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REGISTERED NUMBER: 03898130 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Riverswift Limited

Riverswift Limited (Registered number: 03898130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Riverswift Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs H J London
R Seton-Clements
N P London





SECRETARY: H J London





REGISTERED OFFICE: 6 Gras Close
Bretforton
Evesham
Worcestershire
WR11 7JP





REGISTERED NUMBER: 03898130 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Riverswift Limited (Registered number: 03898130)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 724 724
Cash at bank 21,167 29,622
21,891 30,346
CREDITORS
Amounts falling due within one year 6 (4,752 ) (12,189 )
NET CURRENT ASSETS 17,139 18,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,139

518,157

PROVISIONS FOR LIABILITIES (65,900 ) (65,900 )
NET ASSETS 451,239 452,257

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 326,765 326,765
Retained earnings 124,374 125,392
SHAREHOLDERS' FUNDS 451,239 452,257

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.

Riverswift Limited (Registered number: 03898130)

Balance Sheet - continued
31 December 2023


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 6 September 2024 and were signed on its behalf by:





N P London - Director


Riverswift Limited (Registered number: 03898130)

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

1. STATUTORY INFORMATION

Riverswift 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
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

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 ) .

Riverswift Limited (Registered number: 03898130)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 500,000
NET BOOK VALUE
At 31 December 2023 500,000
At 31 December 2022 500,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 192,665
Valuation in 2015 80,000
Valuation in 2016 70,000
Valuation in 2017 50,000
Cost 107,335
500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 724 724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 3,983 7,954
Other creditors 769 4,235
4,752 12,189