Company No: 07090817 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	88,564		104,740
Investment property	4	1,500,000		700,000
		1,588,564		804,740
Current assets
Debtors	5	51,481		41,904
Cash at bank and in hand		116,957		85,970
		168,438		127,874
Creditors: amounts falling due within one year	6	( 133,166)		( 102,012)
Net current assets		35,272		25,862
Total assets less current liabilities		1,623,836		830,602
Creditors: amounts falling due after more than one year	7	( 441,773)		( 455,383)
Provision for liabilities		( 222,639)		( 22,649)
Net assets		959,424		352,570
Capital and reserves
Called-up share capital	8	100		100
Fair value reserve		895,954		295,954
Profit and loss account		63,370		56,516
Total shareholder's funds		959,424		352,570

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Riverside Property Limited (registered number: 07090817) were approved and authorised for issue by the Director on 07 September 2026. They were signed on its behalf by:

Mr S Beasley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riverside Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Riverside Works, Forde Road, Newton Abbot, TQ12 4AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	20 years straight line
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2025	115,730		118,610		4,057		238,397
At 31 March 2026	115,730		118,610		4,057		238,397
Accumulated depreciation
At 01 April 2025	71,261		59,312		3,084		133,657
Charge for the financial year	10,050		5,931		195		16,176
At 31 March 2026	81,311		65,243		3,279		149,833
Net book value
At 31 March 2026	34,419		53,367		778		88,564
At 31 March 2025	44,469		59,298		973		104,740

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	700,000
Fair value movement	800,000
As at 31 March 2026	1,500,000

The director has provided the above valuation based on their interpretation of the market and the factors that they have experienced, in order to determine the appropriate fair value.

5. Debtors

	2026		2025
	£		£
Trade debtors	49,403		12,805
Prepayments	2,078		4,720
Other debtors	0		24,379
	51,481		41,904

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	17,145		15,809
Trade creditors	371		2,819
Amounts owed to director	56,631		52,588
Accruals and deferred income	29,650		2,200
Taxation and social security	27,702		26,929
Other creditors	1,667		1,667
	133,166		102,012

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	441,773		455,383

The bank loans are secured on freehold properties of the Company with a carrying value of £1,500,000 (2025: £700,000).

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
95 Ordinary A shares of £ 1.00 each	95		95
5 Ordinary B shares of £ 1.00 each	5		5
	100		100