Abbreviated Company Accounts - RIVERMILL PARTNERS LIMITED

RIVERMILL PARTNERS LIMITED - Company Information

00540037 RIVERMILL PARTNERS LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 00540037 2015-10-01 2016-09-30 00540037 2016-09-30 00540037 2015-09-30 00540037 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 00540037 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 00540037

RIVERMILL PARTNERS LIMITED

Abbreviated Accounts

30 September 2016

RIVERMILL PARTNERS LIMITED Registered Number 00540037

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	9,375	10,625
Tangible assets	3	2,178	161,301
Investments	4	450,483	63,483
		462,036	235,409
Current assets
Debtors		142,602	144,421
Cash at bank and in hand		176	176
		142,778	144,597
Creditors: amounts falling due within one year		(187,697)	(188,296)
Net current assets (liabilities)		(44,919)	(43,699)
Total assets less current liabilities		417,117	191,710
Creditors: amounts falling due after more than one year		(5,100)	(5,100)
Total net assets (liabilities)		412,017	186,610
Capital and reserves
Called up share capital	5	28,120	28,120
Share premium account		12,258	12,258
Profit and loss account		371,639	146,232
Shareholders' funds		412,017	186,610

For the year ending 30 September 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 July 2017

And signed on their behalf by:
Tim Yeo, Director

RIVERMILL PARTNERS LIMITED Registered Number 00540037

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings 25% reducing balance
Office equipment 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Amortisation is provided at the following rates:

Goodwill 5% straight line

Other accounting policies
Investments held as fixed assets are shown at cost less provision for impairment.

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2Intangible fixed assets

	£
Cost
At 1 October 2015	25,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	25,000
Amortisation
At 1 October 2015	14,375
Charge for the year	1,250
On disposals	-
At 30 September 2016	15,625
Net book values
At 30 September 2016	9,375
At 30 September 2015	10,625

3Tangible fixed assets

	£
Cost
At 1 October 2015	188,253
Additions	-
Disposals	(158,397)
Revaluations	-
Transfers	-
At 30 September 2016	29,856
Depreciation
At 1 October 2015	26,952
Charge for the year	726
On disposals	-
At 30 September 2016	27,678
Net book values
At 30 September 2016	2,178
At 30 September 2015	161,301

4Fixed assets Investments
Listed investments

Cost or valuation

At 1 October 2015 and 30 September 2016 £42,813

Net book value

At 30 September 2016 £42,813
At 30 September 2015 £42,813

Unlisted investments

Cost or valuation

At 1 October 2015 £20,670
Additions £387,000
At 30 September 2016 £407,670

Net book value

At 30 September 2016 £407,670
At 30 September 2015 £20,670

Total

Cost or valuation

At 1 October 2015 £63,483
Additions £387,000
At 30 September 2016 £450,483

Net book value

At 30 September 2016 £450,483
At 30 September 2015 £63,483

The market value of the listed investments at 30 September 2016 was £33,472 (2015 - £59,111)

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
562,400 Ordinary shares of £0.05 each	28,120	28,120