RIVA WINDERMERE LIMITED


Directors	FANNON, Stuart Michael
	MONK, Colin


Registered Address	Units 1&2 Longlands Road
	Bowness-On-Windermere
	Windermere
	LA23 3AS


Registered Number	08924709 (England and Wales)

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	15
Plant and machinery	33	-
Fixtures and fittings	33	-
Vehicles	33	-
Office Equipment	33	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		7

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	3,715	3,715
At 31 October 25	3,715	3,715
Amortisation and impairment
At 01 November 24	3,715	3,715
At 31 October 25	3,715	3,715
Net book value
At 31 October 25	-	-
At 31 October 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 24	250,364	163,733	38,826	3,338	456,261
Additions	-	-	535	250	785
Disposals	-	(18,669)	-	-	(18,669)
At 31 October 25	250,364	145,064	39,361	3,588	438,377
Depreciation and impairment
At 01 November 24	174,883	135,355	19,076	2,264	331,578
Charge for year	16,561	9,124	6,372	355	32,412
At 31 October 25	191,444	144,479	25,448	2,619	363,990
Net book value
At 31 October 25	58,920	585	13,913	969	74,387
At 31 October 24	75,481	28,378	19,750	1,074	124,683

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	4,363	4,363
Total	4,363	4,363

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	200,810	156,850
Other debtors	11,961	623
Prepayments and accrued income	10,025	11,875
Total	222,796	169,348

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,496	62,720
Amounts owed to related parties	194,524	152,995
Taxation and social security	43,406	44,092
Other creditors	20,247	18,000
Accrued liabilities and deferred income	7,307	2,803
Total	280,980	280,610


	Included within other creditors is a loan which is secured by a fixed and floating charge over the company's assets - £18,000 (Oct 24 - £18,000).

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	119,403	119,403
Total	119,403	119,403


	Included within other creditors is a loan which is secured by a fixed and floating charge over the company's assets - £119,403 (Oct 24 - £119,403). In respect of this loan £47,403 falls due more than five years after the balance sheet date (Oct 24 - £47,403).

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	3,600	11,900
Total	3,600	11,900

10.	Parent-subsidiary relationships
	In respect of this company, the ultimate controlling party is High Spirits Leisure Group Limited, a company registered in England and Wales under company number 10172873. As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.

11.	Further information regarding the company's financial position
	The company has future operating lease commitments of £147,088 over a period of 3.5 years relating to the rental of its premises.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		74,387		124,683
			74,387		124,683
Current assets
Stocks	5	4,363		4,363
Debtors	6	222,796		169,348
Cash at bank and on hand		76,813		53,235
		303,972		226,946
Creditors amounts falling due within one year	7	(280,980)		(280,610)
Net current assets (liabilities)			22,992		(53,664)
Total assets less current liabilities			97,379		71,019
Creditors amounts falling due after one year	8		(119,403)		(119,403)
Provisions for liabilities	9		(3,600)		(11,900)
Net assets			(25,624)		(60,284)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(25,724)		(60,384)
Shareholders' funds			(25,624)		(60,284)