2023-01-012023-12-312023-12-31false12352194RIVINGTON STORAGE LIMITED2024-09-2542220iso4217:GBPxbrli:pure123521942023-01-01123521942023-12-31123521942023-01-012023-12-31123521942022-01-01123521942022-12-31123521942022-01-012022-12-3112352194bus:SmallEntities2023-01-012023-12-3112352194bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112352194bus:FullAccounts2023-01-012023-12-3112352194bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112352194core:WithinOneYear2023-12-3112352194core:AfterOneYear2023-12-3112352194core:WithinOneYear2022-12-3112352194core:AfterOneYear2022-12-3112352194core:ShareCapital2023-12-3112352194core:SharePremium2023-12-3112352194core:RevaluationReserve2023-12-3112352194core:OtherReservesSubtotal2023-12-3112352194core:RetainedEarningsAccumulatedLosses2023-12-3112352194core:ShareCapital2022-12-3112352194core:SharePremium2022-12-3112352194core:RevaluationReserve2022-12-3112352194core:OtherReservesSubtotal2022-12-3112352194core:RetainedEarningsAccumulatedLosses2022-12-3112352194core:LandBuildings2023-12-3112352194core:PlantMachinery2023-12-3112352194core:Vehicles2023-12-3112352194core:FurnitureFittings2023-12-3112352194core:OfficeEquipment2023-12-3112352194core:NetGoodwill2023-12-3112352194core:IntangibleAssetsOtherThanGoodwill2023-12-3112352194core:ListedExchangeTraded2023-12-3112352194core:UnlistedNon-exchangeTraded2023-12-3112352194core:LandBuildings2022-12-3112352194core:PlantMachinery2022-12-3112352194core:Vehicles2022-12-3112352194core:FurnitureFittings2022-12-3112352194core:OfficeEquipment2022-12-3112352194core:NetGoodwill2022-12-3112352194core:IntangibleAssetsOtherThanGoodwill2022-12-3112352194core:ListedExchangeTraded2022-12-3112352194core:UnlistedNon-exchangeTraded2022-12-3112352194core:LandBuildings2023-01-012023-12-3112352194core:PlantMachinery2023-01-012023-12-3112352194core:Vehicles2023-01-012023-12-3112352194core:FurnitureFittings2023-01-012023-12-3112352194core:OfficeEquipment2023-01-012023-12-3112352194core:NetGoodwill2023-01-012023-12-3112352194core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112352194core:ListedExchangeTraded2023-01-012023-12-3112352194core:UnlistedNon-exchangeTraded2023-01-012023-12-3112352194core:MoreThanFiveYears2023-01-012023-12-3112352194core:Non-currentFinancialInstruments2023-12-3112352194core:Non-currentFinancialInstruments2022-12-3112352194dpl:CostSales2023-01-012023-12-3112352194dpl:DistributionCosts2023-01-012023-12-3112352194core:LandBuildings2023-01-012023-12-3112352194core:PlantMachinery2023-01-012023-12-3112352194core:Vehicles2023-01-012023-12-3112352194core:FurnitureFittings2023-01-012023-12-3112352194core:OfficeEquipment2023-01-012023-12-3112352194dpl:AdministrativeExpenses2023-01-012023-12-3112352194core:NetGoodwill2023-01-012023-12-3112352194core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112352194dpl:GroupUndertakings2023-01-012023-12-3112352194dpl:ParticipatingInterests2023-01-012023-12-3112352194dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112352194core:ListedExchangeTraded2023-01-012023-12-3112352194dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112352194core:UnlistedNon-exchangeTraded2023-01-012023-12-3112352194dpl:CostSales2022-01-012022-12-3112352194dpl:DistributionCosts2022-01-012022-12-3112352194core:LandBuildings2022-01-012022-12-3112352194core:PlantMachinery2022-01-012022-12-3112352194core:Vehicles2022-01-012022-12-3112352194core:FurnitureFittings2022-01-012022-12-3112352194core:OfficeEquipment2022-01-012022-12-3112352194dpl:AdministrativeExpenses2022-01-012022-12-3112352194core:NetGoodwill2022-01-012022-12-3112352194core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112352194dpl:GroupUndertakings2022-01-012022-12-3112352194dpl:ParticipatingInterests2022-01-012022-12-3112352194dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112352194core:ListedExchangeTraded2022-01-012022-12-3112352194dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112352194core:UnlistedNon-exchangeTraded2022-01-012022-12-3112352194core:NetGoodwill2023-12-3112352194core:IntangibleAssetsOtherThanGoodwill2023-12-3112352194core:LandBuildings2023-12-3112352194core:PlantMachinery2023-12-3112352194core:Vehicles2023-12-3112352194core:FurnitureFittings2023-12-3112352194core:OfficeEquipment2023-12-3112352194core:AfterOneYear2023-12-3112352194core:WithinOneYear2023-12-3112352194core:ListedExchangeTraded2023-12-3112352194core:UnlistedNon-exchangeTraded2023-12-3112352194core:ShareCapital2023-12-3112352194core:SharePremium2023-12-3112352194core:RevaluationReserve2023-12-3112352194core:OtherReservesSubtotal2023-12-3112352194core:RetainedEarningsAccumulatedLosses2023-12-3112352194core:NetGoodwill2022-12-3112352194core:IntangibleAssetsOtherThanGoodwill2022-12-3112352194core:LandBuildings2022-12-3112352194core:PlantMachinery2022-12-3112352194core:Vehicles2022-12-3112352194core:FurnitureFittings2022-12-3112352194core:OfficeEquipment2022-12-3112352194core:AfterOneYear2022-12-3112352194core:WithinOneYear2022-12-3112352194core:ListedExchangeTraded2022-12-3112352194core:UnlistedNon-exchangeTraded2022-12-3112352194core:ShareCapital2022-12-3112352194core:SharePremium2022-12-3112352194core:RevaluationReserve2022-12-3112352194core:OtherReservesSubtotal2022-12-3112352194core:RetainedEarningsAccumulatedLosses2022-12-3112352194core:NetGoodwill2022-01-0112352194core:IntangibleAssetsOtherThanGoodwill2022-01-0112352194core:LandBuildings2022-01-0112352194core:PlantMachinery2022-01-0112352194core:Vehicles2022-01-0112352194core:FurnitureFittings2022-01-0112352194core:OfficeEquipment2022-01-0112352194core:AfterOneYear2022-01-0112352194core:WithinOneYear2022-01-0112352194core:ListedExchangeTraded2022-01-0112352194core:UnlistedNon-exchangeTraded2022-01-0112352194core:ShareCapital2022-01-0112352194core:SharePremium2022-01-0112352194core:RevaluationReserve2022-01-0112352194core:OtherReservesSubtotal2022-01-0112352194core:RetainedEarningsAccumulatedLosses2022-01-0112352194core:AfterOneYear2023-01-012023-12-3112352194core:WithinOneYear2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112352194core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112352194core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112352194core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3112352194core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3112352194core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3112352194bus:Director12023-01-012023-12-3112352194bus:Director22023-01-012023-12-31

RIVINGTON STORAGE LIMITED

Registered Number
12352194
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RIVINGTON STORAGE LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

HUGHES, Michael John
NEWMAN, Andrew Jonathan Charles

Registered Address

Level 4 Ldn:W
3 Noble Street
London
EC2V 7EE

Registered Number

12352194 (England and Wales)
RIVINGTON STORAGE LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments3155,057155,057
155,057155,057
Current assets
Stocks414,283-
Debtors5539,233
Cash at bank and on hand3,792395
18,1289,628
Creditors amounts falling due within one year6(249,856)(217,656)
Net current assets (liabilities)(231,728)(208,028)
Total assets less current liabilities(76,671)(52,971)
Net assets(76,671)(52,971)
Capital and reserves
Profit and loss account(76,671)(52,971)
Shareholders' funds(76,671)(52,971)
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
HUGHES, Michael John
Director
Registered Company No. 12352194
RIVINGTON STORAGE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The principal activity of the company is the development of solar and storage projects across the UK.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard and the Companies Act 2006.
Going concern
During the year ended 31 December 2023 the company made a loss of £23,700 and at 31 December 2023 had net liabilities of £76,671. Based on detailed profits and cashflow forecasts prepared for the company and group the directors believe it is appropriate to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 23155,057155,057
At 31 December 23155,057155,057
Net book value
At 31 December 23155,057155,057
At 31 December 22155,057155,057

Notes

1Investments in group undertakings and participating interests
4.Stocks

2023

2022

££
Work in progress14,283-
Total14,283-
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-7
Amounts owed by group undertakings-9,034
Other debtors53192
Total539,233
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-360
Amounts owed to related parties249,856207,713
Other creditors-9,583
Total249,856217,656
7.Share capital
1 Ordinary share of £0.01 is allotted, called up and fully paid (2022- 1).
8.Controlling party
The ultimate parent company is Rivington Investments Limited. The immediate parent company of the company is Rivington Energy (Management) Limited. The smallest and largest group to consolidate the accounts of the company is Rivington Energy (Management) Limited who registered office is Level 4, LDN:W, 3 Noble Street, London, EC2V 7EE. A copy of the group accounts can be obtained from Companies House.