| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2025 |
| for |
| River Forth Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2025 |
| for |
| River Forth Limited |
| River Forth Limited (Registered number: 15186769) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2025 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| River Forth Limited |
| Company Information |
| for the Year Ended 31 October 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered accountants |
| 2nd Floor |
| 33 Park Place |
| Leeds |
| LS1 2RY |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| River Forth Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of River Forth Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of River Forth Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of River Forth Limited and state those matters that we have agreed to state to the director of River Forth Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than River Forth Limited and its director for our work or for this report. |
| It is your duty to ensure that River Forth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of River Forth Limited. You consider that River Forth Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of River Forth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered accountants |
| 2nd Floor |
| 33 Park Place |
| Leeds |
| LS1 2RY |
| River Forth Limited (Registered number: 15186769) |
| Balance Sheet |
| 31 October 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| River Forth Limited (Registered number: 15186769) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2025 |
| 1. | STATUTORY INFORMATION |
| River Forth Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on the going concern basis. The company continues to rely on the support of its directors, related parties and external funders. They have all maintained such support since the year and long term funding has been secured post year end. |
| Accordingly the directors believe that it is appropriate to prepare the accounts on a going concern basis. |
| Turnover |
| Turnover represents rental income excluding value added tax. Rental income is recognised over the term of the lease. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| River Forth Limited (Registered number: 15186769) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2024 |
| Revaluations | 172,684 |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| The investment property was valued by Newmark Gerald Eve LLP in January 2025 at £900,000 on the basis of the open market value. The directors deem the value to be appropriate as at 31 October 2025. |
| Fair value at 31 October 2025 is represented by: |
| £ |
| Valuation in 2025 | 172,684 |
| Cost | 727,316 |
| 900,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans |
| VAT | 44,450 | 149 |
| Other creditors |
| Directors' current accounts | 20,000 | 20,000 |
| Accruals and deferred income |
| Other loans relates to a loan secured with a fixed and floating charge over the company's investment property. |
| 8. | RELATED PARTY DISCLOSURES |
| Amounts due from group companies |
| 2025 | 2024 |
| £ | £ |
| Amount due from related party at the balance sheet date | 29,370 | 34,500 |
| River Forth Limited (Registered number: 15186769) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 8. | RELATED PARTY DISCLOSURES - continued |
| Amounts due to connected companies |
| 2025 | 2024 |
| £ | £ |
| Amount due to related party at the balance sheet date | 35,000 | 358,406 |
| Transactions with related companies |
| Rental income of £150,000 (2024: £50,00) was received in the year from a company with common directors and shareholders. |