REGISTERED NUMBER: 05333548 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

River Valley Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Forster

S J Forster

SECRETARY:

L J Forster

REGISTERED OFFICE:

Raglan Street

Consett

Co. Durham

DH8 5AW

REGISTERED NUMBER:

05333548 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Eshton Suite 2

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Tangible assets

3

-

-

Investment property

4

789,450

649,092

789,450

649,092

Current assets

Debtors

5

169,474

38,523

Investments

6

1

1

Cash at bank

221,322

323,016

390,797

361,540

Creditors

Amounts falling due within one year

7

(9,310

)

(8,968

)

Net current assets

381,487

352,572

Total assets less current liabilities

1,170,937

1,001,664

Creditors

Amounts falling due after more than one year

8

(924,474

)

(616,708

)

Provisions for liabilities

(11,237

)

(11,237

)

Net assets

235,226

373,719

Capital and reserves

Called up share capital

1,000

1,000

Fair value reserve

9

47,906

-

Retained earnings

9

186,320

372,719

235,226

373,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

L J Forster - Director

1.	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 rental income along with costs recharged to tenants.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from rent is recognised by reference to the period the services were provided to the tenant. Turnover from recharged costs is recognised when such costs have been incurred and an obligation exists for the tenant to repay such costs.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

10% on cost

INVESTMENT PROPERTY

Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fair value is considered by the directors at the end of each reporting period.

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - NIL ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

54,372

DEPRECIATION

At 1 April 2025

and 31 March 2026

54,372

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

649,092

Additions

140,358

At 31 March 2026

789,450

NET BOOK VALUE

At 31 March 2026

789,450

At 31 March 2025

649,092

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

59,143

Cost

730,307

789,450

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

18,572

28,022

Bad debt provision

-

(10,499

)

Other debtors

150,738

21,000

Prepayments

164

-

169,474

38,523

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Unlisted investments

1

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

101

2,084

Corporation tax

5,781

3,122

VAT

880

1,174

Other creditors

1

1

Accrued expenses

2,547

2,587

9,310

8,968

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Directors' loan accounts

924,474

616,708

9.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.