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REGISTERED NUMBER: 11412951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RIVERDALE HOLDINGS LTD

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RIVERDALE HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: N E Stern





REGISTERED OFFICE: 19a Belfast Road
London
N16 6UN





REGISTERED NUMBER: 11412951 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 86 101
Investment property 5 1,796,665 1,532,107
1,796,751 1,532,208

CURRENT ASSETS
Debtors 6 34,331 50,352
Cash at bank - 70
34,331 50,422
CREDITORS
Amounts falling due within one year 7 (349,436 ) (299,097 )
NET CURRENT LIABILITIES (315,105 ) (248,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,481,646

1,283,533

CREDITORS
Amounts falling due after more than one
year

8

(1,387,571

)

(1,188,751

)

PROVISIONS FOR LIABILITIES (19,725 ) (19,725 )
NET ASSETS 74,350 75,057

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 103,813 103,813
Retained earnings 12 (29,464 ) (28,757 )
SHAREHOLDERS' FUNDS 74,350 75,057

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





N E Stern - Director


RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Riverdale Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 228
DEPRECIATION
At 1 July 2023 127
Charge for year 15
At 30 June 2024 142
NET BOOK VALUE
At 30 June 2024 86
At 30 June 2023 101

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,532,107
Additions 264,558
At 30 June 2024 1,796,665
NET BOOK VALUE
At 30 June 2024 1,796,665
At 30 June 2023 1,532,107

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 103,813
Cost 1,692,852
1,796,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 10,139 5,250
Other debtors 24,192 45,102
34,331 50,352

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 559 -
Trade creditors 175 5,175
Taxation and social security 162 75
Other creditors 348,540 293,847
349,436 299,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 1,346,239 1,147,339
Other creditors 41,332 41,412
1,387,571 1,188,751

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,346,239 1,147,339

Repayable by instalments
Other loans more 5yrs instal 41,332 41,412

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 559 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,346,239 1,147,339

Repayable by instalments
Other loans more 5yrs instal 41,332 41,412

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,346,239 1,147,339
Other loans 41,332 41,412
1,387,571 1,188,751

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £41,332 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

RIVERDALE HOLDINGS LTD (REGISTERED NUMBER: 11412951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 (28,757 ) 103,813 75,056
Deficit for the year (707 ) (707 )
At 30 June 2024 (29,464 ) 103,813 74,349

13. ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.