Riverside Industrial Park Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10806364 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st October 2025

for

RIVERSIDE INDUSTRIAL PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E M Broderick

D J Cousins

REGISTERED OFFICE:

Unit 2, Riverside Industrial Park

Coneger Road

Eastleigh

Hampshire

SO50 6JQ

REGISTERED NUMBER:

10806364 (England and Wales)

ACCOUNTANTS:

Eastleigh Accountants Limited

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

BANKERS:

Santander

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Investment property

4

5,466,850

5,457,158

CURRENT ASSETS

Debtors

5

409,126

458,952

Cash at bank

30,497

15,377

439,623

474,329

CREDITORS

Amounts falling due within one year

6

61,168

52,408

NET CURRENT ASSETS

378,455

421,921

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,845,305

5,879,079

CREDITORS

Amounts falling due after more than one
year

7

(4,183,465

)

(4,307,465

)

PROVISIONS FOR LIABILITIES

(310,811

)

(310,811

)

NET ASSETS

1,351,029

1,260,803

CAPITAL AND RESERVES

Called up share capital

8

100

Revaluation reserve

9

932,434

Retained earnings

9

418,495

328,269

SHAREHOLDERS' FUNDS

1,351,029

1,260,803

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th May 2026 and were signed on its behalf by:

E M Broderick - Director

D J Cousins - Director

1.	STATUTORY INFORMATION

Riverside Industrial Park 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable in the year and is stated exclusive of value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

5,457,158

Additions

9,692

At 31st October 2025

5,466,850

NET BOOK VALUE

At 31st October 2025

5,466,850

At 31st October 2024

5,457,158

Fair value at 31st October 2025 is represented by:

£

Valuation in 2022

1,243,246

Cost

4,223,604

5,466,850

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

4,223,604

4,213,912

Investment property was valued on an open market basis on 31st October 2025 by the directors .

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

5,544

5,370

Other debtors

70,250

75,794

75,620

Amounts falling due after more than one year:

Other debtors

333,332

383,332

Aggregate amounts

409,126

458,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Payments on account

-

8,023

Trade creditors

13,331

-

Taxation and social security

46,512

43,135

Other creditors

1,325

1,250

61,168

52,408

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Amounts owed to participating interests

4,183,465

4,307,465

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary £1

£1

100

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1st November 2024

328,269

932,434

1,260,703

Profit for the year

90,226

At 31st October 2025

418,495

932,434

1,350,929

10.	RELATED PARTY DISCLOSURES

At 31st October 2025 the company owed £3,174,691 (2024: £3,268,931) to Kells Holdings Limited, a company in which Mr E.M. Broderick is a director and shareholder. During the year the company repaid development finance of £94,240. In addition, £290,689 interest was incurred at a rate of 3% above base rate.

At 31st October 2025 the company owed £1,008,774 (2024: £1,038,534) to Wellow Holdings Limited, a company in which Mr D.J. Cousins is a director and majority shareholder. During the year the company repaid development finance of £29,760. In addition, £92,250 interest was incurred at a rate of 3% above base rate.

11.	ULTIMATE CONTROLLING PARTY

In the directors opinion there is no ultimate controlling party.