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Registration number: 09620193

Riverlight Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Riverlight Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Financial Statements | 4 to 9

Riverlight Limited

Company Information

Directors | D J Ambrose A R Ambrose

Registered office | Salatin House 19 Cedar Road Sutton England SM2 5DA

Accountants | Shaw Gibbs Limited Salatin House 19 Cedar Road Sutton SM2 5DA

Riverlight Limited

(Registration number: 09620193)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Non-current assets |  |  |
Intangible assets | 4 | 301,998 | 317,998
Property, plant and equipment | 5 | 3,591 | 2,968
|  | 305,589 | 320,966
Current assets |  |  |
Inventories | 6 | 4,500 | 4,500
Receivables | 7 | 15,210 | 15,209
Cash at bank and in hand |  | 24,505 | 54,227
|  | 44,215 | 73,936
Payables: Amounts falling due within one year | 8 | (67,766) | (116,462)
Net current liabilities |  | (23,551) | (42,526)
Total assets less current liabilities |  | 282,038 | 278,440
Payables: Amounts falling due after more than one year | 8 | (76,875) | (86,810)
Provisions for liabilities |  | (829) | (673)
Net assets |  | 204,334 | 190,957
Equity |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 204,234 | 190,857
Shareholders' funds |  | 204,334 | 190,957

Riverlight Limited

(Registration number: 09620193)
Statement of Financial Position as at 31 March 2025 (continued)

For the financial year ending 31 March 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 Income statement.

The financial statements of Riverlight Limited were approved and authorised for issue by the Board on 9 October 2025 and signed on its behalf by:

.........................................

D J Ambrose
Director

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025

1 | General information

Riverlight Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2 | Accounting policies

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.

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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Revenue

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is net of Value Added Tax

Tax

The tax expense for the period comprises current 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 income 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.

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class | Depreciation method and rate
Plant and machinery | 33% on cost
Furniture and fittings | 20% on cost
Computer equipment | 33% on cost

Goodwill

Goodwill is amortised over its useful life of 7 years.

Intangible assets

The costs of acquiring the franchise fee operated by the company is capitalised and amortised evenly over it's life of 5 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and subject to an insignificant risk of change in value.

Receivables

Trade receivables 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 receivable 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.

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Payables

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

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 13).

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025 (continued)

4 | Intangible assets

| Goodwill £
Cost
At 1 April 2024 | 391,466
At 31 March 2025 | 391,466
Amortisation
At 1 April 2024 | 73,468
Amortisation charge | 16,000
At 31 March 2025 | 89,468
Carrying amount
At 31 March 2025 | 301,998
At 31 March 2024 | 317,998

5 | Property, plant and equipment

| Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost
At 1 April 2024 | 13,122 | 22,460 | 35,582
Additions | 3,214 | - | 3,214
At 31 March 2025 | 16,336 | 22,460 | 38,796
Depreciation
At 1 April 2024 | 12,746 | 19,868 | 32,614
Charge for the year | 1,298 | 1,293 | 2,591
At 31 March 2025 | 14,044 | 21,161 | 35,205
Carrying amount
At 31 March 2025 | 2,292 | 1,299 | 3,591
At 31 March 2024 | 376 | 2,592 | 2,968

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025 (continued)

6 | Inventories

| 2025 £ | 2024 £
Other inventories | 4,500 | 4,500

7 | Receivables

| 2025 £ | 2024 £
Trade receivables | 9,257 | 9,256
Prepayments | 5,953 | 5,953
| 15,210 | 15,209

Riverlight Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025 (continued)

8 | Payables

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 10,454 | 9,906
Trade payables | 1,261 | 2,001
Social security and other taxes | 24,450 | 23,469
Other payables | 3,157 | 46,937
Accruals | 2,370 | 7,939
Income tax liability | 26,074 | 26,210
| 67,766 | 116,462
Due after one year |  |
Loans and borrowings | 76,875 | 86,810

9 | Share capital and reserves

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 50 | 50 | 50 | 50
Ordinary B shares of £1 each | 50 | 50 | 50 | 50
| 100 | 100 | 100 | 100

Rights of shares
Different rates of dividends may be declared for each class of share and dividends may be declared for one class of share and not for the other class.
The shares rank pari passu in all other aspects.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.