15 Lanhill Road RTM Company Limited 09038320 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is is the management of the property at 15 Lanhill Road, London, W9 2BS. The company does not trade with a view to profit Digita Accounts Production Advanced 6.30.9574.0 true true 09038320 2023-01-01 2023-12-31 09038320 2023-12-31 09038320 core:RetainedEarningsAccumulatedLosses 2023-12-31 09038320 core:CurrentFinancialInstruments 2023-12-31 09038320 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09038320 bus:SmallEntities 2023-01-01 2023-12-31 09038320 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09038320 bus:FullAccounts 2023-01-01 2023-12-31 09038320 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09038320 bus:RegisteredOffice 2023-01-01 2023-12-31 09038320 bus:Director1 2023-01-01 2023-12-31 09038320 bus:Director2 2023-01-01 2023-12-31 09038320 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 09038320 countries:EnglandWales 2023-01-01 2023-12-31 09038320 2022-01-01 2022-12-31 09038320 2022-12-31 09038320 core:RetainedEarningsAccumulatedLosses 2022-12-31 09038320 core:CurrentFinancialInstruments 2022-12-31 09038320 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09038320

15 Lanhill Road RTM Company Limited (A company limited by guarantee)

Annual Report and Unaudited Financial Statements FINANCIAL STATEMENTS

for the Year Ended 31 December 2023

 

15 Lanhill Road RTM Company Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

15 Lanhill Road RTM Company Limited

Company Information

Directors

J Freeman

L B Harding

Registered office

Garden Flat
15 Lanhill Road
London
W9 2BS

Accountants

Service Charge Assurance Limited
Chartered Accountants
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

15 Lanhill Road RTM Company Limited

(Registration number: 09038320)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Receivables

4

13,618

4,142

Cash at bank and in hand

5

3,442

7,478

 

17,060

11,620

Payables: Amounts falling due within one year

6

(10,473)

(4,043)

Net assets

 

6,587

7,577

Equity

 

General reserves

6,587

7,577

Total equity

 

6,587

7,577

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 Income statement.

Approved and authorised by the Board on 15 September 2024 and signed on its behalf by:
 

.........................................

J Freeman
Director

.........................................

L B Harding
Director

 

15 Lanhill Road RTM Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

15 Lanhill Road RTM Company Limited (the 'company') is a company limited by guarantee, without share capital, incorporated in England and Wales under the Companies Act. 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 the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the Directors' report on page 2.

2

Accounting policies

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departures from Companies Act requirements

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

 

15 Lanhill Road RTM Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Judgements

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Service charge income represents variable service charges receivable from the leaseholders for the year. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

Taxation

The company acts as a trustee in respect of funds held to manage the property at 15 Lanhill Road, London W9 2BS. Income tax is provided on investment income at the current rate of tax. Service charge contributions and service charge expenditure items are neither taxable nor allowable for corporation tax purposes and therefore there is no liability to UK corporation tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.

Receivables

Service charge arrears are amounts due at the financial year end from the leaseholders.

Payables

Service charge creditors are obligations to pay for services that have been provided 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

15 Lanhill Road RTM Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023 (continued)

4

Receivables

2023
£

2022
£

Service charge arrears

9,450

2,940

Prepayments

4,168

1,202

13,618

4,142

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

3,442

7,478

Service charge monies are held in trust at Barclays Bank plc under the title Lanhill RTM Company.

6

Payables

2023
£

2022
£

Due within one year

Service charge creditors

-

114

Accrued expenses

973

429

Deferred income - advance service charge demands

9,500

3,500

10,473

4,043

7

Reserves

The general reserve represents cumulative surpluses or deficits

8

Related party transactions

There were no related party transactions to disclose.