Registration number: 9961652

Rivergate Property Limited

Director's Report for the year ended 31 January 2026

The director presents her report and the abridged financial statements for the year ended 31 January 2026.

Director of the company

The director who held office during the year was as follows:

Miss Jayne Watson

Principal activity

The principal activity of the company is Property Investment

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 October 2026
 

......................................... Miss Jayne Watson Director

Rivergate Property Limited

(Registration number: 9961652)
Abridged Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	6	3,914	4,605
Investment property		824,995	824,995
		828,909	829,600
Current assets
Debtors		65	64
Cash at bank and in hand		9,039	10,904
		9,104	10,968
Creditors: Amounts falling due within one year		(158,503)	(5,042)
Net current (liabilities)/assets		(149,399)	5,926
Total assets less current liabilities		679,510	835,526
Creditors: Amounts falling due after more than one year		(554,327)	(720,050)
Provisions for liabilities		(19,004)	(19,004)
Net assets		106,179	96,472
Capital and reserves
Called up share capital		100	100
Revaluation reserve		155,516	155,516
Retained earnings		(49,437)	(59,144)
Shareholders' funds		106,179	96,472

For the financial year ending 31 January 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Rivergate Property Limited

(Registration number: 9961652)
Abridged Balance Sheet as at 31 January 2026

Approved and authorised by the director on 26 October 2026
 

......................................... Miss Jayne Watson Director

Rivergate Property Limited

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Jubilee Cottage
Vicarage Road
Blackawton
Totnes
TQ9 7AY

These financial statements were authorised for issue by the director on 26 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Rivergate Property Limited

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Rivergate Property Limited

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4

Taxation

5	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	691	812

Rivergate Property Limited

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2025	17,742	17,742
At 31 January 2026	17,742	17,742
Depreciation
At 1 February 2025	13,137	13,137
Charge for the year	691	691
At 31 January 2026	13,828	13,828
Carrying amount
At 31 January 2026	3,914	3,914
At 31 January 2025	4,605	4,605

Investment properties

	2026 £
At 1 February	824,995

There has been no valuation of investment property by an independent valuer.

7	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	19,004	19,004
At 31 January 2026	19,004	19,004

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share capital of £1 each	100	100	100	100

Rivergate Property Limited

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share capital of £1 each	100	100	100	100