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Registered number: 13280862










Riverview Energy Ltd










Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Riverview Energy Ltd
Registered number: 13280862

Balance Sheet
As at 30 September 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
61,617

  
-
61,617

Creditors: amounts falling due within one year
 5 
-
(22,226)

Net current assets
  
 
 
-
 
 
39,391

Total assets less current liabilities
  
-
39,391

  

Net assets
  
-
39,391


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(1)
39,390

  
-
39,391


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 statement of income and retained earnings 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: 




S Jennissen
Director

Date: 10 February 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Riverview Energy Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

1.


General information

Riverview Energy Ltd is a private company limited by shares and is incorporated in England with the registration number 13280862. The address of the registered office is Century Wharf, Crayford Creek, Dartford, DA1 4QG.
The financial statements are presented for the 12 month period ended 30 September 2024. The comparative period presented is for the 9 months ended 30 September 2023 and therefore the amounts presented (including the related notes) are not entirely comparable. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the exact timings are not yet known at the date of approval of these financial statements, the Directors have determined that they ultimately intend to liquidate the Company. These financial statements are therefore prepared on a basis other than going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pounds sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
Riverview Energy Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Taxation

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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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

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.


3.


Employees




The Company has no employees other than the Directors, who did not receive any remuneration (2023 - £NIL).

Page 3

 
Riverview Energy Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
60,000

Other debtors
-
1,617

-
61,617



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
21,176

Accruals and deferred income
-
1,050

-
22,226



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

The company is exempt from disclosing related party transactions with other companies that are wholly owned within the group.
All other related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.

Page 4

 
Riverview Energy Ltd
 

 
Notes to the Financial Statements
For the year ended 30 September 2024

8.


Controlling party

The company is a wholly owned subsidiary of N&P Alternative Fuels Ltd, a company incorporated in England.
The Company is part of the the N&P Group, the parent of which, is N&P Beheer BV. N&P Beheer BV is the smallest group for which consolidated financial statements are prepared. Copies of the consolidated financial statements are publicly available from the company's registered office at Berkstraat 28, 5854GW Bergen, The Netherlands.
The N&P Group is majority owed by Mercuria Energy Group Limited, a limited liability company incorporated in Republic of Cyprus. Mercuria Energy Group Limited and its subsidiaries are referred to as the “Mercuria Group”. The consolidated financial statements of Mercuria Group, prepared in accordance with International Financial Report Standards as adopted by EU, are available to the public and can be found with the Cyprus Register of Commerce or can be obtained from 8 Simou Menardou Street, Ria Court 8, 3rd Floor Office 302, 6015 Lamaca, Cyprus. Mercuria Energy Group Limited is controlled by MDJ Partnership registered in Guernsey which is the ultimate controlling party.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

We draw attention to note 2.2 in the financial statements, which explains that the Directors intend to liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. 
Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2.2.
Our opinion is not modified in respect of this matter.

The audit report was signed on 13 February 2025 by Mark Attwood FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.


Page 5