Riversvale Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05742100 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

RIVERSVALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Saltmarsh

Mr Mark J Saltmarsh

REGISTERED OFFICE:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

REGISTERED NUMBER:

05742100 (England and Wales)

CURRENT ASSETS

Stocks

253,790

230,960

Debtors

3

34,533

34,533

Cash at bank

25

25

288,348

265,518

CREDITORS

Amounts falling due within one year

4

728,588

697,702

NET CURRENT LIABILITIES

(440,240

)

(432,184

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(440,240

)

(432,184

)

CREDITORS

Amounts falling due after more than one year

5

400,000

400,000

NET LIABILITIES

(840,240

)

(832,184

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(840,340

)

(832,284

)

SHAREHOLDERS' FUNDS

(840,240

)

(832,184

)

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 directors acknowledge their 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 22 December 2017 and were signed on its behalf by:

Mr Mark J Saltmarsh - Director

Mr M J Saltmarsh - Director

1.	STATUTORY INFORMATION

Riversvale Limited 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.

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.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term

contracts and contracts for on-going services is recognised by reference to the stage of completion.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Going concern

The company balance sheets at 31 March 2017 and 2016 are in deficit. The directors are aware of the

position, have agreed to support the company during the forthcoming financial year.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

34,533

34,533

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

728,588

697,702

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans (see note 6)

400,000

400,000

6.

LOANS

The following liabilities disclosed under creditors falling due after more than one year are secured by

the company:

2017

2016

£

£

Bank loans

400,000

400,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY TRANSACTIONS

The company was under the control of Mr Michael J Saltmarsh throughout the current and previous

year.

Riversvale Ltd provided Greenacre Developments (SW) Ltd, a company under the control of the

director Mr Mark J Saltmarsh, a loan of £1,000 which remains owing at 31 March 2017.

9.	GOING CONCERN

The company balance sheets at 31 March 2017 and 2016 are in deficit. The directors are aware of the

position, have agreed to support the company during the forthcoming financial year.

10.	FIRST YEAR ADOPTION - FRS 102 1A

No transitional adjustments are required.