10/12 Hereward House RTM Company Limited - Limited company accounts 18.2

REGISTERED NUMBER: 05263251 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2019

for

10/12 Hereward House RTM Company Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

M Curley

T Smith

SECRETARY:

REGISTERED OFFICE:

42 Masons Rise

Broadstairs

Kent

CT10 1AZ

REGISTERED NUMBER:

05263251 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

The directors present their report with the financial statements of the company for the year ended 31 December 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property management on behalf of the

residents.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2019 to the date of this

report.

M Curley

T Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

T Smith - Director

14 April 2020

TURNOVER

12,322

9,240

Administrative expenses

4,088

9,647

8,234

(407

)

Interest payable and similar expenses

81

70

SURPLUS/(DEFICIT) BEFORE TAXATION

8,153

(477

)

Tax on surplus/(deficit)

3

-

-

SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR

8,153

(477

)

CURRENT ASSETS

Debtors

4

2,174

177

Cash at bank

5,862

2,739

8,036

2,916

CREDITORS

Amounts falling due within one year

5

360

3,393

NET CURRENT ASSETS/(LIABILITIES)

7,676

(477

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,676

(477

)

RESERVES

Income and expenditure account

7,676

(477

)

7,676

(477

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 14 April 2020 and were signed on its behalf by:

M Curley - Director

1.	STATUTORY INFORMATION

10/12 Hereward House RTM Company Limited is a private company, limited by guarantee , 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

3.

TAXATION

This is a Property Management Company and as such is not liable to tax.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Service Charges in arrears

2,174

177

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

-

1,483

Service Charges prepaid

-

1,550

Accrued expenses

360

360

360

3,393