Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3011falsefalse2023-05-01No description of principal activity16trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11924826 2023-05-01 2024-04-30 11924826 2022-05-01 2023-04-30 11924826 2024-04-30 11924826 2023-04-30 11924826 c:Director1 2023-05-01 2024-04-30 11924826 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 11924826 d:Buildings d:ShortLeaseholdAssets 2024-04-30 11924826 d:Buildings d:ShortLeaseholdAssets 2023-04-30 11924826 d:PlantMachinery 2023-05-01 2024-04-30 11924826 d:PlantMachinery 2024-04-30 11924826 d:PlantMachinery 2023-04-30 11924826 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11924826 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11924826 d:CurrentFinancialInstruments 2024-04-30 11924826 d:CurrentFinancialInstruments 2023-04-30 11924826 d:Non-currentFinancialInstruments 2024-04-30 11924826 d:Non-currentFinancialInstruments 2023-04-30 11924826 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11924826 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11924826 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11924826 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11924826 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 11924826 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11924826 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 11924826 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 11924826 d:ShareCapital 2024-04-30 11924826 d:ShareCapital 2023-04-30 11924826 d:RetainedEarningsAccumulatedLosses 2024-04-30 11924826 d:RetainedEarningsAccumulatedLosses 2023-04-30 11924826 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 11924826 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11924826 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 11924826 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11924826 c:OrdinaryShareClass1 2023-05-01 2024-04-30 11924826 c:OrdinaryShareClass1 2024-04-30 11924826 c:OrdinaryShareClass1 2023-04-30 11924826 c:FRS102 2023-05-01 2024-04-30 11924826 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11924826 c:FullAccounts 2023-05-01 2024-04-30 11924826 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11924826 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11924826









RIVA LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
RIVA LONDON LIMITED
REGISTERED NUMBER: 11924826

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
160,969
200,490

  
160,969
200,490

Current assets
  

Stocks
  
10,812
7,932

Debtors: amounts falling due within one year
 5 
151,850
54,052

Cash at bank and in hand
 6 
9,538
20,135

  
172,200
82,119

Creditors: amounts falling due within one year
 7 
(228,037)
(135,630)

Net current liabilities
  
 
 
(55,837)
 
 
(53,511)

Total assets less current liabilities
  
105,132
146,979

Creditors: amounts falling due after more than one year
 8 
(69,193)
(104,400)

Provisions for liabilities
  

Deferred tax
  
(10,611)
(15,141)

  
 
 
(10,611)
 
 
(15,141)

Net assets
  
25,328
27,438


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
25,228
27,338

  
25,328
27,438


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

Page 1

 
RIVA LONDON LIMITED
REGISTERED NUMBER: 11924826
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Company has opted not to file the statement of comprehensive income 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: 




Erkan Sabri Unuvar
Director

Date: 28 January 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

RIVA LONDON LIMITED is a private company limited by share capital, Incorporated in England and Wales, registration number 11924826. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
7 years straight-line
Plant and machinery
-
5 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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 is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.9

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.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

Page 5

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 11).

Page 6

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 May 2023
146,940
104,428
251,368


Additions
62,500
60,766
123,266


Disposals
(146,941)
-
(146,941)



At 30 April 2024

62,499
165,194
227,693



Depreciation


At 1 May 2023
26,138
24,740
50,878


Charge for the year on owned assets
8,928
33,056
41,984


Disposals
(26,138)
-
(26,138)



At 30 April 2024

8,928
57,796
66,724



Net book value



At 30 April 2024
53,571
107,398
160,969



At 30 April 2023
120,802
79,688
200,490


5.


Debtors

2024
2023
£
£


Other debtors
151,850
53,893

Prepayments and accrued income
-
159

151,850
54,052


Page 7

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,538
20,135

9,538
20,135



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
62,660
71,469

Trade creditors
59,974
39,681

Corporation tax
-
9,908

Other taxation and social security
37,021
11,889

Other creditors
66,062
363

Accruals and deferred income
2,320
2,320

228,037
135,630



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
69,193
104,400

69,193
104,400


Page 8

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
62,660
71,469

Amounts falling due 1-2 years

Bank loans
68,359
76,225

Amounts falling due 2-5 years

Bank loans
833
28,174


131,852
175,868


Bank loans totaling £111,019 at the year end are secured by way of charge over the all company assets. 


10.


Deferred taxation




2024


£






At beginning of year
(15,141)


Charged to profit or loss
4,530



At end of year
(10,611)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(20,406)
(15,141)

Tax losses carried forward
9,796
-

(10,610)
(15,141)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Page 9

 
RIVA LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.Share capital (continued)

100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 10