Riverdeal Ltd - Accounts to registrar (filleted) - small 22.3

Riverdeal Ltd - Accounts to registrar (filleted) - small 22.3


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REGISTERED NUMBER: 04317137 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

RIVERDEAL LTD

RIVERDEAL LTD (REGISTERED NUMBER: 04317137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RIVERDEAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: D Katz
Mrs S Katz





SECRETARY: Mrs S Katz





REGISTERED OFFICE: 23A Ashtead Road
Stamford Hill
London
E5 9BJ





REGISTERED NUMBER: 04317137 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

RIVERDEAL LTD (REGISTERED NUMBER: 04317137)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,125 2,500
Investment property 5 770,000 770,000
772,125 772,500

CURRENT ASSETS
Debtors 6 463,377 469,696
Cash at bank 36,525 31,736
499,902 501,432
CREDITORS
Amounts falling due within one year 7 (458,437 ) (440,898 )
NET CURRENT ASSETS 41,465 60,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,590

833,034

CREDITORS
Amounts falling due after more than one
year

8

(381,659

)

(386,727

)
NET ASSETS 431,931 446,307

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 301,275 301,275
Retained earnings 10 130,655 145,031
SHAREHOLDERS' FUNDS 431,931 446,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

RIVERDEAL LTD (REGISTERED NUMBER: 04317137)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by:





D Katz - Director


RIVERDEAL LTD (REGISTERED NUMBER: 04317137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Riverdeal Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2021
and 31 March 2022 15,596
DEPRECIATION
At 1 April 2021 13,096
Charge for year 375
At 31 March 2022 13,471
NET BOOK VALUE
At 31 March 2022 2,125
At 31 March 2021 2,500

RIVERDEAL LTD (REGISTERED NUMBER: 04317137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 770,000
NET BOOK VALUE
At 31 March 2022 770,000
At 31 March 2021 770,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2008 266,771
Valuation in 2009 34,504
Cost 468,725
770,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 16,398 22,525
Other debtors 446,979 447,171
463,377 469,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other creditors 458,437 440,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 381,659 386,727

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 368,136 368,136

Repayable by instalments
Bank loans more 5 yr by instal 13,523 18,591

RIVERDEAL LTD (REGISTERED NUMBER: 04317137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2021 145,031 301,275 446,306
Deficit for the year (14,376 ) (14,376 )
At 31 March 2022 130,655 301,275 431,930

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Katz.