Riverside Montrose Ltd - Accounts to registrar - small 17.2

Riverside Montrose Ltd - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 07797338(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

RIVERSIDE MONTROSE LTD

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERSIDE MONTROSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: K R J Graham





REGISTERED OFFICE: 2 Mill Road
Haverhill
Suffolk
CB9 8BD





REGISTERED NUMBER: 07797338(England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
2 Mill Road
Haverhill
Suffolk
CB9 8BD

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 3 684,905 649,730

CURRENT ASSETS
Debtors 4 4,000 -
Cash at bank 8,696 5,969
12,696 5,969
CREDITORS
Amounts falling due within one year 5 63,208 77,584
NET CURRENT LIABILITIES (50,512 ) (71,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

634,393

578,115

CREDITORS
Amounts falling due after more than one
year

6

261,492

338,903
NET ASSETS 372,901 239,212

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 372,801 239,112
SHAREHOLDERS' FUNDS 372,901 239,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7 September 2017and were signed by:





K R J Graham- Director


RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Riverside Montrose Ltd is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Riverside Montrose Ltd as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of
VAT.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2016 649,730
Additions 35,175
At 31 March 2017 684,905
NET BOOK VALUE
At 31 March 2017 684,905
At 31 March 2016 649,730

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Directors' loan accounts 4,000 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 61,202 51,105
Social security and other taxes - 90
VAT 40 3
Directors' current accounts 416 208
Directors' loan accounts - 24,683
Accrued expenses 1,550 1,495
63,208 77,584

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 63,905 61,456
Bank loans - 2-5 years 132,587 202,447
Other loans - 2-5 years 65,000 75,000
261,492 338,903

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 257,694 315,008
Other loans 65,000 75,000
322,694 390,008

The loans are secured by a personal guarantee given by the director, K R J Graham.

The bank loan is also secured by a Debenture over the assets of the company.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and
31 March 2016:

2017 2016
£    £   
K R J Graham
Balance outstanding at start of year - -
Amounts advanced 7,000 -
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K R J Graham.