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Registration number: 15209535

Rivan Industries Ltd

Unaudited Filleted Financial Statements

for the Period from 13 October 2023 to 31 October 2024

 

Rivan Industries Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Rivan Industries Ltd

Company Information

Directors

H Hodd

T Hinrikus

Registered office

Unit 4 and 5b Juno Way
London
SE14 5RW

Accountants

Balance Accounts Limited
Chartered Certified Accountants
4 Beau Street
Bath
BA1 1QY

 

Rivan Industries Ltd

(Registration number: 15209535)
Balance Sheet as at 31 October 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

74,907

Investments

5

1

 

74,908

Current assets

 

Debtors

6

137,903

Cash at bank and in hand

 

188,861

 

326,764

Creditors: Amounts falling due within one year

7

(180,080)

Net current assets

 

146,684

Total assets less current liabilities

 

221,592

Creditors: Amounts falling due after more than one year

7

(150,000)

Net assets

 

71,592

Capital and reserves

 

Called up share capital

8

1

Share premium reserve

470,001

Retained earnings

(398,410)

Shareholders' funds

 

71,592

For the financial period ending 31 October 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 period 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.

 

Rivan Industries Ltd

(Registration number: 15209535)
Balance Sheet as at 31 October 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 July 2025 and signed on its behalf by:
 

.........................................
H Hodd
Director

 

Rivan Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 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:
Unit 4 and 5b Juno Way
London
SE14 5RW

These financial statements were authorised for issue by the Board on 12 July 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 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Rivan Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Office equipment

3 years straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Rivan Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

4,793

74,025

78,818

At 31 October 2024

4,793

74,025

78,818

Depreciation

Charge for the period

424

3,487

3,911

At 31 October 2024

424

3,487

3,911

Carrying amount

At 31 October 2024

4,369

70,538

74,907

 

Rivan Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024

5

Investments

2024
£

Investments in subsidiaries

1

Subsidiaries

£

Cost or valuation

Additions

1

Provision

Carrying amount

At 31 October 2024

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Rivan Industries Energy park 01 Ltd

Unit 4 And 5b Juno Way,
London SE14 5RW

United Kingdom

Ordinary

100%

The subsidiary company was incorporated on 24 October 2024 and was dormant at the year end.

The group qualifies as a small group in the period and under the Companies Act 2006 it is not required to prepare consolidated accounts. The company has chosen to apply this exemption.

6

Debtors

Note

2024
£

Other debtors

 

7,846

Prepayments

 

2,653

Deferred tax assets

34,347

Income tax asset

93,057

 

137,903

 

Rivan Industries Ltd

Notes to the Unaudited Financial Statements for the Period from 13 October 2023 to 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

47,398

Amounts due to related parties

9

74,717

Social security and other taxes

 

36,594

Outstanding defined contribution pension costs

 

3,712

Accruals

 

17,659

 

180,080

Due after one year

 

Loans and borrowings

150,000

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1

   

During the year the Company received funds under an Advanced Share Agreement (ASA). These totalled £470,001 and are shown in the Share Premium Account. The Company closed its first investment round on 18th November 2024.

9

Related party transactions

Other transactions with directors

During the year the director, H Hodd made a loan to the company and at the year end the balance owing to him was £224,717. £150,000 of this loan is not due for repayment within 12 months and is shown in long term creditors.

This loan is interest free and due for repayment upon demand.