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Registration number: OC452475

Riverhive Properties II LLP
Unaudited Filleted Financial Statements
for the period from 29 May 2024 to 31 December 2024

Riverhive Properties II LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 6
Balance Sheet | 2
Notes to the Financial Statements | 3

Riverhive Properties II LLP

Limited liability partnership information

Designated members | Swale Capital Management Ltd Whiteberry II Stansted Limited

Registered office | 10 Wrens Court 48 Victoria Road Birmingham B72 1SY

Accountants | PLW Advisors Limited Chartered Accountants Regus Building Central Boulevard Blythe Valley Park Solihull B90 8AG

Riverhive Properties II LLP

(Registration number: OC452475)
Balance Sheet as at 31 December 2024

| Note | 31 December 2024 £
Fixed assets |  |
Investments | 3 | 200
Creditors: Amounts falling due within one year | 4 | (200)
Net assets/(liabilities) attributable to members |  | -
Represented by: |  |
Total members' interests |  | -

For the year ending 31 December 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Riverhive Properties II LLP (registered number OC452475) were approved by the Board and authorised for issue on 3 September 2025. They were signed on behalf of the limited liability partnership by:

......................................... N P Mellor as authorised officer of Swale Capital Management Ltd Designated member

Riverhive Properties II LLP

Notes to the Financial Statements for the Period from 29 May 2024 to 31 December 2024

1 | 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
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 functional currency of Riverhive Properties II LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Disclosure of long or short period

These financial statements are presented for a period of less than one year in order to secure that the end of the company’s reporting period coincides with that of its subsidiary entities,

Going concern

With continued support extended by its related parties, the designated members have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future and therefore consider that it remains appropriate to prepare the financial statements on the going concern basis.

Exemption from preparing group accounts

The limited liability partnership is part of a small group. The limited liability partnership has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006, as applied to limited liability partnerships, and has not prepared group accounts.

Judgements

Preparation of the financial statements requires management to make significant judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the change takes place if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Riverhive Properties II LLP

Notes to the Financial Statements for the Period from 29 May 2024 to 31 December 2024

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 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 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.

Fixed asset 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.

2 | Particulars of employees

The average number of persons employed, under contracts of service, by the limited liability partnership during the period was 0.

3 | Investments held as fixed assets

| 2024 £
Shares in group undertakings and participating interests | 200

Shares in group undertakings and participating interests

| Subsidiary undertakings £ | Total £
Cost |  |
Additions | 200 | 200
At 31 December 2024 | 200 | 200
Net book value |  |
At 31 December 2024 | 200 | 200

Riverhive Properties II LLP

Notes to the Financial Statements for the Period from 29 May 2024 to 31 December 2024

Details of undertakings

Details of the investments in which the limited liability partnership holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking |  | Holding | Proportion of voting rights and shares held | Principal activity

Subsidiary undertakings
Riverstone Developments (Stansted) Limited | England | Ordinary £1 shares | 100% | Property development
Riverstone Developments (Dunstable) Limited | England | Ordinary £1 shares | 100% | Property development

All subsidiaries are incororated in England.

Subsidiaries

The profit for the financial period of Riverstone Developments (Stansted) Limited was Nil and the aggregate amount of capital and reserves at the end of the period was 100.
The profit for the financial period of Riverstone Developments (Dunstable) Limited was Nil and the aggregate amount of capital and reserves at the end of the period was 100.

4 | Creditors: Amounts falling due within one year

| Note | 2024 £
Amounts owed to group undertakings and undertakings in which the limited liability partnership has a participating interest | 5 | 200

Riverhive Properties II LLP

Notes to the Financial Statements for the Period from 29 May 2024 to 31 December 2024

5 | Related party transactions

Loans from related parties

2024 | Subsidiary £
Advanced | 200

Terms of loans from related parties

Unsecured, interst-free loans, repayable on demand.

6 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.