Riverdale Developments Limited in Morden, SM4 4NE

Description

Data updated on: 01-11-2023

Riverdale Developments began its business in the year 2004 as a Private Limited Company with reg. no. 05107050. This company has been prospering for 20 years and it's currently active. The company's office is located in Morden at O'brien House. Anyone can also find this business by its postal code of SM4 4NE. The firm's classified under the NACE and SIC code 41100 meaning Development of building projects. Riverdale Developments Ltd reported its account information for the financial period up to 31st March 2023. The company's latest confirmation statement was submitted on 1st June 2023.

The company owes its well established position on the market and unending growth to a group of five directors, namely Edward O., James H., Louise O. and 2 other directors have been described below, who have been managing the company since May 2021. In order to find professional help with legal documentation, this company has been utilizing the skills of Louise O. as a secretary since 2020.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-03-31	2017-03-31	2018-03-31
Currency

Balance Sheet
Cash Bank On Hand	3 435 356	2 286 797	5 250 156
Current Assets		32 483 059	37 595 270
Debtors	861 029	1 056 997	147 830
Net Assets Liabilities		6 251 834	7 438 065
Other Debtors	337 762	837 667	25 416
Property Plant Equipment	291 500	279 350	268 058
Total Inventories	18 576 851	29 139 265	32 197 284

Other Financial Data
Audit Fees Expenses	6 000	10 000	12 000
Other Non-audit Services Fees	4 000	5 000	7 200
Accrued Liabilities Deferred Income			60 000
Accumulated Depreciation Impairment Property Plant Equipment	56 764	68 914	73 000
Additions Other Than Through Business Combinations Property Plant Equipment			944
Administrative Expenses	679 248	855 422	1 052 668
Amounts Owed By Group Undertakings	337 900
Amounts Owed To Group Undertakings	6 448 431	20 098 233	28 320 238
Average Number Employees During Period	10	16	16
Bank Borrowings	8 679 274	1 556 758
Bank Borrowings Overdrafts	9 185 701	63 185
Corporation Tax Payable	106 494	359 494
Corporation Tax Recoverable			59 144
Cost Sales	12 061 140	20 637 408	26 401 858
Creditors	9 185 701	63 185	30 425 263
Current Tax For Period	296 494	649 492	280 853
Depreciation Expense Property Plant Equipment	13 500	12 150	12 236
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	166 766	7 122 516	1 556 758
Further Item Tax Increase Decrease Component Adjusting Items	-67 183
Income Taxes Paid Refund Classified As Operating Activities	-317 695	-396 492	-699 491
Increase Decrease In Current Tax From Adjustment For Prior Periods	59 645
Increase From Depreciation Charge For Year Property Plant Equipment		12 150	12 236
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	41 939	36 859
Interest Income On Bank Deposits	3 026	3 254
Interest Payable Similar Charges Finance Costs	41 939	36 859
Interest Received Classified As Investing Activities	-3 026	-3 254	-870
Issue Bonus Shares Decrease Increase In Equity			-999 999
Net Cash Flows From Used In Operating Activities	3 195 366	-5 786 653	-6 704 241
Net Cash Generated From Operations	2 835 732	-6 220 004	-7 403 732
Net Current Assets Liabilities		6 035 669	7 170 007
Net Finance Income Costs	3 026	3 254	870
Net Interest Paid Received Classified As Operating Activities	-41 939	-36 859
Operating Profit Loss	1 843 647	3 268 088	1 466 214
Other Creditors	1 024 000	1 313 820	1 150 000
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			8 150
Other Disposals Property Plant Equipment			8 150
Other Remaining Borrowings	2 000 000	2 184 050
Other Taxation Social Security Payable		6 987	1 494
Pension Other Post-employment Benefit Costs Other Pension Costs	18 788	20 592	33 643
Proceeds From Borrowings Classified As Financing Activities	-2 000 000	-184 050
Profit Loss	1 448 595	2 584 991	1 186 231
Property Plant Equipment Gross Cost	348 264	348 264	341 058
Purchase Property Plant Equipment			-944
Repayments Borrowings Classified As Financing Activities			-2 184 050
Social Security Costs	42 186	61 942	80 422
Staff Costs Employee Benefits Expense	415 860	603 305	769 801
Tax Increase Decrease From Effect Capital Allowances Depreciation	2 184	2 007	1 963
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	546	588	144
Tax Tax Credit On Profit Or Loss On Ordinary Activities	356 139	649 492	280 853
Total Assets Less Current Liabilities		6 315 019	7 438 065
Total Borrowings		63 185
Total Current Tax Expense Credit	356 139	649 492
Trade Creditors Trade Payables	1 239 694	991 233	893 531
Trade Debtors Trade Receivables	185 367	219 330	63 270
Turnover Revenue	14 584 035	24 760 918	28 920 740
Wages Salaries	354 886	520 771	655 736
Work In Progress	18 576 851	29 139 265
Company Contributions To Defined Benefit Plans Directors	12 000	12 500	31 375