Laurel Manor Rtm Company Limited - Limited company accounts 20.1

REGISTERED NUMBER: 06901040 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2019

for

LAUREL MANOR 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:

Ms M O'Brien

B C Putt

Mrs K A Zonfrillo

J H Rayner

E J Eggs

C R Ball

S A Bastin

Mrs S Hallam

SECRETARY:

M Waters

REGISTERED OFFICE:

6 Lind Road

Sutton

Surrey

SM1 4PJ

REGISTERED NUMBER:

06901040 (England and Wales)

ACCOUNTANTS:

A W Associates

Regus Building

Wellington Way

Brooklands Business Park

Weybridge

Surrey

KT13 0TT

The directors present their report with the financial statements of the company for the year ended 30 September 2019.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2018 to

the date of this report.

Ms M O'Brien

B C Putt

Mrs K A Zonfrillo

J H Rayner

E J Eggs

C R Ball

S A Bastin

Other changes in directors holding office are as follows:

M H Clark - deceased 2 January 2019

Mrs S Hallam - appointed 15 July 2019

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:

C R Ball - Director

29 May 2020

TURNOVER

60,750

62,480

Administrative expenses

48,142

45,555

12,608

16,925

Other operating income

90

70

OPERATING SURPLUS

12,698

16,995

Interest receivable and similar
income

1,095

1,097

SURPLUS BEFORE TAXATION

13,793

18,092

Tax on surplus

-

SURPLUS FOR THE FINANCIAL
YEAR

13,793

18,092

CURRENT ASSETS

Debtors

4

68,995

74,887

Cash at bank

92,167

69,428

161,162

144,315

CREDITORS

Amounts falling due within one year

5

7,473

4,419

NET CURRENT ASSETS

153,689

139,896

TOTAL ASSETS LESS CURRENT
LIABILITIES

153,689

139,896

RESERVES

Income and expenditure account

6

153,689

139,896

153,689

139,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on
29 May 2020 and were signed on its behalf by:

C R Ball - Director

1.	STATUTORY INFORMATION

Laurel Manor 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Other debtors

68,995

74,887

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Bank loans and overdrafts

4

-

Taxation and social security

4

Other creditors

7,465

4,415

7,473

4,419

6.

RESERVES

The company has taken over the operations of Laurel Manor Management (No 1) Limited

and Laurel Manor Management (No 2) Limited in respect of collection of service charges

from the leaseholders of Laurel Manor, 32 Devonshire Road, Sutton, Surrey SM2 5EJ. The

assets and reserves of the companies have been absorbed into the balance sheet of Laurel

Manor RTM Co Limited with effect from 1 October 2017.