Company registration number 07121904 (England and Wales)
RIVERHILL GARDENS LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2025
Pages For Filing With Registrar
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Balance Sheet
As At 31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
325
1,300
Tangible assets
4
471,101
443,423
471,426
444,723
Current assets
Stocks
2,730
6,535
Debtors
5
1,637
1,800
Cash at bank and in hand
55,204
36,011
59,571
44,346
Creditors: amounts falling due within one year
6
(100,311)
(93,780)
Net current liabilities
(40,740)
(49,434)
Total assets less current liabilities
430,686
395,289
Creditors: amounts falling due after more than one year
7
(172,364)
(184,263)
Provisions for liabilities
(9,739)
(6,475)
Net assets
248,583
204,551
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
248,581
204,549
Total equity
248,583
204,551
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Balance Sheet (Continued)
As At 31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
Mr JE Rogers
Director
Company registration number 07121904 (England and Wales)
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Notes To The Financial Statements
For The Year Ended 31 January 2025
- 3 -
1
Accounting policies
Company information

Riverhill Gardens Limited is a private company limited by shares incorporated in England and Wales. The registered office is Riverhill House, Riverhill, Sevenoaks, TN15 0RR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
25% straight line basis
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
No depreciation is provided
Plant and equipment
10% straight line basis
Fixtures and fittings
33% straight line basis
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 January 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 January 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

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

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
11
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 January 2025
- 6 -
3
Intangible fixed assets
Website
£
Cost
At 1 February 2024 and 31 January 2025
3,900
Amortisation and impairment
At 1 February 2024
2,600
Amortisation charged for the year
975
At 31 January 2025
3,575
Carrying amount
At 31 January 2025
325
At 31 January 2024
1,300
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2024
484,536
67,428
42,652
4,000
598,616
Additions
22,802
9,535
2,274
-
0
34,611
Disposals
-
0
(2,292)
-
0
-
0
(2,292)
At 31 January 2025
507,338
74,671
44,926
4,000
630,935
Depreciation and impairment
At 1 February 2024
75,191
37,868
40,434
1,700
155,193
Depreciation charged in the year
-
0
4,211
2,147
575
6,933
Eliminated in respect of disposals
-
0
(2,292)
-
0
-
0
(2,292)
At 31 January 2025
75,191
39,787
42,581
2,275
159,834
Carrying amount
At 31 January 2025
432,147
34,884
2,345
1,725
471,101
At 31 January 2024
409,345
29,560
2,218
2,300
443,423
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,637
-
0
Other debtors
-
0
1,800
1,637
1,800
Riverhill Gardens Limited
RIVERHILL GARDENS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 January 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,390
6,247
Other taxation and social security
4,911
2,501
Other creditors
94,010
85,032
100,311
93,780
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
172,364
184,263
8
Directors' transactions

The directors' made interest free loans to the company and was owed £33,761 (2024: £29,203) at the end of the year.

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