Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 9018259 Mr Mark Crook Mrs Carolanne Crook Mr Andrew Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9018259 2023-03-31 9018259 2024-03-31 9018259 2023-04-01 2024-03-31 9018259 frs-core:CurrentFinancialInstruments 2024-03-31 9018259 frs-core:Non-currentFinancialInstruments 2024-03-31 9018259 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 9018259 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 9018259 frs-core:MotorVehicles 2023-04-01 2024-03-31 9018259 frs-core:PlantMachinery 2024-03-31 9018259 frs-core:PlantMachinery 2023-04-01 2024-03-31 9018259 frs-core:PlantMachinery 2023-03-31 9018259 frs-core:ShareCapital 2024-03-31 9018259 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 9018259 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 9018259 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 9018259 frs-bus:SmallEntities 2023-04-01 2024-03-31 9018259 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 9018259 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 9018259 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 9018259 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 9018259 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 9018259 frs-bus:Director1 2023-04-01 2024-03-31 9018259 frs-bus:Director2 2023-04-01 2024-03-31 9018259 frs-bus:Director3 2023-04-01 2024-03-31 9018259 frs-countries:EnglandWales 2023-04-01 2024-03-31 9018259 2022-03-31 9018259 2023-03-31 9018259 2022-04-01 2023-03-31 9018259 frs-core:CurrentFinancialInstruments 2023-03-31 9018259 frs-core:Non-currentFinancialInstruments 2023-03-31 9018259 frs-core:ShareCapital 2023-03-31 9018259 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 9018259 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 9018259 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 9018259
Riverside Partnership (North West) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9018259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,143,357 6,164,774
6,143,357 6,164,774
CURRENT ASSETS
Debtors 5 89,421 168,094
Cash at bank and in hand 358,628 808,268
448,049 976,362
Creditors: Amounts Falling Due Within One Year 6 (354,278 ) (519,634 )
NET CURRENT ASSETS (LIABILITIES) 93,771 456,728
TOTAL ASSETS LESS CURRENT LIABILITIES 6,237,128 6,621,502
Creditors: Amounts Falling Due After More Than One Year 7 (1,500,000 ) (2,253,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (82,948 ) (88,303 )
NET ASSETS 4,654,180 4,280,032
CAPITAL AND RESERVES
Called up share capital 10 104 104
Fair Value Reserve 11 235,469 235,469
Profit and Loss Account 4,418,607 4,044,459
SHAREHOLDERS' FUNDS 4,654,180 4,280,032
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Crook
Director
Mr Andrew Wright
Director
19/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Riverside Partnership (North West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9018259 . The registered office is Suite A, Bentley Farm Lane, Higher Whitley, Warrington, Cheshire, WA4 4QW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 6,077,739 208,365 6,286,104
Additions - 6,667 6,667
As at 31 March 2024 6,077,739 215,032 6,292,771
Depreciation
As at 1 April 2023 - 121,330 121,330
Provided during the period - 28,084 28,084
As at 31 March 2024 - 149,414 149,414
Net Book Value
As at 31 March 2024 6,077,739 65,618 6,143,357
As at 1 April 2023 6,077,739 87,035 6,164,774
Cost or valuation as at 31 March 2024 represented by:
Investment Properties Plant & Machinery Total
£ £ £
At cost 5,775,726 215,032 5,990,758
At valuation 302,013 - 302,013
6,077,739 215,032 6,292,771
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,106 149,855
Prepayments and accrued income - 15,924
Other debtors 2,315 2,315
89,421 168,094
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,463 44,307
Bank loans and overdrafts - 270,000
Corporation tax 130,739 108,629
Other taxes and social security 56,369 45,923
Other creditors 110,707 50,775
Directors' loan accounts 2,000 -
354,278 519,634
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 2,253,167
Other creditors 1,500,000 -
1,500,000 2,253,167
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 2,573,167
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 16,404 21,759
Other timing differences 66,544 66,544
82,948 88,303
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
11. Reserves
Fair Value Reserve
£
As at 1 April 2023 235,469
As at 31 March 2024 235,469
The fair value reserve represents the cumulative fair value gains and losses in respect of investment properties and their associated deferred tax.
Page 5