Registration number: 07323102

Riverhead Asset Finance Limited

(Registration number: 07323102)

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	401	1,881
Current assets
Debtors	4	764,331	764,857
Cash at bank and in hand		128,565	104,218
		892,896	869,075
Creditors: Amounts falling due within one year	5	(42,270)	(92,189)
Net current assets		850,626	776,886
Total assets less current liabilities		851,027	778,767
Provisions for liabilities		-	-
Net assets		851,027	778,767
Capital and reserves
Called up share capital		11	11
Retained earnings		851,016	778,756
Shareholders' funds		851,027	778,767

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 10 August 2026
 

......................................... Mr P A Concannon Director

Riverhead Asset Finance Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

Statutory information

Riverhead Asset Finance Limited is a private company, limited by shares, domiciled in England and Wales, company number 07323102. The registered office is at 14 St Chads Way, Sprotbrough, , Doncaster, DN5 7LF.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the value of the consideration received for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Unrelieved tax losses and other deferred tax assets shall be 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.

Riverhead Asset Finance Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of income and retained earnings and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Riverhead Asset Finance Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

3	Tangible assets

	Fixtures and fittings £	Total £
Cost
At 1 January 2025	14,215	14,215
At 31 December 2025	14,215	14,215
Depreciation
At 1 January 2025	12,334	12,334
Charge for the year	1,480	1,480
At 31 December 2025	13,814	13,814
Carrying amount
At 31 December 2025	401	401
At 31 December 2024	1,881	1,881

4

Debtors

	2025 £	2024 £
Other debtors	764,331	764,857
	764,331	764,857

5

Creditors

	2025  £	2024  £
Due within one year
Other loans	-	39,382
Accrued expenses	3,360	3,763
Corporation tax liability	38,910	49,044
	42,270	92,189

6	Related party transactions

Riverhead Asset Finance Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Loans to connected companies

During the year the company made loans to Riverhead Asset Management Limited, a company in which the director is a director and 100% shareholder.
At the balance sheet date the amount due from Riverhead Asset Management Limited was £754,184 (2024 - £754,184)