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Registration number: 10184480

Riverhead Asset Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Riverhead Asset Management Limited

(Registration number: 10184480)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 3 | 831,617 | 831,617
Current assets |  |  |
Cash at bank and in hand |  | 11,777 | 13,854
Creditors: Amounts falling due within one year | 4 | (752,262) | (750,857)
Net current liabilities |  | (740,485) | (737,003)
Total assets less current liabilities |  | 91,132 | 94,614
Creditors: Amounts falling due after more than one year | 4 | (87,320) | (100,600)
Net assets/(liabilities) |  | 3,812 | (5,986)
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Retained earnings |  | 3,802 | (5,996)
Shareholders' funds/(deficit) |  | 3,812 | (5,986)

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities.
These financial statements were approved and authorised for issue by the director on 5 February 2026

.........................................

Mr P A Concannon

Director

Riverhead Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | Accounting policies

Statutory information

Riverhead Asset Management Limited is a private company, limited by shares, domiciled in England and Wales, company number 10184480. The registered office is at 14 St Chads Way, Sprotbrough, Doncaster, DN5 7LF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover represents amounts chargeable in respect of rental income from investment properties.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the statement of income and retained earnings.

Riverhead Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

1 | Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3 | Investment properties

| 2025 £
At 1 June 2023 | 831,617
At 31 May 2024 | 831,617

There has been no valuation of investment property by an independent valuer.

4 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Bank loans | 9,604 | 9,556
Amounts due to related parties | 740,596 | 740,146
Accrued expenses | 1,170 | 1,155
Income tax liability | 892 | -
| 752,262 | 750,857

| 2025 £ | 2024 £
Due after one year |  |  |
Bank loans |  | 87,320 | 100,600

| 2025 £ | 2024 £
After more than five years by instalments | 49,287 | 62,375

| - | -

Creditors include bank loans which are secured of £96,924 (2024 - £110,156).