Riverside_Luxury_Cruises_Limited_31_Dec_2025_companies_house_set_of

Riverside Luxury Cruises Limited

Statement of Financial Position

31 December 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	604		883
Tangible assets	6	1,344		1,932
		1,948		2,815
Current assets
Debtors	7	152,735		282,672
Cash at bank and in hand		155,652		183,457
		308,387		466,129
Creditors: amounts falling due within one year	8	(512,924	)	(717,272	)
Net current liabilities		(204,537	)	(251,143	)
Total assets less current liabilities		(202,589	)	(248,328	)
Creditors: amounts falling due after more than one year	9	(1,206,151	)	(390,617	)
Net liabilities		(1,408,740	)	(638,945	)
Capital and reserves
Called up share capital		100,000		100,000
Profit and loss account		(1,508,740	)	(738,945	)
Shareholders deficit		(1,408,740	)	(638,945	)

For the 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.

Directors' responsibilities:

The 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 Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

13 July 2026

, and are signed on behalf of the board by:

C Hewitt-Davies

Director

Company registration number:

14460394

Riverside Luxury Cruises Limited

Notes to the Financial Statements

Year ended

31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

2nd Floor Nucleus House

2 Lower Mortlake Road

Richmond

TW9 2JA

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on the going concern basis. In assessing the appropriateness of this basis, the directors have considered the company's current and projected financial position, including cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements. The company is reliant on the continued financial support of its immediate parent undertaking to enable it to meet its liabilities as they fall due. The directors have received confirmation from the parent company that it will continue to provide financial support for a period of at least twelve months from the date of approval of these financial statements. Having considered the forecasts and the support available from the parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Turnover represents revenue from holidays, commission received and other services supplied to customers in the ordinary course of business. Income is recognised on the date of departure basis.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Other intangible assets

20% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment

20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

3.00

5 Intangible assets

	Other intangible assets
	£
Cost
At 1 January 2025 and 31 December 2025	1,394
Amortisation
At 1 January 2025	511
Charge	279
At 31 December 2025	790
Carrying amount
At 31 December 2025	604
At 31 December 2024	883

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 January 2025 and 31 December 2025	2,940
Depreciation
At 1 January 2025	1,008
Charge	588
At 31 December 2025	1,596
Carrying amount
At 31 December 2025	1,344
At 31 December 2024	1,932

7 Debtors

	2025	2024
	£	£
Trade debtors	1,295	1,295
Other debtors	151,440	281,377
	152,735	282,672

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	53,931	95,906
Amounts owed to group undertakings and undertakings in which the company has a participating interest	113,857	555,622
Other creditors	345,136	65,744
	512,924	717,272

9 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	826,151	390,617
Other creditors	380,000	-
	1,206,151	390,617

10 Controlling party

The parent company which consolidates its financial statements is Seaside Hotel Hamburg Management GmbH & Co. KG, incorporated in Germany whose registered address is Raffaelstr. 4 , D-30177 Hannover, Germany.

By virtue of his majority shareholding therein the ultimate controlling party is G Gerlach.