Company Registration No. 01324961 (England and Wales)
RIVERSIDE KNITTING CO. LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022
31 March 2022
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 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
3
352,962
352,962
Capital and reserves
Called up share capital
25,225
25,225
Share premium account
6,422,067
6,422,067
Profit and loss reserves
(6,094,330)
(6,094,330)
Total equity
352,962
352,962
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2022 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 8 December 2022 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 2022
- 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
Reporting period
The company changed its financial reporting date in the previous period to align with reporting dates of an overseas group company. The previous accounting period was 9 months long and hence
comparative amounts presented in the financial statements (including
the related notes) are not entirely comparable
.
1.3
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.
1.4
Investments in subsidiaries are measured at cost less accumulated impairment.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
352,962
352,962
RIVERSIDE KNITTING CO. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
4
Subsidiaries
Details of the company's subsidiaries at 31 March 2022 are as follows:
Name of undertaking
Nature of business
Class of
% Held
shares held
Direct
Springbrook Limited
Dormant
Ordinary
100