2023-01-012023-12-312023-12-31false13447023COLCHESTER (RIVERSIDE) LTD2024-10-29iso4217:GBPxbrli:pure134470232023-01-01134470232023-12-31134470232023-01-012023-12-31134470232022-01-01134470232022-12-31134470232022-01-012022-12-3113447023bus:SmallEntities2023-01-012023-12-3113447023bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113447023bus:FullAccounts2023-01-012023-12-3113447023bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113447023core:WithinOneYear2023-12-3113447023core:AfterOneYear2023-12-3113447023core:WithinOneYear2022-12-3113447023core:AfterOneYear2022-12-3113447023core:ShareCapital2023-12-3113447023core:SharePremium2023-12-3113447023core:RevaluationReserve2023-12-3113447023core:OtherReservesSubtotal2023-12-3113447023core:RetainedEarningsAccumulatedLosses2023-12-3113447023core:ShareCapital2022-12-3113447023core:SharePremium2022-12-3113447023core:RevaluationReserve2022-12-3113447023core:OtherReservesSubtotal2022-12-3113447023core:RetainedEarningsAccumulatedLosses2022-12-3113447023core:LandBuildings2023-12-3113447023core:PlantMachinery2023-12-3113447023core:Vehicles2023-12-3113447023core:FurnitureFittings2023-12-3113447023core:OfficeEquipment2023-12-3113447023core:NetGoodwill2023-12-3113447023core:IntangibleAssetsOtherThanGoodwill2023-12-3113447023core:ListedExchangeTraded2023-12-3113447023core:UnlistedNon-exchangeTraded2023-12-3113447023core:LandBuildings2022-12-3113447023core:PlantMachinery2022-12-3113447023core:Vehicles2022-12-3113447023core:FurnitureFittings2022-12-3113447023core:OfficeEquipment2022-12-3113447023core:NetGoodwill2022-12-3113447023core:IntangibleAssetsOtherThanGoodwill2022-12-3113447023core:ListedExchangeTraded2022-12-3113447023core:UnlistedNon-exchangeTraded2022-12-3113447023core:LandBuildings2023-01-012023-12-3113447023core:PlantMachinery2023-01-012023-12-3113447023core:Vehicles2023-01-012023-12-3113447023core:FurnitureFittings2023-01-012023-12-3113447023core:OfficeEquipment2023-01-012023-12-3113447023core:NetGoodwill2023-01-012023-12-3113447023core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113447023core:ListedExchangeTraded2023-01-012023-12-3113447023core:UnlistedNon-exchangeTraded2023-01-012023-12-3113447023core:MoreThanFiveYears2023-01-012023-12-3113447023core:Non-currentFinancialInstruments2023-12-3113447023core:Non-currentFinancialInstruments2022-12-3113447023dpl:CostSales2023-01-012023-12-3113447023dpl:DistributionCosts2023-01-012023-12-3113447023core:LandBuildings2023-01-012023-12-3113447023core:PlantMachinery2023-01-012023-12-3113447023core:Vehicles2023-01-012023-12-3113447023core:FurnitureFittings2023-01-012023-12-3113447023core:OfficeEquipment2023-01-012023-12-3113447023dpl:AdministrativeExpenses2023-01-012023-12-3113447023core:NetGoodwill2023-01-012023-12-3113447023core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113447023dpl:GroupUndertakings2023-01-012023-12-3113447023dpl:ParticipatingInterests2023-01-012023-12-3113447023dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113447023core:ListedExchangeTraded2023-01-012023-12-3113447023dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113447023core:UnlistedNon-exchangeTraded2023-01-012023-12-3113447023dpl:CostSales2022-01-012022-12-3113447023dpl:DistributionCosts2022-01-012022-12-3113447023core:LandBuildings2022-01-012022-12-3113447023core:PlantMachinery2022-01-012022-12-3113447023core:Vehicles2022-01-012022-12-3113447023core:FurnitureFittings2022-01-012022-12-3113447023core:OfficeEquipment2022-01-012022-12-3113447023dpl:AdministrativeExpenses2022-01-012022-12-3113447023core:NetGoodwill2022-01-012022-12-3113447023core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113447023dpl:GroupUndertakings2022-01-012022-12-3113447023dpl:ParticipatingInterests2022-01-012022-12-3113447023dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113447023core:ListedExchangeTraded2022-01-012022-12-3113447023dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113447023core:UnlistedNon-exchangeTraded2022-01-012022-12-3113447023core:NetGoodwill2023-12-3113447023core:IntangibleAssetsOtherThanGoodwill2023-12-3113447023core:LandBuildings2023-12-3113447023core:PlantMachinery2023-12-3113447023core:Vehicles2023-12-3113447023core:FurnitureFittings2023-12-3113447023core:OfficeEquipment2023-12-3113447023core:AfterOneYear2023-12-3113447023core:WithinOneYear2023-12-3113447023core:ListedExchangeTraded2023-12-3113447023core:UnlistedNon-exchangeTraded2023-12-3113447023core:ShareCapital2023-12-3113447023core:SharePremium2023-12-3113447023core:RevaluationReserve2023-12-3113447023core:OtherReservesSubtotal2023-12-3113447023core:RetainedEarningsAccumulatedLosses2023-12-3113447023core:NetGoodwill2022-12-3113447023core:IntangibleAssetsOtherThanGoodwill2022-12-3113447023core:LandBuildings2022-12-3113447023core:PlantMachinery2022-12-3113447023core:Vehicles2022-12-3113447023core:FurnitureFittings2022-12-3113447023core:OfficeEquipment2022-12-3113447023core:AfterOneYear2022-12-3113447023core:WithinOneYear2022-12-3113447023core:ListedExchange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COLCHESTER (RIVERSIDE) LTD

Registered Number
13447023
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

COLCHESTER (RIVERSIDE) LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

GRAY, James Richard
HILLEN, Kenneth James Gribben
PATEL, Nilesh Suresh

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

13447023 (England and Wales)
COLCHESTER (RIVERSIDE) LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property412,146,14610,281,129
12,146,14610,281,129
Current assets
Debtors5341,838240,036
Cash at bank and on hand3,816475,534
345,654715,570
Creditors amounts falling due within one year6(9,833,546)(9,361,315)
Net current assets (liabilities)(9,487,892)(8,645,745)
Total assets less current liabilities2,658,2541,635,384
Creditors amounts falling due after one year7(1,803,437)(772,637)
Net assets854,817862,747
Capital and reserves
Called up share capital11
Revaluation reserve977,443977,443
Profit and loss account(122,627)(114,697)
Shareholders' funds854,817862,747
The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2024, and are signed on its behalf by:
GRAY, James Richard
Director
HILLEN, Kenneth James Gribben
Director

Registered Company No. 13447023
COLCHESTER (RIVERSIDE) LTD
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.
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.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the 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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
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.
2.Average number of employees

20232022
Average number of employees during the year03
3.Tangible fixed assets
4.Investment property

£
Fair value at 01 January 2310,281,129
Additions1,865,017
At 31 December 2312,146,146
5.Debtors: amounts due within one year

2023

2022

££
Other debtors315,271214,449
Prepayments and accrued income26,56725,587
Total341,838240,036
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2023

2022

££
Other creditors9,605,9959,167,824
Accrued liabilities and deferred income227,551193,491
Total9,833,5469,361,315
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts1,734,700724,598
Other creditors68,73748,039
Total1,803,437772,637
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.