RIVERDALE_ASSETS_LIMITED - Accounts

The average number of persons (including directors) employed by the company during the year was 1 (2016 - 1).

This relates entirely to the 5% redeemable non-cumulative preference shares. These shares carry an entitlement to dividend at the rate of 5p per share per annum (non-cumulative) and may be redeemed, wholly or partially, at par per share at any time within twenty years from the date of issue. The preference shares shall otherwise be redeemable twenty years after issue by 8 June 2019. The redeemable preference shares do not carry any voting rights. The holders of the redeemable preference shares have priority over the ordinary shareholders in a winding up.

The 5% preference shares are non equity shares and meet the definition of a financial liability as defined by FRS 25 and as such have been reclassified as debt and not equity.

Riverdale Assets Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Wherry Lane, Ipswich, Suffolk, IP4 1LG.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.

For the year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.