REGISTERED NUMBER: 06541302 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Rivendale Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R E Wilkinson

J Wilkinson

SECRETARY:

J Wilkinson

REGISTERED OFFICE:

The Barn (Unit 3)

Manor Farm Office Village

North Baddesley

Southampton

Hampshire

SO52 9DF

REGISTERED NUMBER:

06541302 (England and Wales)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

186,079

219,500

CURRENT ASSETS

Stocks

950,664

2,417,694

Debtors

5

987,443

895,285

Cash at bank and in hand

267,231

70,081

2,205,338

3,383,060

CREDITORS

Amounts falling due within one year

6

263,403

1,200,322

NET CURRENT ASSETS

1,941,935

2,182,738

TOTAL ASSETS LESS CURRENT LIABILITIES

2,128,014

2,402,238

CREDITORS

Amounts falling due after more than one year

7

(1,791,306

)

(1,768,861

)

PROVISIONS FOR LIABILITIES

(24,910

)

(32,430

)

NET ASSETS

311,798

600,947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

311,698

600,847

SHAREHOLDERS' FUNDS

311,798

600,947

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 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 16 December 2025 and were signed on its behalf by:

J Wilkinson - Director

1.	STATUTORY INFORMATION

Rivendale Developments Ltd 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.

Turnover

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, comparing costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

342,538

Additions

2,658

At 31 March 2025

345,196

DEPRECIATION

At 1 April 2024

123,038

Charge for year

36,079

At 31 March 2025

159,117

NET BOOK VALUE

At 31 March 2025

186,079

At 31 March 2024

219,500

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

112,108

DEPRECIATION

At 1 April 2024

29,779

Charge for year

20,582

At 31 March 2025

50,361

NET BOOK VALUE

At 31 March 2025

61,747

At 31 March 2024

82,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

53,694

63,547

Amounts owed by associates

704,829

629,002

Other debtors

228,920

202,736

987,443

895,285

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

16,468

29,233

Trade creditors

79,471

55,267

Amounts owed to associates

74,686

33,651

Taxation and social security

16,163

78,751

Other creditors

66,615

993,420

263,403

1,200,322

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,000

16,667

Hire purchase contracts

68,565

76,959

Other creditors

1,712,741

1,675,235

1,791,306

1,768,861

8.	SECURED DEBTS

Octane Property Finance Limited hold a charge over the freehold property relating to the land on the north west side of grange

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Wilkinson and Mrs R E Wilkinson

Balance outstanding at start of year

86,783

87,063

Amounts repaid

-

(280

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

86,783