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RIVET MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Rivet Marketing Limited (''the company'') is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on the company information page. The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are prepared for the year ended 31 August 2024 (2023: year ended 31 August 2023).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At the year end the company has net liabilities of £6,493 (2023: net liabilites of £5,955). The shareholder and the shareholder's family have indicated their willingness to continue to support the company financially. On this basis, the financial statements have been prepared on a going concern basis.
Revenue is recognised to the extent that it is probable that economic benefits will flow to the company and that revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Income from property
Rental income is recognised on a straight line basis over the life of the relevant tenancy agreement.
Investment property is carried at fair value determined annually by the directors, after taking external advice and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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