Accounts filed on 31-03-2019

Accounts filed on 31-03-2019

RIVERSIDE MONTROSE LTD - Company Information

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Registered number: 07797338
Riverside Montrose Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019
Prepared By:
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Riverside Montrose Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019
DIRECTORS
Kevin Graham
REGISTERED OFFICE
3a Springfield Road
Ashley Cross
Poole
Dorset
BH14 0LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07797338
ACCOUNTANTS
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Riverside Montrose Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2019
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Riverside Montrose Limited
BALANCE SHEET AT 31 March 2019
20192018
Notes££
FIXED ASSETS
Tangible assets224,01932,025
Investment Assets3762,290762,290
786,309794,315
CURRENT ASSETS
Debtors410,10010,733
Cash at bank and in hand10,6666,796
20,76617,529
CREDITORS: Amounts falling due within one year5100,64184,226
NET CURRENT LIABILITIES(79,875)(66,697)
TOTAL ASSETS LESS CURRENT LIABILITIES706,434727,618
CREDITORS: Amounts falling due after more than one year6113,755229,309
NET ASSETS592,679498,309
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account592,579498,209
SHAREHOLDERS' FUNDS592,679498,309
For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 June 2019 and signed on their behalf by
.............................
Kevin Graham
Director
Riverside Montrose Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor Carsreducing balance 25%
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. TANGIBLE FIXED ASSETS
Motor CarsTotal
££
Cost
At 1 April 201832,72032,720
At 31 March 201932,72032,720
Depreciation
At 1 April 2018695695
For the year8,0068,006
At 31 March 20198,7018,701
Net Book Amounts
At 31 March 201924,01924,019
At 31 March 201832,02532,025
3. FiNANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 April 2018762,290762,290
At 31 March 2019762,290762,290
Amortisation
Net Book Amounts
At 31 March 2019762,290762,290
At 31 March 2018762,290762,290
Riverside Montrose Limited
4. DEBTORS 20192018
££
Amounts falling due within one year
VAT100-
Prepayments-733
Directors current account10,00010,000
10,10010,733
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
VAT-40
Directors current account832624
Loans79,45576,229
Hire purchase19,2545,733
Accruals1,1001,600
100,64184,226
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Bank loans (secured) >1yr87,187166,442
Loans >1yr20,00037,000
Hire purchase >1yr6,56825,867
113,755229,309
Loans are repayable as follows: within 1 to 2 years £81,831 (£79,784 2018), within 2 to 5 years £25,356 (£123,658 2018). The loans are secured by a personal guarantee given by the director, Kevin Graham. The bank loan is also secured by a debenture over the assets of the company.
7. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100