IRIS Accounts Production v23.4.0.336 10938690 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109386902022-08-31109386902023-08-31109386902022-09-012023-08-31109386902021-08-31109386902021-09-012022-08-31109386902022-08-3110938690ns15:EnglandWales2022-09-012023-08-3110938690ns14:PoundSterling2022-09-012023-08-3110938690ns10:Director12022-09-012023-08-3110938690ns10:Director22022-09-012023-08-3110938690ns10:CompanyLimitedByGuarantee2022-09-012023-08-3110938690ns10:SmallEntities2022-09-012023-08-3110938690ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3110938690ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110938690ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110938690ns10:FullAccounts2022-09-012023-08-3110938690ns10:Director32022-09-012023-08-3110938690ns10:Director42022-09-012023-08-3110938690ns10:Director52022-09-012023-08-3110938690ns10:RegisteredOffice2022-09-012023-08-3110938690ns5:CurrentFinancialInstruments2023-08-3110938690ns5:CurrentFinancialInstruments2022-08-3110938690ns5:RetainedEarningsAccumulatedLosses2023-08-3110938690ns5:RetainedEarningsAccumulatedLosses2022-08-3110938690ns5:RetainedEarningsAccumulatedLosses2022-08-3110938690ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-311093869012022-09-012023-08-31
REGISTERED NUMBER: 10938690 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

WPR London RTM Company
Limited

WPR London RTM Company
Limited (Registered number: 10938690)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WPR London RTM Company
Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs N M Barrs
Mr M Habeshis
Miss A Sharma-Saul
Mr M Shojaie
Mrs E Sokolova





REGISTERED OFFICE: 505 Centennial Avenue
Elstree
Hertfordshire
WD6 3FG





REGISTERED NUMBER: 10938690 (England and Wales)





ACCOUNTANTS: M Georghiades & Associates
Chartered Certified Accountants
130a Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

WPR London RTM Company
Limited (Registered number: 10938690)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Cash at bank 6,328 5,881

CREDITORS
Amounts falling due within one year 4 2,371 2,372
NET CURRENT ASSETS 3,957 3,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,957

3,509

RESERVES
Income and expenditure account 5 3,957 3,509
3,957 3,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




Mr M Shojaie - Director



Mrs E Sokolova - Director


WPR London RTM Company
Limited (Registered number: 10938690)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

WPR London RTM Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in accordance with the provisions of the lease and on the accrual basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 of tax applied to any interest received during the year ended 31st August 2023 £nil (2022: £nil) was 19%. (2022: 19%).

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 of tax applied to any interest received during the year ended 31st August 2022 £nil (2021: £nil) was 19%. (2021:19%).

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at a transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

WPR London RTM Company
Limited (Registered number: 10938690)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1,786 1,787
Accrued expenses 585 585
2,371 2,372

5. RESERVES
Income
and
expenditure
account
£   

At 1 September 2022 3,509
Surplus for the year 448
At 31 August 2023 3,957

The general reserve has been established to meet the costs of repairs and maintenance work. The present level of reserve fund account was made up from a share contributed by each flatholder. Any shortfall in this fund resulting from expenditure incurred will be charged to the "Income and Expenditure" account in the year.

6. EVENTS AFTER THE REPORTING PERIOD

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither WPR London RTM Company Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

7. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment

WPR London RTM Company
Limited (Registered number: 10938690)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Despite the fact that our organisation offering property management services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities, and managing changes in customer preferences.
This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.
We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.