River Row Arts Company Limited iXBRL

Company Registration Number: NI603836

River Row Arts Company Limited

(A company limited by guarantee, not having a share capital)

Unaudited Financial Statements

for the financial year ended 31 July 2025

River Row Arts Company Limited

(A company limited by guarantee, not having a share capital)

Company Registration Number: NI603836

BALANCE SHEET

as at 31 July 2025

		2025	2024
	Notes	£	£

Current Assets

Cash and cash equivalents

3,944

4,923

Creditors: amounts falling due within one year

(200)

(591)

─────────

Net Current Assets

3,744

4,332

─────────

Total Assets less Current Liabilities

3,744

4,332

Provisions for liabilities

1,578

1,087

Government grants

(4,678)

(5,315)

─────────

Net Assets

644

104

═════════

Reserves

Retained surplus

644

104

─────────

Equity attributable to owners of the company

644

104

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 16 April 2026 and signed on its behalf by



________________________________
Mr. Peter McLaughlin
Director

River Row Arts Company Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 July 2025

General Information

River Row Arts Company Limited is a company limited by guarantee incorporated in Northern Ireland. 9 Centenary Park, Omagh, Co Tyrone, BT78 5HH, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Intangible assets

Website

Website are valued at cost less accumulated amortisation.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.


3.	Intangible assets
		Website

		£
	Cost
	At 1 August 2024	900
		─────────

	At 31 July 2025	900
		─────────
	Amortisation

	At 31 July 2025	900
		─────────
	Net book value
	At 31 July 2025	-
		═════════


4.	Tangible assets
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 August 2024	10,864	10,864
		─────────	─────────

	At 31 July 2025	10,864	10,864
		─────────	─────────
	Depreciation
	At 1 August 2024	10,864	10,864
		─────────	─────────

	At 31 July 2025	10,864	10,864
		─────────	─────────
	Net book value
	At 31 July 2025	-	-
		═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	-	391
	Accruals	200	200
		─────────	─────────
		200	591
		═════════	═════════


6.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Losses	Total	Total
		allowances

				2025	2024
		£	£	£	£

	At financial year start	(1,087)	-	(1,087)	-
	Charged to profit and loss	-	(1,578)	(1,578)	-
	Released during the financial year	1,087	-	1,087	(1,087)
		─────────	─────────	─────────	─────────
	At financial year end	-	(1,578)	(1,578)	(1,087)
		═════════	═════════	═════════	═════════

Government Grants Deferred

2025

2024

At 1 August 2024

44,700

44,700

─────────

Amortisation

At 1 August 2024

(39,385)

(37,290)

Amortised in financial year

(637)

(2,095)

─────────

At 31 July 2025

(40,022)

(39,385)

─────────

Net book value

At 31 July 2025

4,678

5,315

═════════

At 1 August 2024

5,315

7,410

═════════

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.