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RIVA WINDERMERE LIMITED

Registered Number
08924709
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

RIVA WINDERMERE LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

FANNON, Stuart Michael
MONK, Colin

Registered Address

Units 1&2 Longlands Road
Bowness-On-Windermere
Windermere
LA23 3AS

Registered Number

08924709 (England and Wales)
RIVA WINDERMERE LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4161,476129,166
161,476129,166
Current assets
Stocks54,3634,363
Debtors689,892103,182
Cash at bank and on hand35,40893,673
129,663201,218
Creditors amounts falling due within one year7(240,192)(222,351)
Net current assets (liabilities)(110,529)(21,133)
Total assets less current liabilities50,947108,033
Creditors amounts falling due after one year8(119,403)(119,403)
Provisions for liabilities9-(8,300)
Net assets(68,456)(19,670)
Capital and reserves
Called up share capital100100
Profit and loss account(68,556)(19,770)
Shareholders' funds(68,456)(19,670)
The financial statements were approved and authorised for issue by the Board of Directors on 24 March 2025, and are signed on its behalf by:
FANNON, Stuart Michael
Director
MONK, Colin
Director

Registered Company No. 08924709
RIVA WINDERMERE LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-15
Plant and machinery33-
Fixtures and fittings33-
Vehicles33-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year77
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 223,7153,715
At 31 October 233,7153,715
Amortisation and impairment
At 01 November 223,7153,715
At 31 October 233,7153,715
Net book value
At 31 October 23--
At 31 October 22--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 22250,364127,9263,2641,499383,053
Additions-35,80732,9721,83970,618
At 31 October 23250,364163,73336,2363,338453,671
Depreciation and impairment
At 01 November 22141,760107,6993,0081,420253,887
Charge for year16,56114,7696,64733138,308
At 31 October 23158,321122,4689,6551,751292,195
Net book value
At 31 October 2392,04341,26526,5811,587161,476
At 31 October 22108,60420,22725679129,166
5.Stocks

2023

2022

££
Raw materials and consumables4,3634,363
Total4,3634,363
6.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings74,41791,384
Other debtors3,798100
Prepayments and accrued income11,67711,698
Total89,892103,182
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables72,10236,648
Amounts owed to related parties100,84082,141
Taxation and social security23,60059,772
Other creditors19,47219,962
Accrued liabilities and deferred income24,17823,828
Total240,192222,351
Included within other creditors is a loan which is secured by a fixed and floating charge over the company's assets - £18,000 (Oct 22 - £18,000).
8.Creditors: amounts due after one year

2023

2022

££
Other creditors119,403119,403
Total119,403119,403
Included within other creditors is a loan which is secured by a fixed and floating charge over the company's assets - £119,403 (Oct 22 - £119,403). In respect of this loan £47,403 falls due more than five years after the balance sheet date (Oct 22 - £47,403).
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-8,300
Total-8,300
10.Parent-subsidiary relationships
In respect of this company, the ultimate controlling party is High Spirits Leisure Group Limited, a company registered in England and Wales under company number 10172873. As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.
11.Further information regarding the company's financial position
The company has future operating lease commitments of £233,188 over a period of 5.5 years relating to the rental of its premises.