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Registered number: 13415425
City Riverview Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Newcastle Accountancy
Chartered Management Accountants And Tax Advisers
32 Grainger Park Road
Newcastle Upon Tyne
NE4 8SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13415425
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,011,145 2,006,753
2,011,145 2,006,753
CURRENT ASSETS
Cash at bank and in hand 24 2,037
24 2,037
Creditors: Amounts Falling Due Within One Year 6 (1,508,062 ) (2,139,235 )
NET CURRENT ASSETS (LIABILITIES) (1,508,038 ) (2,137,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 503,107 (130,445 )
Creditors: Amounts Falling Due After More Than One Year 7 (700,000 ) -
NET LIABILITIES (196,893 ) (130,445 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (196,993 ) (130,545 )
SHAREHOLDERS' FUNDS (196,893) (130,445)
Page 1
Page 2
For the year ending 31 May 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 HADI ALI
Director
Mr AMAR JABER
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
City Riverview Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13415425 . The registered office is Pj's Hotel Station Road, Percy Main, North Shields, Tyne And Wear, NE29 6HN.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 1,904,229 68,875 48,772 2,021,876
Additions 17,920 19,656 - 37,576
As at 31 May 2024 1,922,149 88,531 48,772 2,059,452
Depreciation
As at 1 June 2023 - 6,841 8,282 15,123
Provided during the period - 20,991 12,193 33,184
As at 31 May 2024 - 27,832 20,475 48,307
Net Book Value
As at 31 May 2024 1,922,149 60,699 28,297 2,011,145
As at 1 June 2023 1,904,229 62,034 40,490 2,006,753
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Alcaso Properties Ltd and Cassia Silverlink Ltd 6,362 102,663
Smallburn Properties Ltd 109,769 166,478
N Jaber and A Beale 370,935 377,965
ISH NE Properties Ltd 113,181 155,802
Dana NE Properties Ltd 112,475 161,064
Hdi NE Properties Ltd 125,348 159,232
Sambuca Blyth Ltd and Sambuca Cramlington Ltd 16,540 291,784
Dalton Lodge Ltd 198,310 189,302
DH Benvenuto Ltd 108,395 202,292
Quay Cassia Ltd 212,672 201,568
Rental Deposit - Whitley Bay 25,000 15,000
Accruals and deferred income 3,875 9,884
Directors' loan accounts 105,200 106,200
1,508,062 2,139,235
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 700,000 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4