Registration number:
River Cottage Holdings Limited
for the Year Ended 29 September 2024
River Cottage Holdings Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
River Cottage Holdings Limited
(Registration number: 10964698)
Statement of Financial Position as at 29 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
197,500 |
197,500 |
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Share premium reserve |
1,877,991 |
1,877,991 |
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Profit and loss account |
(34,583) |
(33,895) |
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Shareholders' funds |
2,040,908 |
2,041,596 |
For the financial year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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River Cottage Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is that of a holding company.
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 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 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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Group accounts not prepared
River Cottage Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024 (continued)
2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
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.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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River Cottage Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024 (continued)
4 |
Investments (continued) |
Subsidiaries |
£ |
Cost or valuation |
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At 30 September 2023 |
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Provision |
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Carrying amount |
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At 29 September 2024 |
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At 29 September 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) are as
follows:
Undertaking
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Registered Office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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River Cottage Limited |
Park Farm Trinity Hill Road Musbury Axminster EX13 8TB |
Ordinary |
100% |
100% |
River Cottage Partnerships Limited |
Park Farm Trinity Hill Road Musbury Axminster EX13 8TB |
Ordinary |
100% |
100% |
River Cottage Stores |
Park Farm Trinity Hill Road Musbury Axminster EX13 8TB |
Ordinary |
100% |
100% |
The principal activity of River Cottage Limited is holding of events, country living and food production
courses at Park Farm.
The principal activity of River Cottage Partnerships Limited is franchising, brand licensing and book
production.
River Cottage Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024 (continued)
Debtors |
2024 |
2023 |
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Amounts owed by related parties |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
Related party transactions |
At the year end, directors owed the company a total of £485,000 (2023: £498,421) in respect of transactions.