IRIS Accounts Production v25.1.4.42 SC794898 Board of Directors 11.1.24 31.1.25 31.1.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7948982024-01-10SC7948982025-01-31SC7948982024-01-112025-01-31SC7948982024-01-10SC794898ns15:Scotland2024-01-112025-01-31SC794898ns14:PoundSterling2024-01-112025-01-31SC794898ns10:Director12024-01-112025-01-31SC794898ns10:PrivateLimitedCompanyLtd2024-01-112025-01-31SC794898ns10:SmallEntities2024-01-112025-01-31SC794898ns10:AuditExemptWithAccountantsReport2024-01-112025-01-31SC794898ns10:SmallCompaniesRegimeForDirectorsReport2024-01-112025-01-31SC794898ns10:SmallCompaniesRegimeForAccounts2024-01-112025-01-31SC794898ns10:FullAccounts2024-01-112025-01-31SC794898ns10:Director22024-01-112025-01-31SC794898ns10:RegisteredOffice2024-01-112025-01-31SC794898ns5:CurrentFinancialInstruments2025-01-31SC794898ns5:Non-currentFinancialInstruments2025-01-31SC794898ns5:ShareCapital2025-01-31SC794898ns5:FurtherSpecificReserve3ComponentTotalEquity2025-01-31SC794898ns5:RetainedEarningsAccumulatedLosses2025-01-31SC794898ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-31SC794898ns5:Secured2025-01-31
REGISTERED NUMBER: SC794898 (Scotland)





















Unaudited Financial Statements

For The Period 11 January 2024 to 31 January 2025

for

Riverford Property Investments Limited

Riverford Property Investments Limited (Registered number: SC794898)






Contents of the Financial Statements
For The Period 11 January 2024 to 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Riverford Property Investments Limited

Company Information
For The Period 11 January 2024 to 31 January 2025







DIRECTORS: G Findlay
Mrs S Findlay





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC794898 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Riverford Property Investments Limited (Registered number: SC794898)

Balance Sheet
31 January 2025

Notes £    £   
FIXED ASSETS
Investment property 4 200,000

CURRENT ASSETS
Debtors 5 1,364
Cash at bank 867
2,231
CREDITORS
Amounts falling due within one year 6 50,177
NET CURRENT LIABILITIES (47,946 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,054

CREDITORS
Amounts falling due after more than one year 7 (150,050 )

PROVISIONS FOR LIABILITIES (476 )
NET ASSETS 1,528

CAPITAL AND RESERVES
Called up share capital 100
Fair value reserve 9 6,474
Retained earnings (5,046 )
1,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Riverford Property Investments Limited (Registered number: SC794898)

Balance Sheet - continued
31 January 2025


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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





G Findlay - Director


Riverford Property Investments Limited (Registered number: SC794898)

Notes to the Financial Statements
For The Period 11 January 2024 to 31 January 2025

1. STATUTORY INFORMATION

Riverford Property Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Financial instruments
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.

Creditors
Short term trade 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.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Riverford Property Investments Limited (Registered number: SC794898)

Notes to the Financial Statements - continued
For The Period 11 January 2024 to 31 January 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
Management have reviewed the financial position of the business and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 193,050
Revaluations 6,950
At 31 January 2025 200,000
NET BOOK VALUE
At 31 January 2025 200,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 6,950
Cost 193,050
200,000

If Investment Property had not been revalued it would have been included at the following historical cost:

£   
Cost 193,050

Investment Property was valued on an open market basis on 9 May 2025 by Paragon .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,364

Riverford Property Investments Limited (Registered number: SC794898)

Notes to the Financial Statements - continued
For The Period 11 January 2024 to 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 50,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 150,050

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 150,050

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 150,050

Paragon Bank PLC

Flat 3/1 41 Riverford road Glasgow G43 1RX

SC79 4898 0001

9. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 6,950
Deferred tax on revaluation (476 )

At 31 January 2025 6,474

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Riverford Property Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Riverford Property Investments Limited for the period ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Riverford Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Riverford Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Riverford Property Investments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Riverford Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Riverford Property Investments Limited. You consider that Riverford Property Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Riverford Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


21 May 2025