Riverside Montrose Ltd - Accounts to registrar (filleted) - small 18.1

Riverside Montrose Ltd - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 07797338(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

RIVERSIDE MONTROSE LTD

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERSIDE MONTROSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 32,025 -
Investments 4 762,290 684,905
794,315 684,905

CURRENT ASSETS
Debtors 5 10,733 4,000
Cash at bank 6,796 8,696
17,529 12,696
CREDITORS
Amounts falling due within one year 6 84,226 63,208
NET CURRENT LIABILITIES (66,697 ) (50,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,618

634,393

CREDITORS
Amounts falling due after more than one year 7 229,309 261,492
NET ASSETS 498,309 372,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 498,209 372,801
SHAREHOLDERS' FUNDS 498,309 372,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 19 June 2018and 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 2018

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 2018

3. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 32,720
At 31 March 2018 32,720
DEPRECIATION
Charge for year 695
At 31 March 2018 695
NET BOOK VALUE
At 31 March 2018 32,025

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017 684,905
Additions 77,385
At 31 March 2018 762,290
NET BOOK VALUE
At 31 March 2018 762,290
At 31 March 2017 684,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Directors' loan accounts 10,000 4,000
Prepayments 733 -
10,733 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 76,229 61,202
Hire purchase contracts 5,733 -
VAT 40 40
Directors' current accounts 624 416
Accrued expenses 1,600 1,550
84,226 63,208

RIVERSIDE MONTROSE LTD (REGISTERED NUMBER: 07797338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 1-2 years 79,784 63,905
Bank loans - 2-5 years 86,658 132,587
Other loans - 2-5 years 37,000 65,000
Hire purchase contracts 25,867 -
229,309 261,492

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 242,671 257,694
Other loans 37,000 65,000
279,671 322,694

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.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

2018 2017
£    £   
K R J Graham
Balance outstanding at start of year 4,000 -
Amounts advanced 10,000 7,000
Amounts repaid (4,000 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 4,000