Riverview Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03122303 (England and Wales)

RIVERVIEW PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C M Christy

SECRETARY:

Ms L Belcher

REGISTERED OFFICE:

Sterling House

Fulbourne Road

London

E17 4EE

REGISTERED NUMBER:

03122303 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

7,423

729

Investment property

5

7,224,391

7,231,814

7,225,120

CURRENT ASSETS

Debtors

6

14,277

13,851

Cash at bank

10,700

17,411

24,977

31,262

CREDITORS

Amounts falling due within one year

7

1,113,144

1,111,329

NET CURRENT LIABILITIES

(1,088,167

)

(1,080,067

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,143,647

6,145,053

CREDITORS

Amounts falling due after more than one
year

8

(1,134,802

)

(1,204,585

)

PROVISIONS FOR LIABILITIES

11

(517,800

)

(517,800

)

NET ASSETS

4,491,045

4,422,668

CAPITAL AND RESERVES

Called up share capital

12

1,000

Fair value reserve

13

3,231,596

Retained earnings

13

1,258,449

1,190,072

SHAREHOLDERS' FUNDS

4,491,045

4,422,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 September 2025 and were signed by:

Mr C M Christy - Director

1.	STATUTORY INFORMATION

Riverview Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

17,127

915

18,042

Additions

10,062

289

10,351

At 31 December 2024

27,189

1,204

28,393

DEPRECIATION

At 1 January 2024

16,405

908

17,313

Charge for year

3,559

98

3,657

At 31 December 2024

19,964

1,006

20,970

NET BOOK VALUE

At 31 December 2024

7,225

198

7,423

At 31 December 2023

722

7

729

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

7,224,391

NET BOOK VALUE

At 31 December 2024

7,224,391

At 31 December 2023

7,224,391

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

1,345,717

Valuation in 2016

1,042,063

Valuation in 2017

230,000

Valuation in 2018

221,000

Valuation in 2020

101,000

Valuation in 2021

(691,000

)

Valuation in 2022

1,517,000

Cost

3,458,611

7,224,391

Investment properties were valued on fair value basis on 31 December 2023 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

11,267

10,799

Prepayments

3,010

3,052

14,277

13,851

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 9)

133,269

134,929

Other creditors

2,816

Tax

17,139

11,440

Other creditors

5,125

Amount owed to related company

4,000

Directors' current accounts

938,426

932,140

Accruals and deferred income

12,369

20,879

1,113,144

1,111,329

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans (see note 9)

1,134,802

1,204,585

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

721,051

761,451

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank loans

133,269

134,929

Amounts falling due between one and two years:

Bank loans - 1-2 years

117,862

133,282

Amounts falling due between two and five years:

Bank loans - 2-5 years

295,889

309,852

Amounts falling due in more than five years:

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

721,051

761,451

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

1,268,071

1,339,514

The bank loans are secured by first legal charges over the company's assets and personal guarantees and indemnities given by the director.

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

517,800

Deferred

tax

£

Balance at 1 January 2024

517,800

Balance at 31 December 2024

517,800

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1,000

Ordinary

£1

1,000

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 January 2024

1,190,072

3,231,596

4,421,668

Profit for the year

68,377

At 31 December 2024

1,258,449

3,231,596

4,490,045

14.	ULTIMATE CONTROLLING PARTY

Mr Christy, the director, controls the company by holding 100% of the issued ordinary share capital.