Riverprize Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04357674 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

RIVERPRIZE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs G Patel

Mrs D Patel

SECRETARY:

Mrs D Patel

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

04357674 (England and Wales)

ACCOUNTANTS:

David G Simon & Co Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

369

864

369

864

CURRENT ASSETS

Debtors

31,321

31,875

Cash at bank and in hand

15,176

14,419

46,497

46,294

CREDITORS

Amounts falling due within one year

4

136,052

127,838

NET CURRENT LIABILITIES

(89,555

)

(81,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,186

)

(80,680

)

CREDITORS

Amounts falling due after more than one year

4

18,381

46,842

NET LIABILITIES

(107,567

)

(127,522

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(107,667

)

(127,622

)

SHAREHOLDERS' FUNDS

(107,567

)

(127,522

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 October 2014 and were signed on its behalf by:

Mrs G Patel - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis and the directors confirm their belief in

the company's ability to continue as a going concern for a period of at least twelve months from the date of

approval of these financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Franchises

Franchises are valued at cost less accumulated amortisation.Amortisation is calculated to write off the cost in

equal annual instalments over the period of the franchise agreement.

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

41,000

AMORTISATION

At 1 February 2013

and 31 January 2014

41,000

NET BOOK VALUE

At 31 January 2014

-

At 31 January 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

99,655

DEPRECIATION

At 1 February 2013

98,791

Charge for year

495

At 31 January 2014

99,286

NET BOOK VALUE

At 31 January 2014

369

At 31 January 2013

864

4.

CREDITORS

Creditors include an amount of £ 50,539 (2013 - £ 79,787 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100