REGISTERED NUMBER: 11668411 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Timeriver Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D H Kollmann

REGISTERED OFFICE:

C/O Price & Accountants Ltd.

Wework

1 Fore Street Avenue

London

EC2Y 9DT

REGISTERED NUMBER:

11668411 (England and Wales)

ACCOUNTANTS:

Price & Accountants Ltd

WeWork

1 Fore Street Avenue

London

EC2Y 9DT

FIXED ASSETS

Investments

4

10,211,044

10,211,043

CURRENT ASSETS

Debtors

5

302,719

169,153

Prepayments and accrued income

806

-

303,525

169,153

CREDITORS

Amounts falling due within one year

6

10,471,359

7,845,780

NET CURRENT LIABILITIES

(10,167,834

)

(7,676,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,210

2,534,416

CREDITORS

Amounts falling due after more than one year

7

575,665

2,817,614

NET LIABILITIES

(532,455

)

(283,198

)

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

(682,455

)

(433,198

)

(532,455

)

(283,198

)

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 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 28 April 2026 and were signed by:

D H Kollmann - Director

1.	STATUTORY INFORMATION

Timeriver 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

10,211,043

Additions

1

At 31 December 2024

10,211,044

NET BOOK VALUE

At 31 December 2024

10,211,044

At 31 December 2023

10,211,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

133,619

-

Other debtors

169,100

169,153

302,719

169,153

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

182

531

Trade creditors

35,604

79,851

Amounts owed to group undertakings

4,283,338

233,082

Other creditors

6,152,235

7,532,316

10,471,359

7,845,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

575,665

-

Other creditors

-

2,817,614

575,665

2,817,614

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Hubert Freidl.