REGISTERED NUMBER: 03399597 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RIVERINA INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C M Torello Viera

A A E Bozzo

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

03399597 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

London

W21HY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,533

27,052

Investments

6

189,000

189,000

Investment property

7

21,563,565

21,484,490

21,815,098

21,700,542

CURRENT ASSETS

Debtors

8

5,695,058

1,572,283

Investments

9

465,995

325,788

Cash at bank and in hand

1,013,698

854,305

7,174,751

2,752,376

CREDITORS

Amounts falling due within one year

10

7,484,584

8,033,113

NET CURRENT LIABILITIES

(309,833

)

(5,280,737

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,505,265

16,419,805

CAPITAL AND RESERVES

Called up share capital

14,036,527

14,036,527

Retained earnings

7,468,738

2,383,278

SHAREHOLDERS' FUNDS

21,505,265

16,419,805

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 2 December 2025 and were signed on its behalf by:

Mrs C M Torello Viera - Director

1.	STATUTORY INFORMATION

Riverina Investments 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 financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve month from the approval of these accounts..

Preparation of consolidated financial statements

The financial statements contain information about Riverina Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the net invoiced value of rents and services receivable excluding value added tax.

Revenue from a rental contract to provide services is recognised in the period in which the services are provided in accordance with the contract.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Motor vehicles

-

25% reducing balance

Computer equipment

-

50% straight line

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, trade and other creditors and bank and other loans.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in Euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.47753 to the sterling. The Share Capital is therefore a sterling debt of the company.

Current asset investments

Current asset investments are stated at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

€

COST

At 1 January 2024

and 31 December 2024

1,733

AMORTISATION

At 1 January 2024

and 31 December 2024

1,733

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

€

€

€

COST

At 1 January 2024

83,110

15,653

98,763

Additions

47,938

1,795

49,733

Disposals

(43,110

)

-

(43,110

)

At 31 December 2024

87,938

17,448

105,386

DEPRECIATION

At 1 January 2024

56,859

14,852

71,711

Charge for year

12,555

1,697

14,252

Eliminated on disposal

(43,110

)

-

(43,110

)

At 31 December 2024

26,304

16,549

42,853

NET BOOK VALUE

At 31 December 2024

61,634

899

62,533

At 31 December 2023

26,251

801

27,052

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2024

and 31 December 2024

189,000

NET BOOK VALUE

At 31 December 2024

189,000

At 31 December 2023

189,000

7.	INVESTMENT PROPERTY

Total

€

COST

At 1 January 2024

21,484,490

Additions

79,075

At 31 December 2024

21,563,565

NET BOOK VALUE

At 31 December 2024

21,563,565

At 31 December 2023

21,484,490

Investment property is held at fair value. The directors consider that the market value of the investment property is not materially different to the carrying value.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Trade debtors

141,721

122,371

Amounts owed by group undertakings

1,232,425

1,232,425

Other debtors

4,320,912

217,487

5,695,058

1,572,283

Included in other debtors is a dividend receivable of €4,000,000 from a subsidiary company.

9.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

€

€

Listed investments

465,995

325,788

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Bank loans and overdrafts

180

208,486

Trade creditors

587,950

308,586

Taxation and social security

44,742

50,369

Other creditors

6,851,712

7,465,672

7,484,584

8,033,113

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

€

€

Bank loans

-

208,306

12.	RELATED PARTY DISCLOSURES

Included in other creditors are loans totalling €6,281,727 (2023: €6,881,727) made to the company by the directors. The loans are interest free and repayable as and when cashflow allows.

Management fees of €227,190 (2023: €256,350) are payable to a director during the year. The balance included in trade creditors is €383,540 (2023: €256,350).