Rivertrace Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10059284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

RIVERTRACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Coomber

A J Hansen

M D Saunders

REGISTERED OFFICE:

30-34 North Street

Hailsham

BN27 1DW

REGISTERED NUMBER:

10059284 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

178,686

144,236

Investments

5

2,960,097

3,138,783

3,104,333

CURRENT ASSETS

Stocks

1,148,329

1,193,031

Debtors

6

1,572,949

1,777,112

Cash at bank

387,886

187,726

3,109,164

3,157,869

CREDITORS

Amounts falling due within one year

7

(1,987,315

)

(1,620,017

)

NET CURRENT ASSETS

1,121,849

1,537,852

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,260,632

4,642,185

CREDITORS

Amounts falling due after more than one
year

8

(1,100,703

)

(1,388,376

)

PROVISIONS FOR LIABILITIES

(42,166

)

(31,072

)

NET ASSETS

3,117,763

3,222,737

CAPITAL AND RESERVES

Called up share capital

9

200

Share premium

149

Capital redemption reserve

(6,518

)

(6,518

)

Retained earnings

3,123,932

3,228,906

SHAREHOLDERS' FUNDS

3,117,763

3,222,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 25 August 2026 and were signed on its behalf by:

M D Saunders - Director

1.	STATUTORY INFORMATION

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

2.	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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 December 2024

218,803

66,968

285,771

Additions

94,013

-

94,013

At 30 November 2025

312,816

66,968

379,784

DEPRECIATION

At 1 December 2024

110,885

30,650

141,535

Charge for year

50,483

9,080

59,563

At 30 November 2025

161,368

39,730

201,098

NET BOOK VALUE

At 30 November 2025

151,448

27,238

178,686

At 30 November 2024

107,918

36,318

144,236

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Motor

vehicles

£

COST

At 1 December 2024

and 30 November 2025

39,772

DEPRECIATION

At 1 December 2024

10,325

Charge for year

7,362

At 30 November 2025

17,687

NET BOOK VALUE

At 30 November 2025

22,085

At 30 November 2024

29,447

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 December 2024

and 30 November 2025

2,960,097

NET BOOK VALUE

At 30 November 2025

2,960,097

At 30 November 2024

2,960,097

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

973,141

862,591

Other debtors

599,808

914,521

1,572,949

1,777,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

289,035

259,033

Hire purchase contracts and finance leases

6,736

16,441

Trade creditors

364,174

328,054

Amounts owed to group undertakings

783,977

601,108

Taxation and social security

133,349

61,623

Other creditors

410,044

353,758

1,987,315

1,620,017

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,081,772

1,362,709

Hire purchase contracts and finance leases

18,931

25,667

1,100,703

1,388,376

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

603,608

662,874

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal value

2024

2023

£

100

Ordinary A

£1.00

100

9,997

Ordinary B

£0.01

99.97

1

Ordinary C

£0.01

0.01

1

Ordinary D

£0.01

0.01

1

Ordinary E

£0.01

0.01

200

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

J Coomber

Balance outstanding at start of year

78,745

-

Amounts advanced

-

78,745

Amounts repaid

(78,745

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

78,745

M Coomber

Balance outstanding at start of year

204,266

-

Amounts advanced

-

204,266

Amounts repaid

(204,266

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

204,266

M D Saunders

Balance outstanding at start of year

75,000

-

Amounts advanced

25,000

75,000

Amounts repaid

(25,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

75,000

The balance owed by M Saunders was partly repaid within 9 months of the year end.

11.	RELATED PARTY DISCLOSURES

A balance of £783,977 (2024: £601,108) was owed at the year end to a subsidiary company, Solar Solve Ltd.

Management charges of £Nil (2024: £120,000) were invoiced to Solar Solve Ltd in the year.

During the year rent of £70,340 (2024: £51,000) was invoiced to Rivertrace Ltd by a Company in which M Coomber is a Director. Rivertrace Ltd charged a management fee of £30,600 and interest of £11,971 to this connected entity. At the year end the balance owed to the connected entity was £326,178 (2024: £354,008).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Baccata Trustees Ltd.

Baccata Trustees Ltd is owned by an Employee Ownership Trust.