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REGISTERED NUMBER: 03122303 (England and Wales)












RIVERVIEW PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

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 4


RIVERVIEW PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr C M Christy





SECRETARY: Ms L Belcher





REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE





REGISTERED NUMBER: 03122303 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 729 860
Investment property 5 7,224,391 7,224,391
7,225,120 7,225,251

CURRENT ASSETS
Debtors 6 13,851 13,882
Cash at bank 17,411 14,535
31,262 28,417
CREDITORS
Amounts falling due within one year 7 1,111,329 1,048,724
NET CURRENT LIABILITIES (1,080,067 ) (1,020,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,145,053

6,204,944

CREDITORS
Amounts falling due after more than one
year

8

(1,204,585

)

(1,310,769

)

PROVISIONS FOR LIABILITIES 11 (517,800 ) (517,800 )
NET ASSETS 4,422,668 4,376,375

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Fair value reserve 13 3,231,596 3,231,596
Retained earnings 13 1,190,072 1,143,779
SHAREHOLDERS' FUNDS 4,422,668 4,376,375

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 director acknowledges his 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.

RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 26 September 2024 and were signed by:





Mr C M Christy - Director


RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Riverview Properties 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
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.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 17,127 915 18,042
DEPRECIATION
At 1 January 2023 16,277 905 17,182
Charge for year 128 3 131
At 31 December 2023 16,405 908 17,313
NET BOOK VALUE
At 31 December 2023 722 7 729
At 31 December 2022 850 10 860

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 7,224,391
NET BOOK VALUE
At 31 December 2023 7,224,391
At 31 December 2022 7,224,391

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 1,345,717
Valuation in 2016 1,042,063
Valuation in 2017 230,000
Valuation in 2018 221,000
Valuation in 2020 101,000
Valuation in 2021 (691,000 )
Valuation in 2022 1,517,000
Cost 3,458,611
7,224,391

Investment properties were valued on fair value basis on 31 December 2023 by the director .

RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 10,799 10,799
Prepayments 3,052 3,083
13,851 13,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 134,929 107,154
Other creditors 2,816 2,816
Tax 11,440 15,635
Other creditors 5,125 5,125
Amount owed to related company 4,000 13,240
Directors' current accounts 932,140 895,656
Accruals and deferred income 20,879 9,098
1,111,329 1,048,724

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 1,204,585 1,310,769

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 761,451 950,855

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 134,929 107,154

Amounts falling due between one and two years:
Bank loans - 1-2 years 133,282 105,380

Amounts falling due between two and five years:
Bank loans - 2-5 years 309,852 254,534

Amounts falling due in more than five years:

RIVERVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03122303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. LOANS - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 761,451 950,855

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 1,339,514 1,417,923

The bank loans are secured by first legal charges over the company's assets and personal guarantees and indemnities given by the director.

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 517,800 517,800

Deferred
tax
£   
Balance at 1 January 2023 517,800
Balance at 31 December 2023 517,800

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 1,143,779 3,231,596 4,375,375
Profit for the year 46,293 46,293
At 31 December 2023 1,190,072 3,231,596 4,421,668

14. ULTIMATE CONTROLLING PARTY

Mr Christy, the director, controls the company by holding 100% of the issued ordinary share capital.