Registration number:
Pavilion Court RTM Company Limited
(A company limited by guarantee)
for the Year Ended 30 September 2023
Pavilion Court RTM Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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 |
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Accountants |
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Pavilion Court RTM Company Limited
(Registration number: 06464629)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Reserves |
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Roof Reserve Fund |
50,099 |
50,099 |
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Retained earnings |
76,129 |
18,657 |
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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:
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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 Profit and Loss Account.
Approved and authorised by the
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Pavilion Court RTM Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
England
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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Pavilion Court RTM Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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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).