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REGISTERED NUMBER: 05371328 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

VALE GROVE RTM COMPANY LIMITED

VALE GROVE RTM COMPANY LIMITED (REGISTERED NUMBER: 05371328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALE GROVE RTM COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Miss R M O'Toole
Mr B Stack
Ms K T Sevenco
Ms M T Fernandez Marin





SECRETARY: Mr B Stack





REGISTERED OFFICE: 6 Vale Grove
London
W3 7QP





REGISTERED NUMBER: 05371328 (England and Wales)





ACCOUNTANTS: Cooper Parry Advisory Limited
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

VALE GROVE RTM COMPANY LIMITED (REGISTERED NUMBER: 05371328)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Cash at bank 499 936

CREDITORS
Amounts falling due within one year 4 499 936
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Miss R M O'Toole - Director


VALE GROVE RTM COMPANY LIMITED (REGISTERED NUMBER: 05371328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Vale Grove 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.

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.

The company remains non-trading and accordingly the financial statements are prepared on a basis other than that of a going concern. The financial statements have been prepared on a break-up basis at the year end. In adopting the break-up basis at the year end the following policies and procedures were implemented.
- all assets have been disclosed at values at which they are expected to be realised
- all liabilities reflect the full amount at which they are expected to materialise

Going concern
As the company is non-trading, the directors consider it inappropriate to prepare the financial statements on a going concern basis and therefore the directors have prepared these financial statements on a break-up basis as set out above under the basis of preparation.

The company was dormant throughout the current year and previous year.

Financial instruments
a) Debtors
Basic financial assets, including cash and cash equivalents, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Creditors
Basic financial liabilities, including other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash held in trust
Section 42, LTA 1987 requires service charge monies from variable service charges to be held in trust (except for social landlords). Although s42, LTA 1987 does not explicitly require service charge monies to be held in a separate trust or 'client' bank account, it does impose a statutory trust on the person to whom service charges are paid and that person will be liable for any breach of the trust.

The company has such a bank account in which service charge monies are held, and may be taken as the company's assets in any liquidation following a company insolvency and the director(s) of the company could be personally liable for the breach of trust.

3. EMPLOYEES AND DIRECTORS

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

VALE GROVE RTM COMPANY LIMITED (REGISTERED NUMBER: 05371328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 499 936

Other creditors represent service charge monies received under Section 42 of the Landlord and Tenant Act 1987.

5. ULTIMATE CONTROLLING PARTY

At the reporting date, the directors consider there is no single ultimate controlling party. There has been no change between the reporting date and date of approval of the financial statements.

6. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up, for payments of the debts and liabilities of the company, such amount as may be required, not exceeding £1.

7. SERVICE CHARGE ACCOUNTS

The company has no income or expenditure in its own right from which it derives economic benefit. Whilst certain contracts are entered into in the name of the company, the execution of these contracts and settlement of the liabilities arising are made through the respective service charge account.

Income and expenditure arising from these transactions are shown in separate service charge accounts for Vale Grove RTM Company Limited that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of Vale Grove, London are held in trust for the residents.