Riverview Securities Limited 31/12/2020 iXBRL

Riverview Securities Limited 31/12/2020 iXBRL

RIVERVIEW SECURITIES LIMITED - Company Information

Print Friendly Version

0 31/12/2020 2020-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-01-01 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 03481195 2020-01-01 2020-12-31 03481195 2020-12-31 03481195 2019-12-31 03481195 2019-12-31 03481195 core:FurnitureFittingsToolsEquipment 2020-01-01 2020-12-31 03481195 bus:RegisteredOffice 2020-01-01 2020-12-31 03481195 bus:LeadAgentIfApplicable 2020-01-01 2020-12-31 03481195 bus:Director1 2020-01-01 2020-12-31 03481195 bus:Director2 2020-01-01 2020-12-31 03481195 bus:CompanySecretary1 2020-01-01 2020-12-31 03481195 core:FurnitureFittingsToolsEquipment 2019-12-31 03481195 core:LandBuildings core:OwnedOrFreeholdAssets 2020-12-31 03481195 core:FurnitureFittingsToolsEquipment 2020-12-31 03481195 core:AfterOneYear 2020-12-31 03481195 core:AfterOneYear 2019-12-31 03481195 core:WithinOneYear 2020-12-31 03481195 core:WithinOneYear 2019-12-31 03481195 core:ShareCapital 2020-12-31 03481195 core:ShareCapital 2019-12-31 03481195 core:HedgingReserve 2020-12-31 03481195 core:HedgingReserve 2019-12-31 03481195 core:RetainedEarningsAccumulatedLosses 2020-12-31 03481195 core:RetainedEarningsAccumulatedLosses 2019-12-31 03481195 core:LandBuildings core:OwnedOrFreeholdAssets 2019-12-31 03481195 core:FurnitureFittingsToolsEquipment 2019-12-31 03481195 bus:Director1 2020-12-31 03481195 bus:Director1 2019-12-31 03481195 bus:SmallEntities 2020-01-01 2020-12-31 03481195 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 03481195 bus:FullAccounts 2020-01-01 2020-12-31 03481195 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 03481195 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Company registration number: 03481195
Riverview Securities Limited
Unaudited filleted financial statements
31 December 2020
Riverview Securities Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Riverview Securities Limited
Directors and other information
Directors Mr R A Cutt
Miss G C Morton
Secretary R A Cutt
Company number 03481195
Registered office 54 Knifesmithgate
Chesterfield
Derbyshire
S40 1RQ
Accountants Howard Matthews Partnership
Lidgett House
56 Lidgett Lane
Garforth
Leeds
LS25 1LL
Bankers HSBC
Market Place
Chesterfield
Derbyshire
S40 1TN
Riverview Securities Limited
Statement of financial position
31 December 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 4 519,015 519,017
_______ _______
519,015 519,017
Current assets
Debtors 5 2,120 2,140
Cash at bank and in hand 33,077 20,061
_______ _______
35,197 22,201
Creditors: amounts falling due
within one year 6 ( 4,316) ( 4,423)
_______ _______
Net current assets 30,881 17,778
_______ _______
Total assets less current liabilities 549,896 536,795
Creditors: amounts falling due
after more than one year 7 ( 187,000) ( 187,000)
Provisions for liabilities ( 41,082) ( 41,082)
_______ _______
Net assets 321,814 308,713
_______ _______
Capital and reserves
Called up share capital 100 100
Fair value reserve 172,978 172,978
Profit and loss account 148,736 135,635
_______ _______
Shareholders funds 321,814 308,713
_______ _______
For the year ending 31 December 2020 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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2021 , and are signed on behalf of the board by:
Mr R A Cutt
Director
Company registration number: 03481195
Riverview Securities Limited
Notes to the financial statements
Year ended 31 December 2020
1. General information
The company is a private company limited by shares, registered in England and Wales, registration number 03481195 . The address of the registered office is 54 Knifesmithgate, Chesterfield, Derbyshire, S40 1RQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
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.
Turnover
Turnover is rental income received in the accounting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2020 and 31 December 2020 519,001 7,235 526,236
_______ _______ _______
Depreciation
At 1 January 2020 - 7,219 7,219
Charge for the year - 2 2
_______ _______ _______
At 31 December 2020 - 7,221 7,221
_______ _______ _______
Carrying amount
At 31 December 2020 519,001 14 519,015
_______ _______ _______
At 31 December 2019 519,001 16 519,017
_______ _______ _______
5. Debtors
2020 2019
£ £
Other debtors 2,120 2,140
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Corporation tax 3,073 3,444
Other creditors 1,243 979
_______ _______
4,316 4,423
_______ _______
7. Creditors: amounts falling due after more than one year
2020 2019
£ £
Bank loans and overdrafts 187,000 187,000
_______ _______
8. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2020 2019
£ £
Mr R A Cutt 343 343
_______ _______
9. Controlling party
The company is controlled by R A Cutt by virtue of his majority shareholding.