1
31/08/2023
2023-08-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
true
false
false
No description of principal activities is disclosed
2022-09-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
10308173
2022-09-01
2023-08-31
10308173
2023-08-31
10308173
2021-09-01
2022-08-31
10308173
2022-08-31
10308173
2021-08-31
10308173
bus:RegisteredOffice
2022-09-01
2023-08-31
10308173
bus:LeadAgentIfApplicable
2022-09-01
2023-08-31
10308173
bus:Director1
2022-09-01
2023-08-31
10308173
core:RetainedEarningsAccumulatedLosses
2021-09-01
2022-08-31
10308173
core:RetainedEarningsAccumulatedLosses
2022-09-01
2023-08-31
10308173
core:WithinOneYear
2023-08-31
10308173
core:WithinOneYear
2022-08-31
10308173
bus:SmallEntities
2022-09-01
2023-08-31
10308173
bus:AuditExempt-NoAccountantsReport
2022-09-01
2023-08-31
10308173
bus:FullAccounts
2022-09-01
2023-08-31
10308173
bus:SmallCompaniesRegimeForAccounts
2022-09-01
2023-08-31
10308173
bus:CompanyLimitedByGuarantee
2022-09-01
2023-08-31
10308173
core:CapitalReserve
2023-08-31
10308173
core:CapitalReserve
2022-08-31
10308173
core:CapitalReserve
2021-08-31
10308173
core:CapitalReserve
2021-09-01
2022-08-31
10308173
core:CapitalReserve
2022-09-01
2023-08-31
Company registration number:
10308173
The Panoramic RTM Company Limited
Company limited by guarantee
Unaudited filleted financial statements
31 August 2023
The Panoramic RTM Company Limited
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Panoramic RTM Company Limited
Company limited by guarantee
Directors and other information
|
|
|
|
Director |
Dr Andrew Phillip Cantwell |
|
|
|
|
|
|
|
Company number |
10308173 |
|
|
|
|
|
|
|
Registered office |
The Panoramic Flat 1 |
|
|
12 Pond Street |
|
|
London |
|
|
NW3 2PS |
|
|
|
|
|
|
|
Accountants |
Leftley Rowe and Company |
|
|
Second Floor |
|
|
107 Charterhouse Street |
|
|
London |
|
|
EC1M 6HW |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers |
Royal Bank of Scotland |
|
|
36 St Andrew Square |
|
|
Edinburgh |
|
|
EH2 2YB |
|
|
|
The Panoramic RTM Company Limited
Company limited by guarantee
Statement of financial position
31 August 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash at bank and in hand |
|
|
1,114 |
|
|
|
1,662 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,114 |
|
|
|
1,662 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
5 |
(
820) |
|
|
|
(
460) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
294 |
|
|
|
1,202 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
294 |
|
|
|
1,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
294 |
|
|
|
1,202 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Repairs and maintenance reserve |
|
|
|
|
294 |
|
|
|
1,202 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Member funds |
|
|
|
|
294 |
|
|
|
1,202 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 March 2024
, and are signed on behalf of the board by:
Dr Andrew Phillip Cantwell
Director
Company registration number:
10308173
The Panoramic RTM Company Limited
Company limited by guarantee
Statement of changes in equity
Year ended 31 August 2023
|
|
|
Repairs and maintenance reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 September 2021 |
|
|
(
160) |
|
- |
(
160) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/profit for the year |
|
|
|
|
1,362 |
1,362 |
|
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
Movement between reserves |
|
|
1,362 |
|
(
1,362) |
- |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
|
1,362 |
|
- |
1,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 August 2022 and 1 September 2022 |
|
|
1,202 |
|
- |
1,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/profit for the year |
|
|
|
|
(
908) |
(
908) |
|
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
Movement between reserves |
|
|
(
908) |
|
908 |
- |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
|
(
908) |
|
- |
(
908) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 August 2023 |
|
|
294 |
|
- |
294 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Panoramic RTM Company Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 August 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Panoramic Flat 1, 12 Pond Street, London, NW3 2PS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Limited by guarantee
The company is limited by guarantee without a share capital. In the event of the company being wound up, each member guarantees to contribute up to £1 to fund any deficiency of assets.
5.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
820 |
460 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Controlling party
In the director's opinion there is no ultimate controlling party.
7.
Tax provided on bank interest received
Service charge monies are held on trust in accordance with section 42, Landlord and Tenant Act 1987. Interest earned on service charge monies held on deposit is taxable at the basic rate of income tax. The rate applied to interest received during the year was 19%.