2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 488 488 73 73 415 242,984 37,016 280,000 280,000 242,984 xbrli:pure xbrli:shares iso4217:GBP 14313529 2024-01-01 2024-12-31 14313529 2024-12-31 14313529 2023-12-31 14313529 2022-08-23 2023-12-31 14313529 2023-12-31 14313529 2022-08-22 14313529 core:PlantMachinery 2024-01-01 2024-12-31 14313529 bus:Director2 2024-01-01 2024-12-31 14313529 core:PlantMachinery 2024-12-31 14313529 core:WithinOneYear 2024-12-31 14313529 core:WithinOneYear 2023-12-31 14313529 core:ShareCapital 2024-12-31 14313529 core:ShareCapital 2023-12-31 14313529 core:OtherReservesSubtotal 2024-12-31 14313529 core:RetainedEarningsAccumulatedLosses 2024-12-31 14313529 core:RetainedEarningsAccumulatedLosses 2023-12-31 14313529 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 14313529 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 14313529 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 14313529 core:Non-currentFinancialInstruments 2024-12-31 14313529 core:Non-currentFinancialInstruments 2023-12-31 14313529 bus:Director1 2024-01-01 2024-12-31 14313529 bus:SmallEntities 2024-01-01 2024-12-31 14313529 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14313529 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14313529 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14313529 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 14313529
RIVERHALE PROPERTIES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
RIVERHALE PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
415
Investments
6
280,000
242,984
---------
---------
280,415
242,984
CURRENT ASSETS
Debtors
7
1,862
Cash at bank and in hand
46,921
49,997
--------
--------
48,783
49,997
CREDITORS: amounts falling due within one year
8
321,658
316,885
---------
---------
NET CURRENT LIABILITIES
272,875
266,888
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
7,540
( 23,904)
PROVISIONS
1,034
-------
--------
NET ASSETS/(LIABILITIES)
6,506
( 23,904)
-------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Other reserves
35,982
Profit and loss account
( 29,576)
( 24,004)
--------
--------
SHAREHOLDERS FUNDS/(DEFICIT)
6,506
( 23,904)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RIVERHALE PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
Mr S Carter
Director
Company registration number: 14313529
RIVERHALE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover represents the amount received from rents receivable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 January 2024
Additions
488
----
At 31 December 2024
488
----
Depreciation
At 1 January 2024
Charge for the year
73
----
At 31 December 2024
73
----
Carrying amount
At 31 December 2024
415
----
At 31 December 2023
----
6. INVESTMENTS
Investment Property
£
Cost
At 1 January 2024
242,984
Revaluations
37,016
---------
At 31 December 2024
280,000
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
280,000
---------
At 31 December 2023
242,984
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
1,567
Other debtors
295
-------
----
1,862
-------
----
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
299
Other creditors
321,359
316,885
---------
---------
321,658
316,885
---------
---------
9. RELATED PARTY TRANSACTIONS
The directors have advanced monies to the company. At 31 December 2024 the amount due from the company was £319,534 (2023 - £315,485).
10. GOING CONCERN
The directors have considered the period to 31 May 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.