Company registration number 02792916 (England and Wales)
RIVERWAY PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
Affinia
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
RIVERWAY PROPERTIES LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
RIVERWAY PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
5
87,202
79,237
Investment property
6
3,473,683
3,473,683
3,560,885
3,552,920
Current assets
Debtors
7
241,992
284,067
Cash at bank and in hand
457,273
451,808
699,265
735,875
Creditors: amounts falling due within one year
8
(376,697)
(385,792)
Net current assets
322,568
350,083
Total assets less current liabilities
3,883,453
3,903,003
Creditors: amounts falling due after more than one year
9
(1,797,091)
(1,997,450)
Provisions for liabilities
(56,834)
(54,842)
Net assets
2,029,528
1,850,711
Capital and reserves
Called up share capital
12
96
96
Profit and loss reserves
2,029,432
1,850,615
Total equity
2,029,528
1,850,711
RIVERWAY PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 2 July 2026 and are signed on its behalf by:
Mr J D Allen
Director
Company registration number 02792916 (England and Wales)
RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Riverway Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is G15 Allen House, The Maltings, Station Road, Sawbridgeworth, Hertfordshire, CM21 9JX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements
not depreciated
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Fair value of investment property

The determination of fair value for investment property at the period end date involves the application of significant judgment and the use of estimates that are subject to uncertainty. These estimates are influenced by factors such as current market conditions, and the availability and relevance of comparable property data including transaction prices for similar properties. Given the inherent volatility and variability of the property market, actual results may differ from the assumptions used at the reporting date.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
10
9
4
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
127,921
110,103
Adjustments in respect of prior periods
-
0
(40)
Total current tax
127,921
110,063
Deferred tax
Origination and reversal of timing differences
1,992
12,624
Total tax charge
129,913
122,687
RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
5
Tangible fixed assets
Property improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2025
4,637
74,550
83,554
24,487
7,995
195,223
Additions
-
0
-
0
6,190
3,084
26,930
36,204
Disposals
-
0
-
0
-
0
-
0
(7,995)
(7,995)
At 31 March 2026
4,637
74,550
89,744
27,571
26,930
223,432
Depreciation and impairment
At 1 April 2025
-
0
19,702
70,431
18,195
7,658
115,986
Depreciation charged in the year
-
0
13,712
4,361
3,095
6,733
27,901
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(7,657)
(7,657)
At 31 March 2026
-
0
33,414
74,792
21,290
6,734
136,230
Carrying amount
At 31 March 2026
4,637
41,136
14,952
6,281
20,196
87,202
At 31 March 2025
4,637
54,848
13,123
6,292
337
79,237
6
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
3,473,683

Investment property comprises of two properties totalling £3,473,683. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors as at 31 March 2026. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,294
2,893
Other debtors
240,698
281,174
241,992
284,067
RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
199,075
115,000
Trade creditors
9,028
124,335
Taxation and social security
162,557
140,820
Other creditors
6,037
5,637
376,697
385,792
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
1,797,091
1,997,450
10
Loans and overdrafts
2026
2025
£
£
Bank loans
1,996,166
2,112,450
Other loans
-
0
(90)
1,996,166
2,112,360
Payable within one year
199,075
114,910
Payable after one year
1,797,091
1,997,450

The long-term loans are secured by a fixed and floating charge over the assets of the company.

11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
56,834
54,842
RIVERWAY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
11
Deferred taxation
(Continued)
- 9 -
2026
Movements in the year:
£
Liability at 1 April 2025
54,842
Charge to profit or loss
1,992
Liability at 31 March 2026
56,834
12
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
96
96
96
96

The ordinary shares carry equal rights in relation to voting, participating in dividends and the distribution of capital in winding up the company.

13
Prior period adjustment
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
Reconciliation of changes in profit for the previous financial period
2025
£
Total adjustments
-
Profit as previously reported
368,066
Profit as adjusted
368,066
Notes to reconciliation
Reclassification of Freehold Property

A prior period adjustment has been included within the financial statements reclassifying £3,473,683 of Tangible Fixed Assets to Investment Properties which is a more appropriate representation of what this asset reflects under FRS102 Section 1A.

2026-03-31 2025-04-01 false false false 02 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs B J Allen Mr C Allen Mr J D Allen 02792916 2025-04-01 2026-03-31 02792916 2026-03-31 02792916 2025-03-31 02792916 core:LeaseholdImprovements 2026-03-31 02792916 core:PlantMachinery 2026-03-31 02792916 core:FurnitureFittings 2026-03-31 02792916 core:ComputerEquipment 2026-03-31 02792916 core:MotorVehicles 2026-03-31 02792916 core:LeaseholdImprovements 2025-03-31 02792916 core:PlantMachinery 2025-03-31 02792916 core:FurnitureFittings 2025-03-31 02792916 core:ComputerEquipment 2025-03-31 02792916 core:MotorVehicles 2025-03-31 02792916 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 02792916 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02792916 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 02792916 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 02792916 core:CurrentFinancialInstruments 2026-03-31 02792916 core:CurrentFinancialInstruments 2025-03-31 02792916 core:ShareCapital 2026-03-31 02792916 core:ShareCapital 2025-03-31 02792916 core:RetainedEarningsAccumulatedLosses 2026-03-31 02792916 core:RetainedEarningsAccumulatedLosses 2025-03-31 02792916 core:ShareCapitalOrdinaryShareClass1 2026-03-31 02792916 core:ShareCapitalOrdinaryShareClass1 2025-03-31 02792916 bus:Director3 2025-04-01 2026-03-31 02792916 core:LeaseholdImprovements 2025-04-01 2026-03-31 02792916 core:PlantMachinery 2025-04-01 2026-03-31 02792916 core:FurnitureFittings 2025-04-01 2026-03-31 02792916 core:ComputerEquipment 2025-04-01 2026-03-31 02792916 core:MotorVehicles 2025-04-01 2026-03-31 02792916 2024-04-01 2025-03-31 02792916 core:UKTax 2025-04-01 2026-03-31 02792916 core:UKTax 2024-04-01 2025-03-31 02792916 core:LeaseholdImprovements 2025-03-31 02792916 core:PlantMachinery 2025-03-31 02792916 core:FurnitureFittings 2025-03-31 02792916 core:ComputerEquipment 2025-03-31 02792916 core:MotorVehicles 2025-03-31 02792916 2025-03-31 02792916 core:Non-currentFinancialInstruments 2026-03-31 02792916 core:Non-currentFinancialInstruments 2025-03-31 02792916 core:WithinOneYear 2026-03-31 02792916 core:WithinOneYear 2025-03-31 02792916 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 02792916 bus:OrdinaryShareClass1 2026-03-31 02792916 bus:OrdinaryShareClass1 2025-03-31 02792916 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02792916 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02792916 bus:FRS102 2025-04-01 2026-03-31 02792916 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 02792916 bus:Director1 2025-04-01 2026-03-31 02792916 bus:Director2 2025-04-01 2026-03-31 02792916 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP