Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsefalse2023-06-2130truetrue 14951523 2023-06-20 14951523 2023-06-21 2024-11-30 14951523 2022-12-01 2023-06-20 14951523 2024-11-30 14951523 c:Director2 2023-06-21 2024-11-30 14951523 d:CurrentFinancialInstruments 2024-11-30 14951523 d:Non-currentFinancialInstruments 2024-11-30 14951523 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 14951523 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 14951523 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-11-30 14951523 d:ShareCapital 2024-11-30 14951523 d:RetainedEarningsAccumulatedLosses 2024-11-30 14951523 c:FRS102 2023-06-21 2024-11-30 14951523 c:AuditExempt-NoAccountantsReport 2023-06-21 2024-11-30 14951523 c:FullAccounts 2023-06-21 2024-11-30 14951523 c:PrivateLimitedCompanyLtd 2023-06-21 2024-11-30 14951523 2 2023-06-21 2024-11-30 14951523 e:PoundSterling 2023-06-21 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 14951523









RIVER SI 2A LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
RIVER SI 2A LIMITED
REGISTERED NUMBER: 14951523

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
45,499,567

Debtors: amounts falling due within one year
 4 
6,062,706

Cash at bank and in hand
 5 
103,229

  
51,665,502

Creditors: amounts falling due within one year
 6 
(6,976,243)

Net current assets
  
 
 
44,689,259

Total assets less current liabilities
  
44,689,259

Creditors: amounts falling due after more than one year
 7 
(45,463,410)

  

Net (liabilities)/assets
  
(774,151)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(774,152)

  
(774,151)


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 on 20 March 2025.

Prag Shah
Director

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

Page 1

 
RIVER SI 2A LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

River SI 2A Limited is a private company limited by shares, incorporated in England and Wales on 21 June 2023. The address of its registered office is DVS House, 4 Spring Villa Road, Edgware, United Kingdom, HA8 7EB. 

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

Going concern

After reviewing the company's forecast and projection, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Leased assets: the Company as lessor

Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e. the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease.

A finance lease gives rise to two types of income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts, and finance income over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 2

 
RIVER SI 2A LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 average monthly number of employees, including directors, during the period was 3.


4.


Debtors

2024
£

Due after more than one year

Finance lease receivable
45,499,567

45,499,567


2024
£

Due within one year

Trade debtors
266

Other debtors
6,034,699

Prepayments and accrued income
27,741

6,062,706


Page 3

 
RIVER SI 2A LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
103,229

103,229



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
820,878

Other creditors
5,920,000

Accruals and deferred income
235,365

6,976,243



7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
45,463,410

45,463,410



8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Other loans
45,463,410

45,463,410


Page 4

 
RIVER SI 2A LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

9.Finance lease: Lessor

During the year, the company acquired a building and immediately leased it back to the same company as part of a sale and leaseback transaction. In accordance with FRS 102, the lease has been classified as a finance lease. The lease length has been determined as 999 years and the payments are variable per the terms of the lease agreement.
As of the reporting date, a finance lease receivable of £45,499,567 has been recognised, which represents the present value of the future lease payments over the lease term. Finance lease income is recognised in the profit or loss over the life of the lease, with the income being amortised using the interest rate implicit in the lease.

2024
£

Present value of minimum lease payments receivable


Within one year
-

Between 1-5 years
-

Over 5 years
45,499,567

45,499,567


10.


Related party transactions

The company has taken advantage of the exemptions from disclosure available to subsidiary undertakings under section 33.1A of FRS 102 in connection with intra group transactions.

 
Page 5