Rivertrade Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04033415

Rivertrade Limited

Filleted Unaudited Financial Statements

31 March 2025

Rivertrade Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	197,523	202,561
Investments	6	10,176,357	10,103,063
		-------------	-------------
		10,373,880	10,305,624

Current assets

Debtors	7	7,628,467	10,238,548
Cash at bank and in hand		139,032	423,915
		------------	-------------
		7,767,499	10,662,463

Creditors: amounts falling due within one year	8	95,001		86,353
		------------		-------------
Net current assets			7,672,498	10,576,110
			-------------	-------------
Total assets less current liabilities			18,046,378	20,881,734

Creditors: amounts falling due after more than one year	9	21,645,690	23,088,076
		-------------	-------------
Net liabilities		( 3,599,312)	( 2,206,342)
		-------------	-------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 3,599,314)	( 2,206,344)
	------------	------------
Shareholders deficit	( 3,599,312)	( 2,206,342)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have 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 Act with respect to accounting records and the preparation of financial statements .

Rivertrade Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

JM Kinder

Director

Company registration number: 04033415

Rivertrade Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 56 Thornhill Square, London, N1 1BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have confirmed the continued support of the major creditor of the company and believe that preparing the accounts on going concern basis is wholly appropriate.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents loan interest and dividends receivable, fees and other investment income, exclusive of Value Added Tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	2% straight line
Fixtures & Fittings	-	25% straight line
Office Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finacial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	269,500	113,111	48,277	430,888
Additions	–	–	780	780
	---------	---------	--------	---------
At 31 March 2025	269,500	113,111	49,057	431,668
	---------	---------	--------	---------
Depreciation
At 1 April 2024	68,009	113,111	47,207	228,327
Charge for the year	5,392	–	426	5,818
	---------	---------	--------	---------
At 31 March 2025	73,401	113,111	47,633	234,145
	---------	---------	--------	---------
Carrying amount
At 31 March 2025	196,099	–	1,424	197,523
	---------	---------	--------	---------
At 31 March 2024	201,491	–	1,070	202,561
	---------	---------	--------	---------

6. Investments

	Investments
	£
Cost
At 1 April 2024	10,103,063
Additions	769,364
	-------------
At 31 March 2025	10,872,427
	-------------
Impairment
At 1 April 2024	–
Impairment losses	696,070
	-------------
At 31 March 2025	696,070
	-------------

Carrying amount
At 31 March 2025	10,176,357
	-------------
At 31 March 2024	10,103,063
	-------------

7. Debtors

	2025	2024
	£	£
Trade debtors	145,745	154,292
Other debtors	7,482,722	10,084,256
	------------	-------------
	7,628,467	10,238,548
	------------	-------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,145	–
Trade creditors	3,947	10
Social security and other taxes	3,082	5,349
Other creditors	86,827	80,994
	--------	--------
	95,001	86,353
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	21,645,690	23,088,076
	-------------	-------------

10. Related party transactions

The company was under the control of JM Kinder throughout the year. JM Kinder is the managing director and majority shareholder. At the year end the company owed £20,400,311 to JM Kinder (2024: £21,451,987). This figure is included within other creditors in note 10. The following companies are related parties of Rivertrade Limited due to JM Kinder exerting significant influence over them. Rivertrade has provided (or received) loans to/(from) these companies and received interest income during the period.

	Loan Balance	Interest Charge
		£
Bayshield Ltd	27,500	–
Riskspace Group Limited	1,191,326	88,930

The following company is a related party as they are a subsidiary of Rivertrade Limited. Rivertrade Limited has provided this company with loans and received interest income during the period.

		Loan Balance	Interest Charge
		£	£

	Milecourt Ltd	596,695

The following company is a related party as they are an associate of Rivertrade Limited. Rivertrade Limited has provided this company with loans and received interest income during the period.

	Loan Balance	Interest Charge
	£	£
Clever Vending Ltd	23,000	–
Vending Services (SE)	733,223	–
Macchiavalley UK	150,194	–
Axitech Group Ltd	1,575,320	–