Company Registration No. 05042889 (England and Wales)
Riverdance Acquisition Limited
Unaudited financial statements
for the year ended 29 March 2025
Pages for filing with the registrar
Riverdance Acquisition Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Riverdance Acquisition Limited
Statement of financial position
As at 29 March 2025
1
29 March 2025
30 March 2024
Notes
£'000
£'000
£'000
£'000
Current assets
Debtors
4
2,190
2,190
Creditors: amounts falling due within one year
5
(75)
(75)
Net current assets
2,115
2,115
Capital and reserves
Called up share capital
6
39,965
39,965
Share premium account
3,783
3,783
Profit and loss reserves
(41,633)
(41,633)
Total equity
2,115
2,115
The directors of the Company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 29 March 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 December 2025 and are signed on its behalf by:
K Kyprianou
Director
Company Registration No. 05042889
Riverdance Acquisition Limited
Notes to the financial statements
For the year ended 29 March 2025
2
1
Accounting policies
Company information
Riverdance Acquisition Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kindred House, 17 Hartfield Road, London, SW19 3SE.
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 amounts in these financial statements are rounded to the nearest £'000.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The Company has not traded during the year or the preceding financial period. During this time, the Company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.
2
Employees
The average monthly number of persons (including directors) employed by the Company during the year was:
2025
2024
Number
Number
Total
3
Taxation
The Company has unrecognised deferred tax assets of £278,700 (2024 - £278,700) in respect of unutilised losses on the basis that their future economic benefit is uncertain.
4
Debtors
2025
2024
Amounts falling due within one year:
£'000
£'000
Amounts owed by group undertakings
2,190
2,190
Riverdance Acquisition Limited
Notes to the financial statements (continued)
For the year ended 29 March 2025
3
5
Creditors: amounts falling due within one year
2025
2024
£'000
£'000
Amounts owed to group undertakings
75
75
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£'000
£'000
Issued and fully paid
Ordinary shares of £1 each
39,965,334
39,965,334
39,965
39,965
7
Financial commitments, guarantees and contingent liabilities
The Company has granted a fixed and floating charge over its assets in favour of Theo Paphitis Funding Limited in respect of the Company's and fellow group companies' obligations under the £12,000,000 loan agreement. At 29 March 2025 amounts outstanding and covered by this arrangement totalled £5,400,000 (2024 - £5,400,000).
8
Related party transactions
The Company is controlled by Cleeve Court Holdings Limited, which owns 100% of the issued share capital. The Company's ultimate controlling party is Theo Paphitis who has the control of the majority of the issued share capital of Fivefathers Holdings Limited, the ultimate parent company at the year end. The Company is a wholly owned subsidiary of Fivefathers Holdings Limited and has taken advantage of the exception conferred by FRS102 paragraph 33.1A not to disclose transactions with Fivefathers Holdings Limited or other wholly owned subsidiaries within the group.
9
Parent company
The Company's ultimate parent company was Fivefathers Holdings Limited, which is the parent of both the smallest and largest groups of which the Company is a member. Fivefathers Holdings Limited is registered in Cyprus and a copy of its financial statements can be obtained from its registered office at Pindou 4, Egkomi, CY-2409 Nicosia, Cyprus.
At 29 March 2025 the Company was a wholly owned subsidiary of Cleeve Court Holdings Limited, a company incorporated in England and Wales.
The directors consider Theo Paphitis to be the ultimate controlling party.