Registration number: 00300481

River Head Estates Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

River Head Estates Limited

Company Information

Directors

B Sedman T W Hallam

Company secretary

B Sedman

Registered office

26 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1LW

Solicitors

Bridge McFarland LLP 19 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1JE

Accountants

Forrester Boyd Chartered Accountants26 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1LW

River Head Estates Limited

(Registration number: 00300481)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	275,000	275,000
Other financial assets	5	997,248	1,030,500
		1,272,248	1,305,500
Current assets
Debtors	6	20,727	3,294
Cash at bank and in hand		41,479	58,822
		62,206	62,116
Creditors: Amounts falling due within one year	7	(11,798)	(19,824)
Net current assets		50,408	42,292
Total assets less current liabilities		1,322,656	1,347,792
Provisions for liabilities		(69,034)	(80,741)
Net assets		1,253,622	1,267,051
Capital and reserves
Called up share capital	8	3,601	3,601
Other reserves		436,418	473,259
Retained earnings		813,603	790,191
Shareholders' funds		1,253,622	1,267,051

For the financial year ending 5 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... B Sedman Company secretary and director

River Head Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

These financial statements were authorised for issue by the Board on 29 September 2025.

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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 financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

River Head Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the accounting standard, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

River Head Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 6 April 2024	275,000	275,000
At 5 April 2025	275,000	275,000
Depreciation
Carrying amount
At 5 April 2025	275,000	275,000
At 5 April 2024	275,000	275,000

Included within the net book value of land and buildings above is £275,000 (2024 - £275,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the Company's Land and Buildings was revalued on 5 April 2025 by an independent valuer.
The basis of the valuation was on an existing use basis, taking into account annual rents. This class of assets has a current value of £275,000 (2024: £275,000). The name and qualification of the independent valuer are Clark Weightman.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £37,572 (2024 - £37,572).

River Head Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2024	1,030,500	1,030,500
Fair value adjustments	(48,548)	(48,548)
Additions	157,831	157,831
Disposals	(142,535)	(142,535)
At 5 April 2025	997,248	997,248
Carrying amount
At 5 April 2025	997,248	997,248

6

Debtors

Current	2025 £	2024 £
Other debtors	20,727	3,294
	20,727	3,294

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	8,182	16,824
Other creditors	3,616	3,000
	11,798	19,824

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	3,601	3,601	3,601	3,601

River Head Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £12.30 (2024 - £11.50) per each Ordinary shares		44,292		41,411