REGISTERED NUMBER: NI028430 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Riverview Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W D Russell

SECRETARY:

Mrs H Russell

REGISTERED OFFICE:

26 Deerpark Road

Newtownstewart

Omagh

Co. Tyrone

BT78 4LA

REGISTERED NUMBER:

NI028430 (Northern Ireland)

ACCOUNTANTS:

HMCI Limited

T/A Hamill McIlwaine

28-30 Old Mountfield Road

Omagh

Co. Tyrone

BT79 7BJ

BANKERS:

HSBC

25-29 Royal Avenue

Belfast

BT1 1FB

FIXED ASSETS

Intangible assets

4

1,048

1,048

Tangible assets

5

1,376,509

1,338,836

1,377,557

1,339,884

CURRENT ASSETS

Stocks

79,000

59,500

Debtors

6

39,483

52,794

Cash at bank

804,620

724,874

923,103

837,168

CREDITORS

Amounts falling due within one year

7

171,478

195,871

NET CURRENT ASSETS

751,625

641,297

TOTAL ASSETS LESS CURRENT LIABILITIES

2,129,182

1,981,181

CREDITORS

Amounts falling due after more than one year

8

(115,368

)

(50,845

)

PROVISIONS FOR LIABILITIES

(250,933

)

(239,704

)

NET ASSETS

1,762,881

1,690,632

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,762,781

1,690,532

SHAREHOLDERS' FUNDS

1,762,881

1,690,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 31 October 2025 and were signed by:

Mr W D Russell - Director

1.	STATUTORY INFORMATION

Riverview Farms Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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

-

2% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

1,048

NET BOOK VALUE

At 31 March 2025

1,048

At 31 March 2024

1,048

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

438,463

2,044,580

2,531

2,485,574

Additions

-

234,315

-

234,315

Disposals

-

(124,633

)

-

(124,633

)

At 31 March 2025

438,463

2,154,262

2,531

2,595,256

DEPRECIATION

At 1 April 2024

58,442

1,087,138

1,158

1,146,738

Charge for year

7,241

147,560

206

155,007

Eliminated on disposal

-

(82,998

)

-

(82,998

)

At 31 March 2025

65,683

1,151,700

1,364

1,218,747

NET BOOK VALUE

At 31 March 2025

372,780

1,002,562

1,167

1,376,509

At 31 March 2024

380,021

957,442

1,373

1,338,836

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,013

43,794

Other debtors

26,470

9,000

39,483

52,794

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

63,167

79,417

Trade creditors

50,498

9,863

Taxation and social security

56,213

95,391

Other creditors

1,600

11,200

171,478

195,871

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

30,667

48,833

Other creditors

84,701

2,012

115,368

50,845