Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueRental income2023-04-18false5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14810995 2023-04-17 14810995 2023-04-18 2023-12-31 14810995 2022-04-18 2023-04-17 14810995 2023-12-31 14810995 c:Director2 2023-04-18 2023-12-31 14810995 c:Director3 2023-04-18 2023-12-31 14810995 d:CurrentFinancialInstruments 2023-12-31 14810995 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14810995 d:ShareCapital 2023-12-31 14810995 d:RetainedEarningsAccumulatedLosses 2023-12-31 14810995 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 14810995 c:OrdinaryShareClass1 2023-04-18 2023-12-31 14810995 c:OrdinaryShareClass1 2023-12-31 14810995 c:FRS102 2023-04-18 2023-12-31 14810995 c:AuditExempt-NoAccountantsReport 2023-04-18 2023-12-31 14810995 c:FullAccounts 2023-04-18 2023-12-31 14810995 c:PrivateLimitedCompanyLtd 2023-04-18 2023-12-31 14810995 e:PoundSterling 2023-04-18 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14810995














GH RIVIERA LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 18 APRIL 2023 TO 31 DECEMBER 2023

 
GH RIVIERA LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
GH RIVIERA LTD
REGISTERED NUMBER:14810995

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Stocks
 4 
674,337

Debtors: amounts falling due within one year
 5 
48,383

Cash at bank and in hand
 6 
13,155

  
735,875

Creditors: amounts falling due within one year
 7 
(769,510)

Net current liabilities
  
 
 
(33,635)

Total assets less current liabilities
  
(33,635)

  

Net liabilities
  
(33,635)


Capital and reserves
  

Called up share capital 
 9 
1

Profit and loss account
  
(33,636)

  
(33,635)


1

 
GH RIVIERA LTD
REGISTERED NUMBER:14810995
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dion Constantine Michael
Abel Leaman
Director
Director


Date: 28 November 2024

The notes on pages 3 to 6 form part of these financial statements.

2

 
GH RIVIERA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

GH Riviera Ltd is a private company, limited by shares, registered in England and Wales, registration number 14810995. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is 17 Grosvenor Hill, Mayfair, London, W1K 3QB.
The principal activity of the company is that of property trading.
The company was incorporated on 18 April 2023 and commenced trading on the same date.
The company presents its results for the the period from incorporation on 18 April 2023 to 31 December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least 12 months. On the basis, the directors are satisfied that the financial statements should be prepared on an ongoing basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
GH RIVIERA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4

 
GH RIVIERA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 5.


4.


Stocks

2023
£

Property stock
674,337



5.


Debtors

2023
£


Amounts owed by group undertakings
37,171

Deferred taxation
11,212

48,383



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
13,155



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
24,146

Amounts owed to group undertakings
466,917

Other creditors
275,448

Accruals
2,999

769,510


5

 
GH RIVIERA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Deferred taxation



2023


£






Charged to profit or loss
11,212



At end of year
11,212

The deferred tax asset is made up as follows:

2023
£


Tax losses carried forward
11,212


9.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1
1


1 Ordinary share of £1 was issued on incorporation at an aggregate nominal value of £1.


10.


Related party transactions

Included in amounts owed to group undertakings are loans owed to the parent company totalling £21,152. The loans are interest free and repayable on demand. 
Loans owed by other group companies total £27,128. The loans are interest free and repayable on demand.
Included in other creditors are loans from companies under the control of the directors totalling £275,448. The loans are interest free and repayable on demand.
No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.

 
6