ACCOUNTS - Final Accounts

RIVERVIEW HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueOther business support service activitiesfalse2016-01-01 03287586 2016-01-01 2016-12-31 03287586 2016-12-31 03287586 2015-12-31 03287586 c:Director1 2016-01-01 2016-12-31 03287586 c:Director4 2016-01-01 2016-12-31 03287586 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-12-31 03287586 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2015-12-31 03287586 d:CurrentFinancialInstruments 2016-12-31 03287586 d:CurrentFinancialInstruments 2015-12-31 03287586 d:Non-currentFinancialInstruments 2016-12-31 03287586 d:Non-currentFinancialInstruments 2015-12-31 03287586 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 03287586 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 03287586 d:ShareCapital 2016-12-31 03287586 d:ShareCapital 2015-12-31 03287586 d:RetainedEarningsAccumulatedLosses 2016-12-31 03287586 d:RetainedEarningsAccumulatedLosses 2015-12-31 03287586 c:FRS102 2016-01-01 2016-12-31 03287586 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 03287586 c:FullAccounts 2016-01-01 2016-12-31 03287586 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 03287586 d:Subsidiary1 2016-01-01 2016-12-31 03287586 d:Subsidiary1 1 2016-01-01 2016-12-31 03287586 d:Subsidiary2 2016-01-01 2016-12-31 03287586 d:Subsidiary2 1 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 03287586

RIVERVIEW HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

RIVERVIEW HOLDINGS LIMITED

REGISTERED NUMBER: 03287586

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Investments	4		3		3
			3		3
Current assets
Stocks	5	750,000		750,000
Debtors: amounts falling due within one year	6	3,149,213		3,411,415
Cash at bank and in hand	7	864,520		574,500
		4,763,733		4,735,915
Creditors: amounts falling due within one year	8	(162,481)		(165,409)
Net current assets			4,601,252		4,570,506
Total assets less current liabilities			4,601,255		4,570,509

Net assets			4,601,255		4,570,509

Capital and reserves
Called up share capital	31,173	31,173
Profit and loss account	4,570,082	4,539,336
	4,601,255	4,570,509

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ M L A Rose	................................................ D M Kyte
Director	Director

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RIVERVIEW HOLDINGS LIMITED

REGISTERED NUMBER: 03287586

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2016


Date: 31 August 2017

The notes on pages 3 to 6 form part of these financial statements.

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RIVERVIEW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

The principal activity is that of property trading.
The company is a private company limited by shares and is incorporated in England and Wales.
The address of the Registered Office is 35 Ballards Lane, London, N3 1XW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

These financial statements for the year ended 31 December 2016 are the first financial statements of Riverview Holdings Limited prepared in accordance with FRS 102. The date of the transition to FRS 102 was 1 January 2015.
The transition to FRS 102 Section 1A - Small Entities has resulted in no material changes in accounting policies to those used previously.

The following principal accounting policies have been applied:

2.2

Turnover and revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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RIVERVIEW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and other third parties, which are all measured at amortised cost.

2.7

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.9

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.10

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 0 (2015 - 0).

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RIVERVIEW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

4.	Fixed asset investments

	Investments in subsidiary companies	Unlisted investments	Total
	£	£	£
Cost or valuation
At 1 January 2016	2	1	3
At 31 December 2016	2	1	3

Net book value
At 31 December 2016	2	1	3
At 31 December 2015	2	1	3

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding	Principal activity

	Alphaxa Limited	Ordinary	100%
	Skywoode Estates Limited	Ordinary	100%

	The aggregate of the share capital and reserves as at 31 December 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
		Aggregate of share capital and reserves
		£

	Alphaxa Limited	1
	Skywoode Estates Limited	1
		2

All of the subsidiaries have generated zero profit/loss.

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RIVERVIEW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

5.	Stocks
		2016	2015
		£	£

Stock of trading property	750,000	750,000
	750,000	750,000

Debtors

					2016	2015
					£	£


Other debtors	3,083,803	3,345,923
Prepayments and accrued income	65,410	65,492
	3,149,213	3,411,415

7.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	864,520	574,500
	864,520	574,500

8.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	40,287	40,287
Corporation tax	83,743	92,885
Other taxation and social security	4,348	4,130
Other creditors	273	273
Accruals and deferred income	33,830	27,834
	162,481	165,409

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