REGISTERED NUMBER: 01570096 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LA RIVIERE LIMITED

TRADING AS

BORDERS FARM

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

H P J Kruisinga

H J G Kruisinga

SECRETARY:

H J G Kruisinga

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

01570096 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

2,203,714

2,206,060

Investments

5

53,739

53,739

2,257,453

2,259,799

CURRENT ASSETS

Stocks

94,541

93,961

Debtors

6

53,926

65,754

Cash at bank

303,222

428,957

451,689

588,672

CREDITORS

Amounts falling due within one year

7

6,545,776

6,640,005

NET CURRENT LIABILITIES

(6,094,087

)

(6,051,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,836,634

)

(3,791,534

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,836,734

)

(3,791,634

)

SHAREHOLDERS' FUNDS

(3,836,634

)

(3,791,534

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

H P J Kruisinga - Director

1.	STATUTORY INFORMATION

La Riviere 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of milk, livestock, contracting income and the relevant grants and subsidies, excluding value added tax.

Tangible fixed assets

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

Leasehold property

-

2% on cost

Leasehold Farm Buildings

-

2% on cost

Plant & Equipment

-

20% on reducing balance

Motor Vehicles & Tractors

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. Stocks have been valued professionally by BTF Partnership LLP, Surveyors, Auctioneer's and Land Agents of Challock, Ashford as at 31 December 2024.

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 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Leasehold

Farm

Plant &

property

Buildings

Equipment

£

£

£

COST

At 1 January 2024

2,523,995

639,412

405,676

Additions

-

8,250

25,279

Disposals

-

-

-

At 31 December 2024

2,523,995

647,662

430,955

DEPRECIATION

At 1 January 2024

799,436

354,598

380,846

Charge for year

50,479

12,953

10,022

At 31 December 2024

849,915

367,551

390,868

NET BOOK VALUE

At 31 December 2024

1,674,080

280,111

40,087

At 31 December 2023

1,724,559

284,814

24,830

Fixtures

Motor

and

Vehicles

fittings

& Tractors

Herd

Totals

£

£

£

£

COST

At 1 January 2024

178,469

192,968

140,766

4,081,286

Additions

-

-

64,967

98,496

Disposals

-

-

(23,917

)

(23,917

)

At 31 December 2024

178,469

192,968

181,816

4,155,865

DEPRECIATION

At 1 January 2024

159,826

180,520

-

1,875,226

Charge for year

981

2,490

-

76,925

At 31 December 2024

160,807

183,010

-

1,952,151

NET BOOK VALUE

At 31 December 2024

17,662

9,958

181,816

2,203,714

At 31 December 2023

18,643

12,448

140,766

2,206,060

5.	INVESTMENTS

Listed &

Unlisted

Investments

£

COST

At 1 January 2024

and 31 December 2024

53,739

NET BOOK VALUE

At 31 December 2024

53,739

At 31 December 2023

53,739

The unlisted trade investments are stated at cost and in the opinion of the directors this does not exceed market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

30,522

22,615

Other debtors

4,789

7,368

VAT

18,615

35,771

53,926

65,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

83,842

61,160

Tax

9,415

10,801

Social security and other taxes

10,711

9,498

Other creditors

3,463

14,150

Cross Options Beheer BV

2,573,255

2,689,105

Fontridge Manor Farm Limited

88,800

98,800

Current account - La Riviere

Holding Company Limited

3,218,251

3,218,251

Directors' current accounts

542,066

528,489

Accruals and deferred income

15,973

9,751

6,545,776

6,640,005

8.	RELATED PARTY DISCLOSURES

Included within Directors' current accounts are the following amounts:

H P J Kruisinga £279,786

H J G Kruisinga £262,383

There are no terms attached to these loans.

The company's holding company is La Riviere Holdings Company Ltd, a company registered in Jersey. The ultimate controllers of the company are Rozel Trustees (Channel Islands) Ltd, a company registered in Jersey. The inter-company current account is disclosed in the notes.

HJG Kruisinga and HPJ Kruisinga are the directors of Cross Options Beheer BV, Cross Options (UK) Ltd and Fontridge Manor Farm Ltd. The amounts owed to and by these companies is disclosed in the notes.

The property situated in The Netherlands is rented out at a commercial rent to Cross Options Beheer BV.

The person with significant control is C M R Prive.

During the year ending 31 December 2024, Fontridge Manor Farm Limited was paid £95,040 by La Riviere Limited for Contract Rearing.

La Riviere Ltd has a loan due to Cross Options Beheer B.V. in The Netherlands, the loan value is £2,573,255 (€3,100,000). Interest of £52,591 (€62,000) has been charged in the year. The term of the loan is 10 years, no guarantees have been set.

No other transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standards for Smaller Entities

9.	GOING CONCERN

The Directors have confirmed that they will continue to financially support the company until at least 31 December 2027.

The directors consider that the going concern basis is the most appropriate basis for the preparation of these accounts. Consequently, no adjustments need be made to reduce assets to their recoverable amount nor to provide for any liabilities not already accrued for in these accounts.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of La Riviere Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of La Riviere Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of La Riviere Limited and state those matters that we have agreed to state to the Board of Directors of La Riviere Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than La Riviere Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that La Riviere Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of La Riviere Limited. You consider that La Riviere Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of La Riviere Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

1 December 2025