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Company No: 08768348 (England and Wales)

RIVIERA HOT TUBS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

RIVIERA HOT TUBS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

RIVIERA HOT TUBS LIMITED

BALANCE SHEET

As at 31 December 2024
RIVIERA HOT TUBS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 66,755 75,747
66,755 75,747
Current assets
Stocks 5 253,860 280,251
Debtors 6 168,842 152,854
Cash at bank and in hand 27,479 10,996
450,181 444,101
Creditors: amounts falling due within one year 7 ( 462,256) ( 441,700)
Net current (liabilities)/assets (12,075) 2,401
Total assets less current liabilities 54,680 78,148
Creditors: amounts falling due after more than one year 8 ( 37,044) ( 58,259)
Provision for liabilities ( 9,384) ( 10,513)
Net assets 8,252 9,376
Capital and reserves
Called-up share capital 9 104 104
Share premium account 74,899 74,899
Profit and loss account ( 66,751 ) ( 65,627 )
Total shareholders' funds 8,252 9,376

For the financial 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 financial statements of Riviera Hot Tubs Limited (registered number: 08768348) were approved and authorised for issue by the Board of Directors on 19 August 2025. They were signed on its behalf by:

Mr M Collins
Director
RIVIERA HOT TUBS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
RIVIERA HOT TUBS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riviera Hot Tubs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 9 Wentworth Road, Heathfield Industrial Estate, Newton Abbot, TQ12 6TL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue based on its value of the goods and services provided to date.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Website costs 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 50 years straight line
Vehicles 20 % reducing balance
Fixtures and fittings 6.67 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 11

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 January 2024 159,386 7,580 166,966
At 31 December 2024 159,386 7,580 166,966
Accumulated amortisation
At 01 January 2024 159,386 7,580 166,966
At 31 December 2024 159,386 7,580 166,966
Net book value
At 31 December 2024 0 0 0
At 31 December 2023 0 0 0

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 41,844 2,748 99,473 11,613 155,678
Additions 0 1,140 6,021 3,271 10,432
Disposals 0 0 ( 33,328) 0 ( 33,328)
At 31 December 2024 41,844 3,888 72,166 14,884 132,782
Accumulated depreciation
At 01 January 2024 837 1,974 67,512 9,608 79,931
Charge for the financial year 837 301 6,968 1,800 9,906
Disposals 0 0 ( 23,810) 0 ( 23,810)
At 31 December 2024 1,674 2,275 50,670 11,408 66,027
Net book value
At 31 December 2024 40,170 1,613 21,496 3,476 66,755
At 31 December 2023 41,007 774 31,961 2,005 75,747

5. Stocks

2024 2023
£ £
Stocks 253,860 280,251

6. Debtors

2024 2023
£ £
Trade debtors 74,625 105,794
Amounts owed by directors 65,689 10,816
Prepayments 22,009 32,639
Other debtors 6,519 3,605
168,842 152,854

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 21,209 20,487
Trade creditors 184,512 244,564
Corporation tax 1,591 4,922
Other taxation and social security 50,013 55,867
Other creditors 204,931 115,860
462,256 441,700

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 37,044 58,259

Bank loans are secured by personal guarantees given by the directors.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
1 Ordinary C share of £ 1.00 1 1
1 Ordinary D share of £ 1.00 1 1
104 104

10. Financial commitments

Other financial commitments

2024 2023
£ £
The total amount of financial commitments not included in the balance sheet relating to operating lease commitments are 42,998 68,833

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Advances to the Directors 65,689 10,816