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Registration number: 12858907

Rivercroft Holdings Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Rivercroft Holdings Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Rivercroft Holdings Limited

Company Information

Directors

Mr HCA Mills

Mrs BM Mills

Company secretary

Mr HCA Mills

Registered office

29a Salisbury Road
Totton
Southampton
Hampshire
SO40 3HX

Accountants

Pyatt & Pyatt
Chartered Certified Accountants36 St Thomas Street
Lymington
Hampshire
SO41 9NE

 

Rivercroft Holdings Limited

(Registration number: 12858907)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

179,307

5,100

Current assets

 

Cash at bank and in hand

 

774

1,181

Creditors: Amounts falling due within one year

5.1

(151,618)

(415)

Net current (liabilities)/assets

 

(150,844)

766

Total assets less current liabilities

 

28,463

5,866

Accruals and deferred income

 

(600)

(600)

Net assets

 

27,863

5,266

Capital and reserves

 

Called up share capital

6

5,203

5,203

Retained earnings

22,660

63

Shareholders' funds

 

27,863

5,266

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

.........................................
Mr HCA Mills
Company secretary and director

 

Rivercroft Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
29a Salisbury Road
Totton
Southampton
Hampshire
SO40 3HX

These financial statements were authorised for issue by the Board on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Rivercroft Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

Total
£

Cost or valuation

At 1 October 2023

5,100

Additions

174,207

At 30 September 2024

179,307

Provision

Carrying amount

At 30 September 2024

179,307

At 30 September 2023

5,100

5

Creditors

Creditors: amounts falling due within one year

Creditors include a loan from a wholly owned subsidiary Audagio Services Limited of £151,207 (2023 - £0). This loan was paid back in full by 24th February 2025.

 

Rivercroft Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

5,200

5,200

5,200

5,200

L shares of £1 each

1

1

1

1

M shares of £1 each

1

1

1

1

S shares of £1 each

1

1

1

1

5,203

5,203

5,203

5,203

7

Dividends

Dividends paid

   

2024
£

 

2023
£

Dividend of £10.3385 (2023 - £18.69) per each Ordinary shares

 

53,760

 

97,180

Dividend of £4,480.00 (2023 - £8,099.00) per each L shares

 

4,480

 

8,099

Dividend of £4,480.00 (2023 - £8,099.00) per each M shares

 

4,480

 

8,099

Dividend of £4,480.00 (2023 - £8,099.00) per each S shares

 

4,480

 

8,099

   

67,200

 

121,477