REGISTERED NUMBER: 07620825 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

River View Cars Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss K Heath

SECRETARY:

REGISTERED OFFICE:

Unit 1A The Foundry

Commercial Rd

South Shields

Tyne and Wear

NE33 1UE

REGISTERED NUMBER:

07620825 (England and Wales)

ACCOUNTANTS:

Grosvenor Business and Accountancy Services Ltd

Unit 214

South Shields Business Works

Henry Robson Way

South Shields

Tyne and Wear

NE33 1RF

FIXED ASSETS

Tangible assets

4

-

72,710

Investment property

5

1,400,000

1,400,000

1,400,000

1,472,710

CURRENT ASSETS

Stocks

-

354,238

Debtors

6

267,812

10,489

Cash at bank

664

210,740

268,476

575,467

CREDITORS

Amounts falling due within one year

7

328,684

242,901

NET CURRENT (LIABILITIES)/ASSETS

(60,208

)

332,566

TOTAL ASSETS LESS CURRENT LIABILITIES

1,339,792

1,805,276

CREDITORS

Amounts falling due after more than one year

8

-

37,469

NET ASSETS

1,339,792

1,767,807

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,339,791

1,767,806

SHAREHOLDERS' FUNDS

1,339,792

1,767,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 October 2025 and were signed by:

Miss K Heath - Director

1.	STATUTORY INFORMATION

River View Cars 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

144,107

Disposals

(144,107

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

71,397

Charge written back

(71,397

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

72,710

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,400,000

NET BOOK VALUE

At 31 May 2025

1,400,000

At 31 May 2024

1,400,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

267,812

10,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

841

85,145

Trade creditors

-

70,374

Taxation and social security

44,383

75,228

Other creditors

283,460

12,154

328,684

242,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

-

37,469