Company registration number 10591664 (England and Wales)
RIVERSWAN LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
RIVERSWAN LIMITED
COMPANY INFORMATION
Directors
Mr R N Hull
Mrs S P Hull
(Appointed 6 April 2025)
Mr M J R Hull
(Appointed 6 April 2025)
Mr C W Hull
(Appointed 6 April 2025)
Company number
10591664
Registered office
701 Stonehouse Park, Sperry Way
Stonehouse
Glos
GL10 3UT
Accountants
Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT
RIVERSWAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RIVERSWAN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,340
34,278
Investments
4
1,532
1,532
24,872
35,810
Current assets
Cash at bank and in hand
899,585
892,243
Creditors: amounts falling due within one year
5
(89,976)
(142,912)
Net current assets
809,609
749,331
Total assets less current liabilities
834,481
785,141
Provisions for liabilities
(4,487)
-
0
Net assets
829,994
785,141
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
829,894
785,041
Total equity
829,994
785,141

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
Mr R N Hull
Director
Company registration number 10591664 (England and Wales)
RIVERSWAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Riverswan Limited is a private company limited by shares incorporated in England and Wales. The registered office is 701 Stonehouse Park, Sperry Way, Stonehouse, Glos, GL10 3UT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on reducing balance
Motor vehicles
10% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

RIVERSWAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
RIVERSWAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
27,593
-
0
8,700
17,897
54,190
Additions
-
0
902
3,282
-
0
4,184
Disposals
-
0
-
0
-
0
(17,897)
(17,897)
At 31 March 2025
27,593
902
11,982
-
0
40,477
Depreciation and impairment
At 1 April 2024
7,578
-
0
7,571
4,763
19,912
Depreciation charged in the year
926
180
882
-
0
1,988
Eliminated in respect of disposals
-
0
-
0
-
0
(4,763)
(4,763)
At 31 March 2025
8,504
180
8,453
-
0
17,137
Carrying amount
At 31 March 2025
19,089
722
3,529
-
0
23,340
At 31 March 2024
20,015
-
0
1,129
13,134
34,278
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,532
1,532
Financial assets for which fair value cannot be measured reliably

As these shares are unlisted, there is no readily available market for them. Therefore, they are valued at cost.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
16,927
38,271
Other creditors
73,049
104,641
89,976
142,912
6
Prior period adjustment
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
RIVERSWAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Prior period adjustment
(Continued)
- 5 -
Reconciliation of changes in profit for the previous financial period
2024
£
Total adjustments
-
Profit as previously reported
442,117
Profit as adjusted
442,117
Notes to reconciliation

Fixed asset investments purchased in the previous year were not included in the original accounts.

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