Riverside Underwriting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06201617 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

RIVERSIDE UNDERWRITING LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A W J Lawrence

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

06201617 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

The director presents his report with the financial statements of the company for the year ended 30 September 2025.

DIRECTOR

A W J Lawrence held office during the whole of the period from 1 October 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A W J Lawrence - Director

19 June 2026

FIXED ASSETS

Intangible assets

5

126,084

109,824

Tangible assets

6

68,857

72,904

194,941

182,728

CURRENT ASSETS

Debtors

7

247,501

237,921

Cash at bank

884,630

464,302

1,132,131

702,223

CREDITORS

Amounts falling due within one year

8

392,748

163,559

NET CURRENT ASSETS

739,383

538,664

TOTAL ASSETS LESS CURRENT
LIABILITIES

934,324

721,392

CREDITORS

Amounts falling due after more than one
year

9

-

(4,938

)

PROVISIONS FOR LIABILITIES

(16,329

)

(16,963

)

NET ASSETS

917,995

699,491

CAPITAL AND RESERVES

Called up share capital

80,000

Capital redemption reserve

34,286

Retained earnings

803,709

585,205

SHAREHOLDERS' FUNDS

917,995

699,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 19 June 2026 and were signed by:

A W J Lawrence - Director

1.	STATUTORY INFORMATION

Riverside Underwriting 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006. There are no material departures from FRS 102.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of trade discounts.The policies adopted for the recognition of turnover are as following:

Revenue is measured as the fair value of the consideration received or receivable from the exchange of services, excluding discounts and rebates.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Interest receivable

Interest income is recognised using the effective interest method.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Web development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

straight line over lease term

Fixtures and fittings

-

33% on cost and 25% on cost

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 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.

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.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

227,010

Additions

68,604

At 30 September 2025

295,614

AMORTISATION

At 1 October 2024

117,186

Charge for year

52,344

At 30 September 2025

169,530

NET BOOK VALUE

At 30 September 2025

126,084

At 30 September 2024

109,824

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

COST

At 1 October 2024

132,067

237,515

369,582

Additions

-

18,122

At 30 September 2025

132,067

255,637

387,704

DEPRECIATION

At 1 October 2024

75,798

220,880

296,678

Charge for year

11,302

10,867

22,169

At 30 September 2025

87,100

231,747

318,847

NET BOOK VALUE

At 30 September 2025

44,967

23,890

68,857

At 30 September 2024

56,269

16,635

72,904

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

210,236

204,933

Amounts owed by group undertakings

13,732

-

Other debtors

23,533

32,988

247,501

237,921

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

59,250

Amounts owed to group undertakings

271,804

-

Taxation and social security

88,149

40,127

Other creditors

32,795

64,182

392,748

163,559

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

4,938

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank Loan

-

64,188

The loans are secured by way of a fixed and floating charge over the assets of the business at both the time of inception and in the future.

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £162,525 (2024: £217,760).

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

A W J Lawrence

Balance outstanding at start of year

-

Amounts advanced

530

-

Amounts repaid

(317

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

213

-

The loan from the company to the director is interest free, unsecured and repayable on demand.