Ratton Croft Management Limited 609899 true 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Hold common parts of Ratton Croft and to collect from the flat holders the amounts payable by the company. Digita Accounts Production Advanced 6.30.9574.0 true true 609899 2023-11-01 2024-10-31 609899 2024-10-31 609899 bus:OrdinaryShareClass1 2024-10-31 609899 core:RetainedEarningsAccumulatedLosses 2024-10-31 609899 core:ShareCapital 2024-10-31 609899 core:CurrentFinancialInstruments 2024-10-31 609899 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 609899 bus:SmallEntities 2023-11-01 2024-10-31 609899 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 609899 bus:AbridgedAccounts 2023-11-01 2024-10-31 609899 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 609899 bus:RegisteredOffice 2023-11-01 2024-10-31 609899 bus:ChairmanChiefExecutive 2023-11-01 2024-10-31 609899 bus:Director4 2023-11-01 2024-10-31 609899 bus:Director5 2023-11-01 2024-10-31 609899 bus:Director7 2023-11-01 2024-10-31 609899 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 609899 bus:EntityHasNeverTraded 2023-11-01 2024-10-31 609899 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 609899 bus:Agent1 2023-11-01 2024-10-31 609899 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 609899 core:ShareCapital 2023-11-01 2024-10-31 609899 countries:England 2023-11-01 2024-10-31 609899 2023-10-31 609899 core:RetainedEarningsAccumulatedLosses 2023-10-31 609899 core:ShareCapital 2023-10-31 609899 2022-11-01 2023-10-31 609899 2023-10-31 609899 bus:OrdinaryShareClass1 2023-10-31 609899 core:CurrentFinancialInstruments 2023-10-31 609899 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 609899 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 609899 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 609899 core:ShareCapital 2022-11-01 2023-10-31 609899 2022-10-31 609899 core:RetainedEarningsAccumulatedLosses 2022-10-31 609899 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 609899

Ratton Croft Management Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Ratton Croft Management Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Ratton Croft Management Limited

Company Information

Chairman

Mr Simon Harland

Chief executive

Mr Simon Harland

Directors

Mrs Pauline Mackintosh

Mr Geraint Bowen

Mrs Pauline Chilver

Registered office

65 Victoria Road
Polegate
East Sussex
BN26 6BY

Solicitors

None Required

Accountants

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

 

Ratton Croft Management Limited

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the abridged financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Pauline Mackintosh

Mr Geraint Bowen

Mr Simon Harland - Chairman and chief executive

Mrs Pauline Chilver

Principal activity

The principal activity of the company is Hold common parts of Ratton Croft and to collect from the flat holders the amounts payable by the company.

Going concern

No going concern issues.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

.........................................
Mr Simon Harland
Chairman and chief executive

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ratton Croft Management Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ratton Croft Management Limited for the year ended 31 October 2024 as set out on pages 4 to 10 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 Ratton Croft Management Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2000. Our work has been undertaken solely to prepare for your approval the accounts of Ratton Croft Management Limited and state those matters that we have agreed to state to the Board of Directors of Ratton Croft 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 Ratton Croft Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ratton Croft 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 Ratton Croft Management Limited. You consider that Ratton Croft Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ratton Croft 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.

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

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

21 November 2024

 

Ratton Croft Management Limited

Abridged Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Gross profit

 

2,337

2,529

Administrative expenses

 

(3,819)

(2,544)

Loss before tax

(1,482)

(15)

Loss for the financial year

 

(1,482)

(15)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Ratton Croft Management Limited

Statement of Comprehensive Income for the Year Ended 31 October 2024

2024
£

2023
£

Loss for the year

(1,482)

(15)

Total comprehensive income for the year

(1,482)

(15)

 

Ratton Croft Management Limited

(Registration number: 609899)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

60

-

Cash at bank and in hand

 

1,720

3,071

 

1,780

3,071

Prepayments and accrued income

 

306

361

Creditors: Amounts falling due within one year

(3,138)

(3,075)

Total assets less current liabilities

 

(1,052)

357

Accruals and deferred income

 

(375)

(300)

Net (liabilities)/assets

 

(1,427)

57

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(1,527)

(43)

Shareholders' (deficit)/funds

 

(1,427)

57

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

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

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

Mr Simon Harland

Chairman and chief executive

 

Ratton Croft Management Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

100

(45)

55

Loss for the year

-

(1,482)

(1,482)

At 31 October 2024

100

(1,527)

(1,427)

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

100

(28)

72

Loss for the year

-

(15)

(15)

At 31 October 2023

100

(43)

57

 

Ratton Croft Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
65 Victoria Road
Polegate
East Sussex
BN26 6BY
United Kingdom

These financial statements were authorised for issue by the Board on 21 November 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 abridged 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 abridged 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.

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.

 

Ratton Croft Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £25 each

4

100

4

100

       

6

Dividends

Final dividends paid

 

Ratton Croft Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

2024
£

2023
£

Final dividend of £Nil per each Ordinary

-

-

 

 

Recommended final dividends paid and not recognised in the accounts

The directors are recommending the following final dividends:

£- per each Ordinary share totalling £- (2023 - £-)

These dividends have not been accrued in the balance sheet.