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REGISTERED NUMBER: 03292919 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

RIVERCOURT PROPERTIES LIMITED

RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERCOURT PROPERTIES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr A A Rottenberg
Mr J Sternlight





SECRETARY: Mrs R Sternlight





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 03292919 (England and Wales)





ACCOUNTANTS: Martin + Heller
Chartered Accountants
5 North End Road
London
NW11 7RJ

RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12 16
Investment property 5 600,000 600,000
600,012 600,016

CURRENT ASSETS
Debtors 6 465,303 413,861
Cash at bank 2,903 156
468,206 414,017
CREDITORS
Amounts falling due within one year 7 15,906 30,331
NET CURRENT ASSETS 452,300 383,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,312

983,702

CREDITORS
Amounts falling due after more than one
year

8

(190,332

)

(122,130

)

PROVISIONS FOR LIABILITIES (86,513 ) (86,513 )
NET ASSETS 775,467 775,059

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 9 369,666 369,666
Retained earnings 9 405,701 405,293
SHAREHOLDERS' FUNDS 775,467 775,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)

Balance Sheet - continued
31 January 2024


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 30 September 2024 and were signed on its behalf by:





Mr J Sternlight - Director


RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rivercourt 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 gross rental income (excluding value added tax).

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 - 25% 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 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 (2023 - 2 ) .

RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 2,508
DEPRECIATION
At 1 February 2023 2,492
Charge for year 4
At 31 January 2024 2,496
NET BOOK VALUE
At 31 January 2024 12
At 31 January 2023 16

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 600,000
NET BOOK VALUE
At 31 January 2024 600,000
At 31 January 2023 600,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2005 118,679
Valuation in 2015 237,500
Valuation in 2016 100,000
Cost 143,821
600,000

No independent valuation of freehold properties were carried out. The properties have been included in the accounts at the directors opinion of the open market value at the balance sheet date. The directors base their valuation on the available market information of similar properties in the same locality having regard to any special characteristics of the property held by the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade Debtors - 2,388
Other debtors 106,201 65,886
Spearglade Ltd 359,102 343,987
VAT - 1,600
465,303 413,861

RIVERCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03292919)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,520 5,617
Trade creditors - 9,125
Tax 2,963 6,740
VAT 575 -
Directors' current accounts 4,598 6,848
Accrued expenses 3,250 2,001
15,906 30,331

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 4,520 4,520
Bank loans - 2-5 years 13,560 13,560
Bank loan >5 years 172,252 104,050
190,332 122,130

Amounts falling due in more than five years:

Repayable by instalments
Bank loan >5 years 172,252 104,050

9. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 February 2023 405,293 369,666 774,959
Profit for the year 408 - 408
At 31 January 2024 405,701 369,666 775,367

10. RELATED PARTY DISCLOSURES

The Company has a Joint Venture agreement with Dafaday Property Services Limited, a Company in which Mr J Sternlight has a controlling interest.