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REGISTERED NUMBER: 07296237 (England and Wales)


















THE MONICO RTM COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE MONICO RTM COMPANY LIMITED (REGISTERED NUMBER: 07296237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE MONICO RTM COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S M Manson
J A Russell
D W Harmer





SECRETARY: Absolute Property Management Solutions Limited





REGISTERED OFFICE: Avon House
19 Stanwell Road
Penarth
Vale of Glamorgan
CF62 2EZ





REGISTERED NUMBER: 07296237 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

THE MONICO RTM COMPANY LIMITED (REGISTERED NUMBER: 07296237)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,682 273

CURRENT ASSETS
Debtors 5 8,542 5,099
Cash at bank 84,440 90,777
92,982 95,876
CREDITORS
Amounts falling due within one year 6 (11,002 ) (13,467 )
NET CURRENT ASSETS 81,980 82,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,662

82,682

RESERVES
Retained earnings 83,662 82,682
83,662 82,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 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 Profit and Loss Account has not been delivered.

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





S M Manson - Director


THE MONICO RTM COMPANY LIMITED (REGISTERED NUMBER: 07296237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Monico 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102.

Turnover
Turnover represents contributions receivable from residents towards communal expenditure relating to the property during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 20% on cost

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

THE MONICO RTM COMPANY LIMITED (REGISTERED NUMBER: 07296237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 January 2023 2,340
Additions 1,740
At 31 December 2023 4,080
DEPRECIATION
At 1 January 2023 2,067
Charge for year 331
At 31 December 2023 2,398
NET BOOK VALUE
At 31 December 2023 1,682
At 31 December 2022 273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,236 562
Prepayments and accrued income 5,306 4,537
8,542 5,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,032 2,000
Corporation tax 334 976
Other creditors 2,737 3,778
Accruals and deferred income 5,899 6,713
11,002 13,467

7. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital. Each member undertakes to contribute not more than £1 if required in the event of the winding up of the company.