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RIVERSIDE WEALTH LIMITED

Registered Number
09357640
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RIVERSIDE WEALTH LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

KYLE, Malcolm

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

09357640 (England and Wales)
RIVERSIDE WEALTH LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,3661,950
1,3661,950
Current assets
Debtors67,79092,261
Cash at bank and on hand16,3974,098
84,18796,359
Creditors amounts falling due within one year(1,983)(6,923)
Net current assets (liabilities)82,20489,436
Total assets less current liabilities83,57091,386
Creditors amounts falling due after one year(89,328)(98,956)
Net assets(5,758)(7,570)
Capital and reserves
Called up share capital11
Profit and loss account(5,759)(7,571)
Shareholders' funds(5,758)(7,570)
The financial statements were approved and authorised for issue by the Director on 28 November 2024, and are signed on its behalf by:
KYLE, Malcolm
Director
Registered Company No. 09357640
RIVERSIDE WEALTH LIMITED
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.
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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232022
Average number of employees during the year10
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 232,337
At 31 December 232,337
Depreciation and impairment
At 01 January 23386
Charge for year585
At 31 December 23970
Net book value
At 31 December 231,366
At 31 December 221,950