Riversvale Limited - Accounts to registrar (filleted) - small 18.2

Riversvale Limited - Accounts to registrar (filleted) - small 18.2

RIVERSVALE LIMITED - Company Information

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IRIS Accounts Production v20.3.4.1 05742100 Board of Directors Board of Directors 1.4.19 31.3.20 31.3.20 0 0 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057421002019-03-31057421002020-03-31057421002019-04-012020-03-31057421002018-03-31057421002018-04-012019-03-31057421002019-03-3105742100ns16:EnglandWales2019-04-012020-03-3105742100ns15:PoundSterling2019-04-012020-03-3105742100ns11:Director12019-04-012020-03-3105742100ns11:Director22019-04-012020-03-3105742100ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3105742100ns11:SmallEntities2019-04-012020-03-3105742100ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3105742100ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3105742100ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3105742100ns11:FullAccounts2019-04-012020-03-3105742100ns11:OrdinaryShareClass12019-04-012020-03-3105742100ns6:CurrentFinancialInstruments2020-03-3105742100ns6:CurrentFinancialInstruments2019-03-3105742100ns6:Non-currentFinancialInstruments2020-03-3105742100ns6:Non-currentFinancialInstruments2019-03-3105742100ns6:ShareCapital2020-03-3105742100ns6:ShareCapital2019-03-3105742100ns6:RetainedEarningsAccumulatedLosses2020-03-3105742100ns6:RetainedEarningsAccumulatedLosses2019-03-3105742100ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3105742100ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-3105742100ns11:OrdinaryShareClass12020-03-31
REGISTERED NUMBER: 05742100 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

RIVERSVALE LIMITED
RIVERSVALE LIMITED (REGISTERED NUMBER: 05742100)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Balance Sheet 1

Notes to the Financial Statements 3


RIVERSVALE LIMITED (REGISTERED NUMBER: 05742100)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 317,377 313,937
Debtors 4 34,533 34,533
Cash at bank 25 25
351,935 348,495
CREDITORS
Amounts falling due within one year 5 811,926 800,629
NET CURRENT LIABILITIES (459,991 ) (452,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(459,991
)
(452,134
)

CREDITORS
Amounts falling due after more than one
year
6
400,000
400,000
NET LIABILITIES (859,991 ) (852,134 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (860,091 ) (852,234 )
SHAREHOLDERS' FUNDS (859,991 ) (852,134 )

The notes on pages 3 to 4 form part of these financial statements

Page 1 continued...
RIVERSVALE LIMITED (REGISTERED NUMBER: 05742100)

BALANCE SHEET - continued
31 MARCH 2020


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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2021 and were signed on its behalf by:




Mr M J Saltmarsh - Director



Mr Mark J Saltmarsh - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
RIVERSVALE LIMITED (REGISTERED NUMBER: 05742100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Riversvale Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05742100

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

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

Going concern
The company balance sheets at 31 March 2020 and 2019 are in deficit. The directors are aware of the position, have agreed to support the company during the forthcoming financial year.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 34,533 34,533

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 811,926 800,629

Page 3 continued...
RIVERSVALE LIMITED (REGISTERED NUMBER: 05742100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2020 2019
£    £   
Bank loans (see note 7) 400,000 400,000

7. LOANS

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

20202019
£   £   
Bank loans400,000400,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY TRANSACTIONS

The company was under the control of Mr Michael J Saltmarsh throughout the current and previous year.

Riversvale Ltd provided Greenacre Developments (SW) Ltd, a company under the control of the director Mr Mark J Saltmarsh, a loan of £1,000 which remains owing at 31 March 2020.

10. GOING CONCERN

The company balance sheets at 31 March 2020 and 2019 are in deficit. The directors are aware of the position, have agreed to support the company during the forthcoming financial year.

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