Chateaux Apartments (Cottam) RTM Company Ltd 11222768 false 2021-03-01 2022-02-28 2022-02-28 The principal activity of the company is housing management company. Digita Accounts Production Advanced 6.30.9574.0 true 11222768 2021-03-01 2022-02-28 11222768 2022-02-28 11222768 core:CurrentFinancialInstruments 2022-02-28 11222768 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 11222768 bus:SmallEntities 2021-03-01 2022-02-28 11222768 bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 11222768 bus:FullAccounts 2021-03-01 2022-02-28 11222768 bus:SmallCompaniesRegimeForAccounts 2021-03-01 2022-02-28 11222768 bus:RegisteredOffice 2021-03-01 2022-02-28 11222768 bus:CompanySecretary1 2021-03-01 2022-02-28 11222768 bus:Director1 2021-03-01 2022-02-28 11222768 bus:Director4 2021-03-01 2022-02-28 11222768 bus:CompanyLimitedByGuarantee 2021-03-01 2022-02-28 11222768 countries:EnglandWales 2021-03-01 2022-02-28 11222768 2020-03-01 2021-02-28 11222768 2021-02-28 11222768 core:CurrentFinancialInstruments 2021-02-28 11222768 core:CurrentFinancialInstruments core:WithinOneYear 2021-02-28 iso4217:GBP xbrli:pure

Registration number: 11222768

Chateaux Apartments (Cottam) RTM Company Ltd

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2022

Pages for filing with Registrar

 

Chateaux Apartments (Cottam) RTM Company Ltd

Contents


 

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Chateaux Apartments (Cottam) RTM Company Ltd

Company Information


 

Directors

Mr I Townsend

Mr T Charnock

Company secretary

Mr D A Mitchell

Registered office

89 Woodplumpton Lane
Broughton
Preston
PR3 5JZ

 

Chateaux Apartments (Cottam) RTM Company Ltd

(Registration number: 11222768)

Balance Sheet as at 28 February 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

2,353

2,026

Cash at bank and in hand

 

9,774

18,640

 

12,127

20,666

Creditors: Amounts falling due within one year

5

(12,127)

(20,666)

Net assets/(liabilities)

 

-

-

Capital and reserves

 

Shareholders' funds/(deficit)

 

-

-

For the financial year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 August 2022 and signed on its behalf by:
 

.........................................
Mr D A Mitchell
Company secretary

.........................................
Mr T Charnock
Director

 

Chateaux Apartments (Cottam) RTM Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
89 Woodplumpton Lane
Broughton
Preston
PR3 5JZ

The principal place of business is:
Chateaux Apartments
Greenside
Cottam
Preston
PR4 0WA

These financial statements were authorised for issue by the Board on 19 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Chateaux Apartments (Cottam) RTM Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

 

Chateaux Apartments (Cottam) RTM Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Debtors

2022
£

2021
£

Prepayments and accrued income

2,353

2,026

2,353

2,026

5

Creditors

Note

2022
£

2021
£

Due within one year

 

Other creditors

 

11,507

20,034

Accruals and deferred income

 

620

632

 

12,127

20,666