Pavilion Court RTM Company Limited 06464629 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is the management of the property known as Pavilion Court, Marine Terrace, Folkestone, Kent. Digita Accounts Production Advanced 6.30.9574.0 true true 06464629 2022-10-01 2023-09-30 06464629 2023-09-30 06464629 core:CurrentFinancialInstruments 2023-09-30 06464629 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06464629 bus:SmallEntities 2022-10-01 2023-09-30 06464629 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 06464629 bus:FilletedAccounts 2022-10-01 2023-09-30 06464629 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06464629 bus:RegisteredOffice 2022-10-01 2023-09-30 06464629 bus:CompanySecretaryDirector1 2022-10-01 2023-09-30 06464629 bus:Director2 2022-10-01 2023-09-30 06464629 bus:Director3 2022-10-01 2023-09-30 06464629 bus:CompanyLimitedByGuarantee 2022-10-01 2023-09-30 06464629 core:OtherRelatedParties 2022-10-01 2023-09-30 06464629 countries:England 2022-10-01 2023-09-30 06464629 2021-10-01 2022-09-30 06464629 2022-09-30 06464629 core:CurrentFinancialInstruments 2022-09-30 06464629 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 06464629

Pavilion Court RTM Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Pavilion Court RTM Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Pavilion Court RTM Company Limited

Company Information

Directors

Dr D J Price

Mr C E Price

Mr R D Price

Company secretary

Dr D J Price

Registered office

49 Marine Terrace
Folkstone
Kent
CT20 1QB

Accountants

DAH Accountancy Services Limited
Chartered Management Accountants
Cedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

Pavilion Court RTM Company Limited

(Registration number: 06464629)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

98,142

51,908

Cash at bank and in hand

 

112,599

98,401

 

210,741

150,309

Creditors: Amounts falling due within one year

5

(84,513)

(81,553)

Net assets

 

126,228

68,756

Reserves

 

Roof Reserve Fund

50,099

50,099

Retained earnings

76,129

18,657

Surplus

 

126,228

68,756

For the financial year ending 30 September 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 March 2024 and signed on its behalf by:
 

.........................................
Dr D J Price
Company secretary and director

 

Pavilion Court RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

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:
49 Marine Terrace
Folkstone
Kent
CT20 1QB
England

These financial statements were authorised for issue by the Board on 30 March 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Income comprises the fair value of the consideration received or receivable for the provision of service charges in the ordinary course of the company’s activities. Income is adjusted for service charges invoiced in advance.

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.

 

Pavilion Court RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

Current

2023
£

2022
£

Trade debtors

96,227

50,128

Prepayments

1,053

918

Other debtors

862

862

 

98,142

51,908

 

Pavilion Court RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,270

870

Accruals and deferred income

83,243

80,683

84,513

81,553

6

Related party transactions

Summary of transactions with other related parties


The company was under the control of Dr D J Price throughout the current and previous year.

Dr D J Price abd his family have an interest in 53 of the 102 flats that are managed by the company. All transactions are carried out on a commercial basis and in accordiance with the Landlord and Tenant Act 1985 and its successors.

The company has paid rent of £4,256 (2022 - £7,185) on two flats in which Mr C E Price and Mr R D Price have an interest.

Dr D J and H A Price, Partnership, act as managing agents for which a monthly fee of £1,400 is invoiced. The total paid to them for the year ended 30 September 2023 amounted to £16,800 (2022 - £16,800).