Riverview Gardens (Freehold) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05598939 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

RIVERVIEW GARDENS (FREEHOLD) LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

E J Dallas-Ross

O Collins

A Dimopoulos

D S Hughes

A E Lord

SECRETARY:

LBCO Secretaries Limited

REGISTERED OFFICE:

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

REGISTERED NUMBER:

05598939 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

T/A Lees-Buckley & Co

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company is the ownership of the freehold of the Riverview Gardens Estate, London SW13 and the management of the property.

DIRECTORS

E J Dallas-Ross has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

O Collins - appointed 11 October 2024

A Dimopoulos - appointed 30 September 2024

D S Hughes - appointed 8 October 2024

A E Lord was appointed as a director after 31 December 2024 but prior to the date of this report.

D I McBride ceased to be a director after 31 December 2024 but prior to the date of this report.

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

BY ORDER OF THE BOARD:

LBCO Secretaries Limited - Secretary

11 November 2025

TURNOVER

5

155

Administrative expenses

(4,397

)

(3,699

)

OPERATING LOSS

(4,392

)

(3,544

)

Interest receivable and similar income

4,383

2,492

LOSS BEFORE TAXATION

(9

)

(1,052

)

Tax on loss

-

LOSS FOR THE FINANCIAL YEAR

(9

)

(1,052

)

FIXED ASSETS

Investment property

5

60,541

CURRENT ASSETS

Debtors

6

1,278,457

726,973

Cash at bank

-

193,745

1,278,457

920,718

CREDITORS

Amounts falling due within one year

7

225,501

62,093

NET CURRENT ASSETS

1,052,956

858,625

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,113,497

919,166

CREDITORS

Amounts falling due after more than one
year

8

955,765

761,425

NET ASSETS

157,732

157,741

CAPITAL AND RESERVES

Called up share capital

128

Retained earnings

9

157,604

157,613

SHAREHOLDERS' FUNDS

157,732

157,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

D S Hughes - Director

1.	STATUTORY INFORMATION

Riverview Gardens (Freehold) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Service Charge Balances

The company is trustee for the service charge of its freehold property and related expenditure is commissioned in its own (company) name. Accordingly, and whilst service charge income and expenditure have been excluded from the Profit and Loss Account, related assets and liabilities are recorded in the Balance Sheet with movement therein shown in notes to the financial statements.

Turnover

Turnover represents ground rents and licence fees receivable.

Investment property

No depreciation is provided on the freehold investment property.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	SERVICE CHARGE FUND

During the year the company received contributions from the lessees of Riverview Gardens, London SW13 in

respect of the management of the property. The movement of those funds during the year was as follows;

31.12.24

31.12.23

£

Contributions receivable from lessees

Service charge demands

374,998

342,998

Service charge expenditure

(471,409

)

(360,838

)

(96,411

)

(17,840

)

Transfer from reserve fund

0

17,840

Excess service charge demandable

(96,411

)

0

5.	INVESTMENT PROPERTY

Freehold Property At Cost

31.12.24

31.12.23

£

Playground

24,168

Porter's area, store and parking space

12,084

Lock-up garage

12,084

Bicycle sheds and cellars

12,084

Reversion

121

60,541

The company owns the freehold of Riverview Gardens, London SW13, subject to long leases granted to the

members of the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Lessee arrears

11,403

13,029

Funds held by managing agents*

1,106,573

703,564

Excess service charge demandable

96,411

-

Other debtors

10,292

10,380

Prepayments and accrued income

53,778

-

1,278,457

726,973

*Held in one interest bearing account in the name of "Tideway Management Limited Client Account re Riverview Gardens (Freehold) Limited" with Bank of Scotland Plc.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Lessee account balances

144,454

1,736

Trade creditors

44,165

19,402

Other creditors

4,632

8,663

Accrued expenses

32,250

32,292

225,501

62,093

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Shareholder loans

91,229

Service charge reserve fund

(Note 10)

864,536

670,196

955,765

761,425

9.

RESERVES

Retained

earnings

£

At 1 January 2024

157,613

Deficit for the year

(9

)

At 31 December 2024

157,604

10.	SERVICE CHARGE RESERVE FUND

31.12.24

31.12.23

£

Balance at 01.01.24

670,196

314,056

Reserve demands

400,000

Transfer to annual service charge expenditure

0

(17,840

)

Major works expenditure in year

(205,660

)

(26,020

)

Balance at 31.12.24

864,536

670,196

The balance of reserves represents a provision for the major works programme as advised by the company's

surveyors.