Riverside N11 Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09192314 (England and Wales)

RIVERSIDE N11 LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

U L Patel

REGISTERED OFFICE:

71-75 Shelton Street

London

WC2H 9JQ

REGISTERED NUMBER:

09192314 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

1 Olympic Way

Wembley

Middlesex

HA9 0NP

CURRENT ASSETS

Stocks

2,315,686

2,158,334

Debtors

201,180

-

Cash at bank

1,795

2,157

2,518,661

2,160,491

CREDITORS

Amounts falling due within one year

2

986,593

1,185,426

NET CURRENT ASSETS

1,532,068

975,065

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,068

975,065

CREDITORS

Amounts falling due after more than one
year

2

1,550,346

1,014,023

NET LIABILITIES

(18,278

)

(38,958

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(18,378

)

(39,058

)

SHAREHOLDERS' FUNDS

(18,278

)

(38,958

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 May 2017 and were signed by:

U L Patel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the net amount invoiced for goods sold and services provided, excluding VAT.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Going concern

The Financial Statements have been prepared on a going concern basis, as the director has confirmed that

funds will continue to be made available for the company to meet its day to day commitments for the foreseeable

future. The financial statements do not include any adjustments that might result from the withdrawal of this

support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation

of these financial statements.

2.

CREDITORS

Creditors include an amount of £ 1,928,937 (2015 - £ 1,108,529 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

1,013,089

755,029

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary A

1

50

Ordinary B

1

50

100

All ordinary shares are ranked pari passu in all respects.