FINANCIAL PERIOD DATA REFRESH REQUIRED
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Registration number:
RPTC Limited
(A company limited by guarantee)
for the Year Ended 31 December 2023
RPTC Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
RPTC Limited
(Registration number: 08314073)
Statement of Financial Position as at 31 December 2023
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2022 |
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Fixed assets |
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Tangible assets |
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Creditors: Amounts falling due within one year |
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Net assets/(liabilities) |
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Reserves |
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Surplus/(deficit) |
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For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.
Approved and authorised by the
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RPTC Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a company limited by guarantee, incorporated in England, 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:
Principal activity
The principal activity of the company is to hold tennis courts for the benefit of the members of Rock Park Tennis Club, with the aid of a loan from that club which will also be responsible for maintaining the courts in good order.
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.
Going concern
The financial statements have been prepared on a going concern basis.
RPTC Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
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Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
Not depreciated |
Land and buildings comprise the tennis courts at Rock Park, Barnstaple which are held on behalf of the members of Rock Park Tennis Club. The purchase was financed by a loan from that club, which also has the responsibility for maintaining the courts in good order.
In the above circumstances the Directors believe that charging depreciation would be inappropriate.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
RPTC Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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Depreciation |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Creditors |
Creditors: amounts falling due within one year
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2023 |
2022 |
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Due within one year |
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Other creditors |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.