-08-31 04696249 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04696249 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04696249 d:ShareCapital 2022-09-01 2023-08-31 04696249 d:ShareCapital 2023-08-31 04696249 d:ShareCapital 2021-09-01 2022-08-31 04696249 d:ShareCapital 2022-08-31 04696249 d:ShareCapital 2021-09-01 04696249 d:SharePremium 2022-09-01 2023-08-31 04696249 d:SharePremium 2023-08-31 04696249 d:SharePremium 2021-09-01 2022-08-31 04696249 d:SharePremium 2022-08-31 04696249 d:SharePremium 2021-09-01 04696249 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 04696249 d:RetainedEarningsAccumulatedLosses 2023-08-31 04696249 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 04696249 d:RetainedEarningsAccumulatedLosses 2022-08-31 04696249 d:RetainedEarningsAccumulatedLosses 2021-09-01 04696249 c:FRS102 2022-09-01 2023-08-31 04696249 c:Audited 2022-09-01 2023-08-31 04696249 c:FullAccounts 2022-09-01 2023-08-31 04696249 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04696249 c:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04696249 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 04696249









The River Club Limited









Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2023

 
The River Club Limited
Registered number: 04696249

Statement of financial position
As at 31 August 2023

2023
Unaudited 2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
511,625
517,871

  
511,625
517,871

Current assets
  

Debtors: amounts falling due within one year
 6 
1,226,850
429,716

Cash at bank and in hand
 7 
111,384
360,356

  
1,338,234
790,072

Creditors: amounts falling due within one year
 8 
(849,497)
(512,331)

Net current assets
  
 
 
488,737
 
 
277,741

Total assets less current liabilities
  
1,000,362
795,612

  

Net assets
  
1,000,362
795,612


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
172,458
172,458

Profit and loss account
  
827,704
622,954

  
1,000,362
795,612


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




Karthikeyan Nagaraj
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 1

 
The River Club Limited
Registered number: 04696249
    
Statement of financial position (continued)
As at 31 August 2023


Page 2

 
The River Club Limited
 

Statement of changes in equity
For the Year Ended 31 August 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 September 2021
200
172,458
438,462
611,120


Comprehensive income for the year

Profit for the year

-
-
184,492
184,492


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
184,492
184,492


Total transactions with owners
-
-
-
-



At 1 September 2022
200
172,458
622,954
795,612


Comprehensive income for the year

Profit for the year

-
-
204,750
204,750


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
204,750
204,750


Total transactions with owners
-
-
-
-


At 31 August 2023
200
172,458
827,704
1,000,362


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

1.


General information

The River Club Limited is a company, limited by shares, registered in England and Wales. The company's registration number is 04696249 and has its registered office address at The River Club, Old Malden Lane, Old Malden, Surrey, KT4 7PX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1%
Straight Line
Leasehold Improvements
-
1%
Straight Line
Computer equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 6

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.


4.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 17).

Page 7

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

5.


Tangible fixed assets





Freehold property
Leasehold Improv.
Plant and machinery
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 September 2022
326,855
245,627
116,080
269,247
17,687



At 31 August 2023

326,855
245,627
116,080
269,247
17,687



Depreciation


At 1 September 2022
32,541
23,631
116,080
269,247
16,126


Charge for the year on owned assets
3,269
2,457
-
-
520



At 31 August 2023

35,810
26,088
116,080
269,247
16,646



Net book value



At 31 August 2023
291,045
219,539
-
-
1,041

Total

£



Cost or valuation


At 1 September 2022
975,496



At 31 August 2023

975,496



Depreciation


At 1 September 2022
457,625


Charge for the year on owned assets
6,246



At 31 August 2023

463,871



Net book value



At 31 August 2023
511,625

Page 8

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

6.


Debtors

2023
Unaudited 2022
£
£


Other debtors
1,217,760
403,452

Prepayments and accrued income
9,090
26,264

1,226,850
429,716



7.


Cash and cash equivalents

2023
Unaudited 2022
£
£

Cash at bank and in hand
111,384
360,356

111,384
360,356



8.


Creditors: Amounts falling due within one year

2023
Unaudited 2022
£
£

Trade creditors
115,839
144,617

Corporation tax
102,055
66,666

Other taxation and social security
63,742
61,241

Other creditors
326,014
90,433

Accruals and deferred income
241,847
149,374

849,497
512,331


2023
2022
£
£

Other taxation and social security

PAYE/NI control
7,824
6,859

VAT control
55,918
54,382

63,742
61,241


Page 9

 
The River Club Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 August 2023

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,961. Contributions totaling £1,481 (2022: £3,128) were payable to the fund at the reporting date and are included in creditors.


10.


Related party transactions

During the year, a company under common control charged management fee of £96,000 (2022: £33,000) to the company and amount due at year end of  £165,000 (2022: £69,000), which is included in  accruals. 
Trade creditors includes £80,000 (2022: £80,000) for the unpaid management fees from a connected company.   
 
During the year, the Company has provided various advances totaling £12,647 to a Company under common control and received £34,203. Amount receivable at year end of £381,895 (2022: £403,452) which is included in other debtors. This is interest free unsecured advance which is repayable on demand.
During the year, the Company repaid £203,195 and received £440,043 from a connected companies. At balance sheet date, amounts owed to the connected companies were £241,316 (2022: £4,467) which are included in other creditors. These are unsecured and interest free advances which are repayable on demand.
During the year, the Company has paid £835,855 on behalf of the director  for the purchase of property. The property has been transferred to the company after the year end. Also, director has provided various advances to the company and amount owed to the director at year end was £81,545 (2022: £81,545). This is unsecured and interest free advance which is repayable on demand.


11.


Controlling party

The company is controlled by Mr Sampath Kumar Mallaya by virtue of his shareholding in the share capital of the company.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2023 was unqualified.

The audit report was signed on 29 August 2024 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

.In the previous accounting period, the directors of the Company took advanctage of audit exemption under s477 of the Companies Act. Therefore the prior period financial statements were not subject to audit. 

 
Page 10