LEONARD_COURT_(KENSINGTON - Accounts
LEONARD_COURT_(KENSINGTON - Accounts
Leonard Court (Kensington) RTM Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 27 Palace Gate, London, W8 5LS.
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 amounts 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.
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.
Status
During the year the company has acted as agent for the lessees of the property at Leonard Court, Edwards Square, London W8 6NN. The funds in relation to the maintenance of the property are held in trust. As at 25 March 2018 the cash balance held on behalf of the lessees amounted to £347,589.
The company therefore has no income or expenditure in its own right in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Leonard Court (Kensington) RTM Company Limited.
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.