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Company No: 11178614 (England and Wales)

RIVIERA FARMS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

RIVIERA FARMS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

RIVIERA FARMS LIMITED

BALANCE SHEET

As at 30 April 2024
RIVIERA FARMS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 2 2
Tangible assets 4 1,746,750 1,746,750
1,746,752 1,746,752
Current assets
Debtors 5 775,988 633,981
Cash at bank and in hand 14,428 9,878
790,416 643,859
Creditors: amounts falling due within one year 6 ( 1,385,348) ( 1,447,339)
Net current liabilities (594,932) (803,480)
Total assets less current liabilities 1,151,820 943,272
Net assets 1,151,820 943,272
Capital and reserves
Called-up share capital 7 120 120
Profit and loss account 1,151,700 943,152
Total shareholders' funds 1,151,820 943,272

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Riviera Farms Limited (registered number: 11178614) were approved and authorised for issue by the Board of Directors on 30 January 2025. They were signed on its behalf by:

Mr David John Simmons
Director
RIVIERA FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
RIVIERA FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riviera Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Higher Trevaskis Farm 14 Gwinear Road, Connor Downs, Hayle, TR27 5JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 May 2023 2 42,348 42,350
At 30 April 2024 2 42,348 42,350
Accumulated amortisation
At 01 May 2023 0 42,348 42,348
At 30 April 2024 0 42,348 42,348
Net book value
At 30 April 2024 2 0 2
At 30 April 2023 2 0 2

4. Tangible assets

Land and buildings Total
£ £
Cost
At 01 May 2023 1,746,750 1,746,750
At 30 April 2024 1,746,750 1,746,750
Accumulated depreciation
At 01 May 2023 0 0
At 30 April 2024 0 0
Net book value
At 30 April 2024 1,746,750 1,746,750
At 30 April 2023 1,746,750 1,746,750

Included within the net book value of land and buildings above is £1,746,750 (2023 - £1,746,750) in respect of freehold land and buildings.

5. Debtors

2024 2023
£ £
Trade debtors 84,226 78,226
Other debtors 691,762 555,755
775,988 633,981

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 71,417 72,917
Taxation and social security 70,183 40,374
Other creditors 1,243,748 1,334,048
1,385,348 1,447,339

The company bankers and the Directors hold a charge over part of the company property.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
120 Ordinary Shares shares of £ 1.00 each 120 120