Riverside (Global) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC654820 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Riverside (Global) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

200

Investment property

5

1,350,000

1,350,200

CURRENT ASSETS

Debtors

6

1,203,559

1,216,843

Cash at bank

31,109

45,714

1,234,668

1,262,557

CREDITORS

Amounts falling due within one year

7

(530,567

)

(512,063

)

NET CURRENT ASSETS

704,101

750,494

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,054,301

2,100,694

CREDITORS

Amounts falling due after more than one
year

8

(425,000

)

(425,000

)

PROVISIONS FOR LIABILITIES

(124,910

)

(124,910

)

NET ASSETS

1,504,391

1,550,784

CAPITAL AND RESERVES

Called up share capital

2,008

Capital redemption reserve

1,125,000

Retained earnings

377,383

423,776

1,504,391

1,550,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 September 2026 and were signed on its behalf by:

Mr R Paterson - Director

1.	STATUTORY INFORMATION

Riverside (Global) Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC654820. The registered office is 1 Wheatfield Road, Dunnikier Business Park, Kirkcaldy, Fife, KY1 3PD.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Riverside (Global) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

200

NET BOOK VALUE

At 31 December 2025

200

At 31 December 2024

200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,350,000

NET BOOK VALUE

At 31 December 2025

1,350,000

At 31 December 2024

1,350,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

499,640

Cost

850,360

1,350,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

850,360

Investment property was valued on an open market value basis on 19 November 2024 by Graham + Sibbald LLP .

6.

DEBTORS

31.12.25

31.12.24

£

Amounts falling due within one year:

Amounts owed by group undertakings

28,076

715,414

Amounts owed by related parties

675,132

-

Other debtors

351

1,429

703,559

716,843

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

500,000

Amounts owed by related parties

500,000

-

500,000

Aggregate amounts

1,203,559

1,216,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Taxation and social security

28,890

27,933

Other creditors

501,677

484,130

530,567

512,063

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Other creditors

425,000

9.	RELATED PARTY DISCLOSURES

Family members of directors/shareholders

Loans due to family members at 31st December 2025: £926,677 (2024: £909,129).

Interest of £33,920 was paid to family members during the year ended 31st December 2025 (2024: £43,513). There was no interest paid to employees who loaned money to the company (2024: £975).

Amounts due from related parties

At the year ended 31st December 2025 the business was owed £1,175,132 (2024: £0) from related parties.

Gift of shares into a trust

During the year, 400 ordinary shares in the company were transferred into The Robert & Gillian Paterson Discretionary Trust. The shares were gifted by two shareholders, each transferring 200 ordinary shares. The company was not a party to the transaction and no consideration was paid to or by the company.