REGISTERED NUMBER: 02110923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE RIVERFRONT YORK LTD

Page

Report of the Accountant

1

Balance Sheet

2

Notes to the Financial Statements

4

The following reproduces the text of the report prepared for the director 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 Director 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 the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, 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 the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company 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 profit of the company. You consider that the company 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 the company. 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.

Fortus Limited

Equinox House, Clifton Park

Shipton Road

York

Yorkshire

YO30 5PA

1 December 2025

FIXED ASSETS

Tangible assets

4

2,124,510

1,970,709

CURRENT ASSETS

Stocks

10,149

8,044

Debtors

5

12,324

17,168

Cash at bank and in hand

66,196

32,191

88,669

57,403

CREDITORS

Amounts falling due within one year

6

272,497

126,027

NET CURRENT LIABILITIES

(183,828

)

(68,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,940,682

1,902,085

CREDITORS

Amounts falling due after more than one year

7

1,948,311

1,704,283

NET (LIABILITIES)/ASSETS

(7,629

)

197,802

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

385,108

385,108

Retained earnings

(393,737

)

(188,306

)

SHAREHOLDERS' FUNDS

(7,629

)

197,802

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 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 1 December 2025 and were signed by:

Mrs K Cook - Director

1.	STATUTORY INFORMATION

The Riverfront York Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02110923

Registered office:

Ferry Lane

Bishopthorpe

York

YO23 2SB

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.

Freehold property

-

nil

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% 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.

The company has total trading losses of £1,095,798 (2024 : £893,563) available to offset against future trading 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.

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

1,576,134

880,848

9,905

2,466,887

Additions

154,825

92,331

21,558

268,714

Disposals

-

-

(563

)

(563

)

At 31 December 2024

1,730,959

973,179

30,900

2,735,038

DEPRECIATION

At 1 January 2024

-

486,355

9,823

496,178

Charge for year

-

109,787

5,126

114,913

Eliminated on disposal

-

-

(563

)

(563

)

At 31 December 2024

-

596,142

14,386

610,528

NET BOOK VALUE

At 31 December 2024

1,730,959

377,037

16,514

2,124,510

At 31 December 2023

1,576,134

394,493

82

1,970,709

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,212

17,168

Other debtors

5,112

-

12,324

17,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,500

5,500

Trade creditors

37,083

35,949

Taxation and social security

38,719

84,578

Other creditors

191,195

-

272,497

126,027

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,400

11,372

Other creditors

1,943,911

1,692,911

1,948,311

1,704,283

8.	RELATED PARTY DISCLOSURES

Included within creditors due within a year there is a balance of £155,000 owing to Carnaby Property Services Limited which owns 100% of the share capital of The Riverfront York Ltd.

9.	ULTIMATE CONTROLLING PARTY

The company is wholly owned subsidiary of Carnaby Property Services Limited, a company registered in England and Wales, which is the immediate and ultimate parent undertaking, Carnaby Property Services Limited is not required to prepare group accounts.