REGISTERED NUMBER: 08544637 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RIVERSIDE FISH AND CHIPS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Taranjit Singh Dhaliwal

REGISTERED OFFICE:

Hawthorn House

Highley

NR Bridgnorth

Shropshire

WV16 6LQ

REGISTERED NUMBER:

08544637 (England and Wales)

ACCOUNTANTS:

Ark&Co Ltd

Chartered Accountants & Chartered Tax Advisers

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

154

181

154

181

CURRENT ASSETS

Stocks

415

546

Debtors

6

9,691

9,223

Cash at bank and in hand

838

2,730

10,944

12,499

CREDITORS

Amounts falling due within one year

7

221,712

218,799

NET CURRENT LIABILITIES

(210,768

)

(206,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(210,614

)

(206,119

)

CREDITORS

Amounts falling due after more than one year

8

-

6,799

NET LIABILITIES

(210,614

)

(212,918

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(210,615

)

(212,919

)

SHAREHOLDERS' FUNDS

(210,614

)

(212,918

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 October 2025 and were signed by:

Mr Taranjit Singh Dhaliwal - Director

1.	STATUTORY INFORMATION

Riverside Fish and Chips Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

153,000

AMORTISATION

At 1 November 2023

and 31 October 2024

153,000

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2023

and 31 October 2024

1,007

DEPRECIATION

At 1 November 2023

826

Charge for year

27

At 31 October 2024

853

NET BOOK VALUE

At 31 October 2024

154

At 31 October 2023

181

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

591

123

Other debtors

9,100

9,100

9,691

9,223

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

6,672

6,839

Trade creditors

983

1,180

Tax

834

1,668

VAT

33,874

22,792

Other creditors

108,661

115,711

Directors' current accounts

66,544

66,631

Accrued expenses

4,144

3,978

221,712

218,799

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

-

4,766

Bank loans - 2-5 years

-

2,033

-

6,799

9.	ULTIMATE CONTROLLING PARTY

The controlling party is The Paper Shop (Highley) Ltd.