IRIS Accounts Production v24.3.2.46 13386118 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary Share 1.00000 Ordinary A Share 1.00000 Ordinary B Share 1.00000 Ordinary C Share 1.00000 Ordinary D Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133861182023-04-30133861182024-04-30133861182023-05-012024-04-30133861182022-04-30133861182022-05-012023-04-30133861182023-04-3013386118ns15:EnglandWales2023-05-012024-04-3013386118ns14:PoundSterling2023-05-012024-04-3013386118ns10:Director12023-05-012024-04-3013386118ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013386118ns10:SmallEntities2023-05-012024-04-3013386118ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013386118ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013386118ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013386118ns10:FullAccounts2023-05-012024-04-3013386118ns10:OrdinaryShareClass12023-05-012024-04-3013386118ns10:OrdinaryShareClass22023-05-012024-04-3013386118ns10:OrdinaryShareClass32023-05-012024-04-3013386118ns10:OrdinaryShareClass42023-05-012024-04-3013386118ns10:OrdinaryShareClass52023-05-012024-04-3013386118ns10:RegisteredOffice2023-05-012024-04-3013386118ns5:CurrentFinancialInstruments2024-04-3013386118ns5:CurrentFinancialInstruments2023-04-3013386118ns5:Non-currentFinancialInstruments2024-04-3013386118ns5:Non-currentFinancialInstruments2023-04-3013386118ns5:ShareCapital2024-04-3013386118ns5:ShareCapital2023-04-3013386118ns5:RetainedEarningsAccumulatedLosses2024-04-3013386118ns5:RetainedEarningsAccumulatedLosses2023-04-3013386118ns5:Secured2024-04-3013386118ns5:Secured2023-04-3013386118ns10:OrdinaryShareClass12024-04-3013386118ns10:OrdinaryShareClass22024-04-3013386118ns10:OrdinaryShareClass32024-04-3013386118ns10:OrdinaryShareClass42024-04-3013386118ns10:OrdinaryShareClass52024-04-3013386118ns5:RetainedEarningsAccumulatedLosses2023-04-3013386118ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 13386118 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Niriv Investments Ltd

Niriv Investments Ltd (Registered number: 13386118)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Niriv Investments Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr R Daby





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 13386118 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Niriv Investments Ltd (Registered number: 13386118)

Balance Sheet
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 514,461 392,150

CURRENT ASSETS
Cash at bank and in hand 917 567

CREDITORS
Amounts falling due within one year 5 173,711 138,551
NET CURRENT LIABILITIES (172,794 ) (137,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,667

254,166

CREDITORS
Amounts falling due after more than
one year

6

356,064

262,567
NET LIABILITIES (14,397 ) (8,401 )

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 10 (14,403 ) (8,407 )
SHAREHOLDERS' FUNDS (14,397 ) (8,401 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Niriv Investments Ltd (Registered number: 13386118)

Balance Sheet - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th January 2025 and were signed by:





Mr R Daby - Director


Niriv Investments Ltd (Registered number: 13386118)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Niriv Investments Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

Niriv Investments Ltd (Registered number: 13386118)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 392,150
Additions 122,311
At 30th April 2024 514,461
NET BOOK VALUE
At 30th April 2024 514,461
At 30th April 2023 392,150

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other creditors 173,711 138,551

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans (see note 7) 356,064 262,567

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 356,064 262,567

7. LOANS

An analysis of the maturity of loans is given below:

30/4/24 30/4/23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 356,064 262,567

Niriv Investments Ltd (Registered number: 13386118)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Legal charge 356,064 81,752
- 180,815
356,064 262,567

The amount of £81,752 being owed to Charter Court Financial Services Limited at 30th April 2024 and is secured by a legal mortgage over the Company's property 13 Moffat Avenue, Jarrow, NE32 4HW.

The amount of £181,301 being owed to The Mortgage Works (UK) PLC at 30th April 2024 and is secured by a legal mortgage over the Company's property 43a Cambridge Road Southend on Sea, SS1 1ET.

The amount of £93,011 being owed to The Mortgage Lender Limited at 6th 30th April 2024 and is secured by a legal mortgage over the Company's property 8 Eden Walk Jarrow NE32 4DQ.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
2 Ordinary Share £1 2 2
1 Ordinary A Share £1 1 1
1 Ordinary B Share £1 1 1
1 Ordinary C Share £1 1 1
1 Ordinary D Share £1 1 1
6 6

10. RESERVES
Retained
earnings
£   

At 1st May 2023 (8,407 )
Deficit for the year (5,996 )
At 30th April 2024 (14,403 )