Company Registration No. 01324961 (England and Wales)
RIVERSIDE KNITTING CO. LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2019
31 March 2019
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
RIVERSIDE KNITTING CO. LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RIVERSIDE KNITTING CO. LTD
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
2
54,623
54,623
Capital and reserves
Called up share capital
25,225
25,225
Share premium account
6,422,067
6,422,067
Profit and loss reserves
(6,392,669)
(6,392,669)
Total equity
54,623
54,623
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 December 2019 and are signed on its behalf by:
S Chippendale
Director
Company Registration No. 01324961
RIVERSIDE KNITTING CO. LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Riverside Knitting Co. Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Sandringham Court, Bentley Wood Way, Burnley, Lancashire, BB11 5PY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
Investments in subsidiaries are measured at cost less accumulated impairment.
2
Fixed asset investments
2019
2018
£
£
Investments
54,623
54,623
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2018 & 31 March 2019
9,887,292
Impairment
At 1 April 2018 & 31 March 2019
9,832,669
Carrying amount
At 31 March 2019
54,623
At 31 March 2018
54,623
RIVERSIDE KNITTING CO. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
3
Subsidiaries
Details of the company's subsidiaries at 31 March 2019 are as follows:
Name of undertaking
Nature of business
Class of
% Held
shares held
Direct
Springbrook Limited
Dormant
Ordinary
100.00