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REGISTERED NUMBER: 08383146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Riverside Education Limited

Riverside Education Limited (Registered number: 08383146)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Riverside Education Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr A Copeland
Dr A Zenenga





REGISTERED OFFICE: First House
Sutton Street
Birmingham
West Midlands
B1 1PE





REGISTERED NUMBER: 08383146 (England and Wales)





ACCOUNTANTS: TAG Accountants Group Limited
Unit 8, Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

Riverside Education Limited (Registered number: 08383146)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,277,622 860,217

CURRENT ASSETS
Debtors 5 2,564,720 1,173,691
Cash at bank 515,231 1,058,501
3,079,951 2,232,192
CREDITORS
Amounts falling due within one year 6 1,034,856 257,062
NET CURRENT ASSETS 2,045,095 1,975,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,322,717

2,835,347

PROVISIONS FOR LIABILITIES 11,558 2,994
NET ASSETS 3,311,159 2,832,353

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 3,311,059 2,832,253
SHAREHOLDERS' FUNDS 3,311,159 2,832,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 29 August 2025 and were signed on its behalf by:





Mr A Copeland - Director


Riverside Education Limited (Registered number: 08383146)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Riverside Education Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 33% on reducing balance, 33% on cost and 25% on reducing balance

Taxation
Taxation for the year 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.

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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 44 ) .

Riverside Education Limited (Registered number: 08383146)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 802,930 211,215 1,014,145
Additions 397,735 61,411 459,146
At 31 August 2024 1,200,665 272,626 1,473,291
DEPRECIATION
At 1 September 2023 25,728 128,200 153,928
Charge for year 6,603 35,138 41,741
At 31 August 2024 32,331 163,338 195,669
NET BOOK VALUE
At 31 August 2024 1,168,334 109,288 1,277,622
At 31 August 2023 777,202 83,015 860,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 294,951 188,241
Other debtors 2,269,769 985,450
2,564,720 1,173,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,023 -
Taxation and social security 669,176 167,809
Other creditors 335,657 89,253
1,034,856 257,062

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ORDINARY 1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr A Copeland
Balance outstanding at start of year 233,833 68,882
Amounts advanced 9,851 164,951
Amounts repaid (237,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,684 233,833

Riverside Education Limited (Registered number: 08383146)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Dr A Zenenga
Balance outstanding at start of year 263,115 257,956
Amounts advanced 823,498 5,159
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,086,613 263,115