Registered number
11046429
(England & Wales)
Ludford Court RMC Ltd
Filleted Accounts
31 December 2023
Ludford Court RMC Ltd
Registered number: 11046429
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 57,652 57,652
Current assets
Debtors 5 42,969 293
Cash at bank and in hand 9,877 45,914
52,846 46,207
Creditors: amounts falling due within one year 6 (2,956) (3,624)
Net current assets 49,890 42,583
Net assets 107,542 100,235
Capital and reserves
Called up share capital 57,675 57,675
Profit and loss account 49,867 42,560
Shareholders' funds 107,542 100,235
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ajaz Ahmed
Director
Approved by the board on 6 September 2024
Ludford Court RMC Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents ground rent and service charges (excluding VAT) invoiced to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at 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 cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Taxation
The company's only taxable income is ground rent, other income and bank interest received.

Service charges collected is non taxable as they are applied solely for the management and upkeep of the property. Any surplus is carried forward to offset future expenditure. All costs incurred in the year relate to the management and upkeep of the property on which the amount of the service charge is utilised.

Taxable income is therefore as follows:

£
Ground Rent 1,800
Other Income nil
Bank Interest Received 46
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 57,652
At 31 December 2023 57,652
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 57,652
At 31 December 2022 57,652
5 Debtors 2023 2022
£ £
Trade debtors 923 293
Other debtors 42,046 -
42,969 293
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 351 534
Other creditors 2,055 2,590
Accruals and deferred income 550 500
2,956 3,624
7 Controlling party
The shareholders of the company are the controlling party.
8 Other information
Ludford Court RMC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Springwater Drive
Weston
Crewe
Cheshire
CW2 5FW
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