Riverside Hub Limited - Accounts to registrar (filleted) - small 18.2

Riverside Hub Limited - Accounts to registrar (filleted) - small 18.2

RIVERSIDE HUB LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 08359534 Board of Directors 1.4.19 31.3.20 31.3.20 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083595342019-03-31083595342020-03-31083595342019-04-012020-03-31083595342018-03-31083595342018-04-012019-03-31083595342019-03-3108359534ns16:EnglandWales2019-04-012020-03-3108359534ns15:PoundSterling2019-04-012020-03-3108359534ns11:Director12019-04-012020-03-3108359534ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3108359534ns11:SmallEntities2019-04-012020-03-3108359534ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3108359534ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3108359534ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3108359534ns11:AbridgedAccounts2019-04-012020-03-3108359534ns11:OrdinaryShareClass12019-04-012020-03-3108359534ns11:Director22019-04-012020-03-3108359534ns11:RegisteredOffice2019-04-012020-03-3108359534ns6:CurrentFinancialInstruments2020-03-3108359534ns6:CurrentFinancialInstruments2019-03-3108359534ns6:ShareCapital2020-03-3108359534ns6:ShareCapital2019-03-3108359534ns6:RetainedEarningsAccumulatedLosses2020-03-3108359534ns6:RetainedEarningsAccumulatedLosses2019-03-3108359534ns6:LandBuildingsns6:ShortLeaseholdAssets2019-04-012020-03-3108359534ns6:PlantMachinery2019-04-012020-03-3108359534ns6:FurnitureFittings2019-04-012020-03-3108359534ns6:ComputerEquipment2019-04-012020-03-3108359534ns6:WithinOneYear2020-03-3108359534ns6:WithinOneYear2019-03-3108359534ns6:BetweenOneFiveYears2020-03-3108359534ns6:BetweenOneFiveYears2019-03-3108359534ns6:AllPeriods2020-03-3108359534ns6:AllPeriods2019-03-3108359534ns11:OrdinaryShareClass12020-03-31
REGISTERED NUMBER: 08359534 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Riverside Hub Limited
Riverside Hub Limited (Registered number: 08359534)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Riverside Hub Limited

Company Information
for the Year Ended 31 March 2020







DIRECTORS: Mrs V Potter
Mr E Potter





REGISTERED OFFICE: 1 Billing Road
Northampton
Northamptonshire
NN1 5AL





REGISTERED NUMBER: 08359534 (England and Wales)





ACCOUNTANTS: Cottons Accountants LLP
1 Billing Road
Northampton
Northamptonshire
NN1 5AL
Page 1
Riverside Hub Limited (Registered number: 08359534)

Abridged Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 858,223 832,657
Investments 5 474,089 102,375
1,332,312 935,032

CURRENT ASSETS
Stocks 25,600 54,000
Debtors 23,839 34,957
Cash at bank and in hand 500,253 682,293
549,692 771,250
CREDITORS
Amounts falling due within one year 326,084 398,058
NET CURRENT ASSETS 223,608 373,192
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,555,920
1,308,224

PROVISIONS FOR LIABILITIES 98,346 78,210
NET ASSETS 1,457,574 1,230,014

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,457,572 1,230,012
SHAREHOLDERS' FUNDS 1,457,574 1,230,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 2 continued...
Riverside Hub Limited (Registered number: 08359534)

Abridged Balance Sheet - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:





Mr E Potter - Director


The notes form part of these financial statements

Page 3
Riverside Hub Limited (Registered number: 08359534)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Riverside Hub 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Play Equipment - 10% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Government grants
Grants which relate to revenue are recognised in Other income in the period the costs are incurred for which the grant is intended to compensate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 4 continued...
Riverside Hub Limited (Registered number: 08359534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments comprise investments in quoted equity instruments which are measured at fair value at the balance sheet date. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2019 - 81 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 1,684,872
Additions 251,556
At 31 March 2020 1,936,428
DEPRECIATION
At 1 April 2019 852,215
Charge for year 225,990
At 31 March 2020 1,078,205
NET BOOK VALUE
At 31 March 2020 858,223
At 31 March 2019 832,657

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2019 102,375
Additions 400,000
Revaluations (28,286 )
At 31 March 2020 474,089
NET BOOK VALUE
At 31 March 2020 474,089
At 31 March 2019 102,375

Page 5 continued...
Riverside Hub Limited (Registered number: 08359534)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2020 is represented by:
Totals
£   
Valuation in 2019 2,375
Valuation in 2020 (28,286 )
Cost 500,000
474,089

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2020 2019
£    £   
Within one year 125,000 125,000
Between one and five years 270,833 395,833
395,833 520,833

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
2 Ordinary £1 2 2

Page 6