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REGISTERED NUMBER: 05746481 (England and Wales)













REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24TH MARCH 2024

FOR

THE MALTINGS RTM COMPANY LIMITED

THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24TH MARCH 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE MALTINGS RTM COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24TH MARCH 2024







DIRECTORS: Mrs L M Bull
N S Miller
J M Reid
R C Unegbu
M J Thomas





SECRETARY: Arrow Leasehold Management Limited





REGISTERED OFFICE: c/o Arrow Leasehold Management Ltd
Bc04 Building, 13 Princess Margaret Road
Thames Industrial Park
East Tilbury
Essex
RM18 8RH





REGISTERED NUMBER: 05746481 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 24TH MARCH 2024

The directors present their report with the financial statements of the company for the year ended 24th March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of of the administration of variable service charges as agents of the statutory trust for the residents of Old Maltings, New Maltings and Hazards House.

In accordance with guidance contained in ICAEW publication Tech 3/11 and FRC UITF publication 92 (withdrawn) the company have recorded transactions where it may be deemed to have been acting as a principal or undisclosed agent to purchase goods and services on behalf of the service charge.

Balances in the financial statements also relate to amounts due to or from the service charge.

Lessees can obtain the full set of information about service charges in separately prepared service charge accounts.

DIRECTORS
The directors shown below have held office during the whole of the period from 25th March 2023 to the date of this report.

Mrs L M Bull
N S Miller

Other changes in directors holding office are as follows:

J M Reid - appointed 19th June 2023
R C Unegbu - appointed 19th June 2023
M J Thomas - appointed 6th October 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N S Miller - Director


19th September 2024

THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)

INCOME STATEMENT
FOR THE YEAR ENDED 24TH MARCH 2024

2024 2023
£    £   

TURNOVER - -

Administrative expenses 226,427 154,496
(226,427 ) (154,496 )

Other operating income 226,428 154,496
OPERATING PROFIT 1 -

Interest receivable and similar income 2 -
PROFIT BEFORE TAXATION 3 -

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 3 -

THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)

BALANCE SHEET
24TH MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 30,741 11,767
Cash at bank 245 242
30,986 12,009
CREDITORS
Amounts falling due within one year 7 29,795 32,623
NET CURRENT ASSETS/(LIABILITIES) 1,191 (20,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191

(20,614

)

RESERVES
Retained earnings 1,191 (20,614 )
1,191 (20,614 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24th March 2024 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 profit or loss 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2024 and were signed on its behalf by:





N S Miller - Director


THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24TH MARCH 2024

1. STATUTORY INFORMATION

The Maltings RTM Company Limited is a private company, limited by shares , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. SERVICE CHARGE BALANCES

Service Charge funds are held in trust at Barclays Bank.

At the balance sheet date balances reflected in the separate service charge accounts were:
Unpaid service charges due £308,991 (2023 £289,098)
Managing agent's Barclays client account £15,452 (2023 £18,018)
Barclays Reserve account £9,221 (2023 £24,685)

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 25th March 2023
and 24th March 2024 1,248
DEPRECIATION
At 25th March 2023
and 24th March 2024 1,248
NET BOOK VALUE
At 24th March 2024 -

THE MALTINGS RTM COMPANY LIMITED (REGISTERED NUMBER: 05746481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24TH MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,741 11,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,156 3,964
Taxation and social security (826 ) (253 )
Other creditors 23,465 28,912
29,795 32,623

8. CONTINGENT LIABILITIES

Following litigation and mediation with a leaseholder during the period 2015/2016, on legal advice, a claim for recovery of unpaid service charges totalling £14,072 was abandoned. The directors recognise that the company may have a liability to make good the shortfall, but this would be subject to the outcome of any future legal opinion sought, and the mitigating effect of any possible counterclaims.