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Company registration number: 07458974

R&M Regeneration Management Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

R&M Regeneration Management Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

R&M Regeneration Management Ltd

Company Information

Director

Miss M McGinty

Company secretary

Mr R Woods

Registered office

58 Thorne Street
London
SW13 0PR

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
R&M Regeneration Management Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R&M Regeneration Management Ltd for the year ended 31 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of R&M Regeneration Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R&M Regeneration Management Ltd and state those matters that we have agreed to state to the Board of Directors of R&M Regeneration Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R&M Regeneration Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R&M Regeneration Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R&M Regeneration Management Ltd. You consider that R&M Regeneration Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R&M Regeneration Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

10 October 2023

 

R&M Regeneration Management Ltd

(Registration number: 07458974)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,444

731

Current assets

 

Debtors

5

74,617

85,793

Cash at bank and in hand

 

32,542

27,080

 

107,159

112,873

Creditors: Amounts falling due within one year

6

(26,281)

(28,830)

Net current assets

 

80,878

84,043

Total assets less current liabilities

 

83,322

84,774

Provisions for liabilities

(611)

(139)

Net assets

 

82,711

84,635

Capital and reserves

 

Called up share capital

1

1

Retained earnings

82,710

84,634

Shareholders' funds

 

82,711

84,635

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 September 2023
 

 

R&M Regeneration Management Ltd

(Registration number: 07458974)
Balance Sheet as at 31 March 2023

.........................................
Miss M McGinty
Director

 

R&M Regeneration Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
58 Thorne Street
London
SW13 0PR

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 entity.

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.

Deferred Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

 

R&M Regeneration Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Office equipment

15% Straight line

Fixtures and Fittings

25% Straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

R&M Regeneration Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

5,178

2,552

7,730

Additions

-

2,312

2,312

At 31 March 2023

5,178

4,864

10,042

Depreciation

At 1 April 2022

4,947

2,052

6,999

Charge for the year

116

483

599

At 31 March 2023

5,063

2,535

7,598

Carrying amount

At 31 March 2023

115

2,329

2,444

At 31 March 2022

231

500

731

5

Debtors

2023
£

2022
£

Trade debtors

50,968

52,438

Other debtors

23,649

33,355

74,617

85,793

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Corporation tax

14,121

18,136

Other creditors

12,160

10,694

26,281

28,830

 

R&M Regeneration Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Miss M McGinty

24,942

8,371

(15,540)

17,773

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Miss M McGinty

35,943

4,989

(15,990)

24,942

         
       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.