Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-03-01No description of principal activity20true 13909616 2022-02-28 13909616 2022-03-01 2023-02-28 13909616 2021-03-01 2022-02-28 13909616 2023-02-28 13909616 c:Director1 2022-03-01 2023-02-28 13909616 c:Director2 2022-03-01 2023-02-28 13909616 d:FreeholdInvestmentProperty 2022-03-01 2023-02-28 13909616 d:FreeholdInvestmentProperty 2023-02-28 13909616 d:CurrentFinancialInstruments 2023-02-28 13909616 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13909616 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13909616 d:ShareCapital 2023-02-28 13909616 d:RetainedEarningsAccumulatedLosses 2023-02-28 13909616 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13909616 c:OrdinaryShareClass1 2023-02-28 13909616 c:FRS102 2022-03-01 2023-02-28 13909616 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13909616 c:AbridgedAccounts 2022-03-01 2023-02-28 13909616 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13909616









RLT MANAGEMENT LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
RLT MANAGEMENT LIMITED
REGISTERED NUMBER: 13909616

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Investments
 4 
394,169

  
394,169

Current assets
  

Cash at bank and in hand
  
10,879

  
10,879

Creditors: amounts falling due within one year
 5 
(121,641)

Net current (liabilities)/assets
  
 
 
(110,762)

Total assets less current liabilities
  
283,407

Creditors: amounts falling due after more than one year
  
(283,245)

Net assets
  
162

Page 1

 
RLT MANAGEMENT LIMITED
REGISTERED NUMBER: 13909616
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

2023
Note
£

Capital and reserves
  

Called up share capital 
 6 
200

Profit and loss account
  
(38)

  
162


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 April 2023.




Jason Keith Twine
Jacqueline Anne Twine
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RLT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

RLT Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13909616 and registered office address is 10 Manor Way, Croxley Green, Rickmansworth, England, WD3 3LY.
The principal activity of the company in the year under review was that of of letting and operating of own or leased real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
RLT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet 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 settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts
Page 4

 
RLT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
RLT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
394,169



At 28 February 2023
394,169

The 2023 valuations were made by the directors of the company, on an open market value for existing use basis.



At 28 February 2023





5.


Creditors: Amounts falling due within one year

2023
£

Other creditors
120,891

Accruals and deferred income
750

121,641



6.


Share capital

2023
£
Allotted, called up and fully paid


200 Ordinary shares of £1.00 each
200




 
Page 6