Registered number
07832111
Bagleys Road RTM Company Limited
Directors Report and Unaudited Accounts
For the year ended
31 December 2023
(A company limited by guarantee)
Bagleys Road RTM Company Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7 to 8
Bagleys Road RTM Company Limited
Company Information
Directors
Joanne Marie Corley
Heather Louise Lee-Brooks
Roger Neal
Mark Andrew Noott
Secretary
MDA Property Management (Midlands) Ltd
Accountants
MD Associates
Sapphire Heights Courtyard
31 Tenby Street North
Birmingham
West Midlands
B1 3ES
Bankers
Barclays Bank plc
Registered office
Sapphire Heights Courtyard
31 Tenby Street North
Birmingham
West Midlands
B1 3ES
Registered number
07832111
Bagleys Road RTM Company Limited
Registered number: 07832111
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year continued to be that of residents property management.
Directors
The following persons served as directors during the year:
Joanne Marie Corley
Heather Louise Lee-Brooks
Roger Neal
Mark Andrew Noott
Legal and administrative information
The company is established as a company limited by guarantee, and does not have a share capital.

Every member of the company undertakes to contribute such amounts as may be required (but which will not exceed £1) in the event of the company being wound up.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 13 September 2024 and signed on its behalf.
Heather Louise Lee-Brooks
Director
Bagleys Road RTM Company Limited
Accountants' Report
Accountants' report to the directors of
Bagleys Road RTM Company Limited
You consider that the company is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MD Associates
Accountants & Tax Advisers
Sapphire Heights Courtyard
31 Tenby Street North
Birmingham
West Midlands
B1 3ES
13 September 2024
Bagleys Road RTM Company Limited
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 22,950 16,632
Administrative expenses (31,079) (20,563)
Operating loss (8,129) (3,931)
Interest receivable 123 4
Loss before taxation (8,006) (3,927)
Tax on loss - -
Loss for the financial year (8,006) (3,927)
Bagleys Road RTM Company Limited
Registered number: 07832111
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 2,132 2,283
Cash at bank and in hand 8,161 12,043
10,293 14,326
Creditors: amounts falling due within one year 4 (4,531) (558)
Net current assets 5,762 13,768
Net assets 5,762 13,768
Capital and reserves
Profit and loss account 5,762 13,768
Members' funds 5,762 13,768
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.
Heather Louise Lee-Brooks
Director
Approved by the board on 13 September 2024
Bagleys Road RTM Company Limited
Statement of Changes in Equity
for the year ended 31 December 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 January 2022 - - - 17,695 17,695
Loss for the financial year - - - (3,927) (3,927)
At 31 December 2022 - - - 13,768 13,768
At 1 January 2023 - - - 13,768 13,768
Loss for the financial year - - - (8,006) (8,006)
At 31 December 2023 - - - 5,762 5,762
Bagleys Road RTM Company Limited
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
Income represents the amount of service charges collected from lease holders and tenants.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 2,132 -
Other debtors - 2,283
2,132 2,283
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 4,531 558
5 Other information
Bagleys Road RTM Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sapphire Heights Courtyard
31 Tenby Street North
Birmingham
West Midlands
B1 3ES
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