River Don Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03764622

River Don Properties Limited

Filleted Unaudited Financial Statements

31 October 2025

River Don Properties Limited

Financial Statements

Year ended 31 October 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

River Don Properties Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of River Don Properties Limited

Year ended 31 October 2025

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 Don Properties Limited for the year ended 31 October 2025, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of River Don Properties Limited, as a body, in accordance with the terms of our engagement letter dated 17 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of River Don Properties Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than River Don Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that River Don Properties 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 Don Properties Limited. You consider that River Don Properties 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 Don Properties 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.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

4 October 2026

River Don Properties Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		2,137,294	2,148,038

Current assets

Debtors	5	382,478	296,238
Cash at bank and in hand		154,166	216,164
		---------	---------
		536,644	512,402

Creditors: amounts falling due within one year	6	133,125		230,558
		---------		---------
Net current assets			403,519	281,844
			------------	------------
Total assets less current liabilities			2,540,813	2,429,882

Provisions

Taxation including deferred tax	258,897	261,582
	------------	------------
Net assets	2,281,916	2,168,300
	------------	------------

River Don Properties Limited

Statement of Financial Position (continued)

31 October 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Share premium account	39,000	39,000
Investment property fair value revaluation reserve	1,089,849	1,089,849
Profit and loss account	1,152,067	1,038,451
	------------	------------
Shareholders funds	2,281,916	2,168,300
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 were approved by the board of directors and authorised for issue on 29 September 2026 , and are signed on behalf of the board by:

Mr T Wells

Director

Company registration number: 03764622

River Don Properties Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent and services supplied, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	20% straight line

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the revaluation reserve unless a deficit, or its' reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Impairment of fixed assets

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 November 2024	2,100,000	102,267	35,572	6,448	2,244,287
Additions	–	–	–	1,666	1,666
	------------	---------	--------	-------	------------
At 31 October 2025	2,100,000	102,267	35,572	8,114	2,245,953
	------------	---------	--------	-------	------------
Depreciation
At 1 November 2024	–	75,906	13,895	6,448	96,249
Charge for the year	–	6,591	5,420	399	12,410
	------------	---------	--------	-------	------------
At 31 October 2025	–	82,497	19,315	6,847	108,659
	------------	---------	--------	-------	------------
Carrying amount
At 31 October 2025	2,100,000	19,770	16,257	1,267	2,137,294
	------------	---------	--------	-------	------------
At 31 October 2024	2,100,000	26,361	21,677	–	2,148,038
	------------	---------	--------	-------	------------

The directors have reviewed the carrying value of the company property at the year end date and, in knowledge of the current market conditions and following an upward revaluation in the 2021 year, consider that the total portfolio valuation of £2,100,000 remains appropriate to the open market valuation at the year end date (2024: £2,100,000). No depreciation has been charged in relation to the investment property.

5. Debtors

	2025	2024
	£	£
Trade debtors	36,550	32,615
Other debtors	345,928	263,623
	---------	---------
	382,478	296,238
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	3,570
Corporation tax	77,893	29,335
Social security and other taxes	9,209	–
Other creditors	46,023	197,653
	---------	---------
	133,125	230,558
	---------	---------

7. Directors' advances, credits and guarantees

The company was under the effective combined control of the three directors, Mr M J Wells, Mr T Wells and Mr O Wells at the balance sheet date and throughout the year. Loan accounts exist between the company and the directors and other participators in the company. As at 31 October 2025, one of the directors was indebted to the company, by way of loan, in the sum of £119,496 in relation to which no formal repayment terms are in place and interest is not being charged. The net closing debtor balance results from funds advanced to the director, during the year, of £270,526 as against an opening balance of monies owing to this director of £151,030. The closing balance is included in other debtors at note 6 above and to be repaid as soon as possible. In addition, the company is indebted to the other directors and participators, by way of loan, in the combined total of £12,250, this unchanged during the year. There are no formal terms applicable to the above loans and interest is not being charged.

8. Related party transactions

Two of the directors of this company also have an interest in an entity known as Wells Properties. At 31 October 2025, a debtor loan balance of £208,629 (2024: £208,629) existed in relation to Wells Properties, which is not subject to any formal repayment terms, nor is interest being charged. A loan account previously existed between the company and a related company, which shares common directors and shareholders with this company. At the start of the year, there was a balance outstanding and owing to this company of £24,000, which balance has been fully repaid during the year. A loan account also exists as between this company and a related party pension scheme. At 31 October 2025, the debtor loan balance of £17,617 in relation to this entity, remained outstanding and unchanged from the position at the start of the year. There are no formal terms applicable to the above loans and interest is not being charged.