Rawleigh Property Management Limited 02818087 false 2023-05-01 2024-03-31 2024-03-31 The principal activity of the company is management of group activities. Digita Accounts Production Advanced 6.30.9574.0 true true 02818087 2023-05-01 2024-03-31 02818087 2024-03-31 02818087 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-03-31 02818087 core:RetainedEarningsAccumulatedLosses 2024-03-31 02818087 core:ShareCapital 2024-03-31 02818087 core:CurrentFinancialInstruments 2024-03-31 02818087 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02818087 bus:SmallEntities 2023-05-01 2024-03-31 02818087 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-03-31 02818087 bus:FilletedAccounts 2023-05-01 2024-03-31 02818087 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 02818087 bus:RegisteredOffice 2023-05-01 2024-03-31 02818087 bus:Director1 2023-05-01 2024-03-31 02818087 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-03-31 02818087 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 02818087 bus:Agent1 2023-05-01 2024-03-31 02818087 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-03-31 02818087 core:ShareCapital 2023-05-01 2024-03-31 02818087 countries:England 2023-05-01 2024-03-31 02818087 2023-04-30 02818087 core:RetainedEarningsAccumulatedLosses 2023-04-30 02818087 core:ShareCapital 2023-04-30 02818087 2022-05-01 2023-04-30 02818087 2023-04-30 02818087 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 02818087 core:CurrentFinancialInstruments 2023-04-30 02818087 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 02818087 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 02818087 core:ShareCapital 2022-05-01 2023-04-30 02818087 2022-04-30 02818087 core:RetainedEarningsAccumulatedLosses 2022-04-30 02818087 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02818087

Rawleigh Property Management Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 31 March 2024

 

Rawleigh Property Management Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 7

 

Rawleigh Property Management Limited

Company Information

Director

Mr HM Heaver





 

Registered office

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY





 

Solicitors

Foot Anstey LLP
The White Building
1-4 Cumberland Place
Southampton
Hampshire
SO15 2NP





 

Accountants

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rawleigh Property Management Limited
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rawleigh Property Management Limited for the period ended 31 March 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Rawleigh Property Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rawleigh Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Rawleigh Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rawleigh Property Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rawleigh Property Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rawleigh Property Management Limited. You consider that Rawleigh Property Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Rawleigh Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

16 July 2024

 

Rawleigh Property Management Limited

(Registration number: 02818087)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,853

3,160

Cash at bank and in hand

 

14,682

19,593

 

16,535

22,753

Creditors: Amounts falling due within one year

5

(13,158)

(18,326)

Net assets

 

3,377

4,427

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

3,277

4,327

Shareholders' funds

 

3,377

4,427

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 July 2024
 

.........................................
Mr HM Heaver
Director

 

Rawleigh Property Management Limited

Statement of Changes in Equity for the Period from 1 May 2023 to 31 March 2024




 

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

100

4,327

4,427

Loss for the period

-

(1,050)

(1,050)

At 31 March 2024

100

3,277

3,377

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

100

4,250

4,350

Profit for the period

-

77

77

At 30 April 2023

100

4,327

4,427

 

Rawleigh Property Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

These financial statements were authorised for issue by the director on 16 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.


Financial instruments
Financial instruments are recognised in line with 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, amounts due to/from group undertakings, trade receivables and payables are initially recognised at transaction price, unless they constitute a financing arrangement, when the transaction is measured at the present value of the future receipts/payments discounted at market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest rate method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Rawleigh Property Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5 (2023 - 5).

4

Debtors

2024
£

2023
£

Trade debtors

1,853

(470)

Other debtors

-

3,419

Prepayments

-

211

1,853

3,160




 

 

Rawleigh Property Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

7

9,000

13,697

Social security and other taxes

 

1,365

1,766

Other payables

 

1,473

2,773

Accruals

 

1,320

90

 

13,158

18,326

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       



 

7

Related party transactions

The balance owed to Rawleigh Property Holdings Limited, a company under common control, is £9,000 (2023: £108).