Rivers Reach Management Co. Limited
Registered number: 03356306
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 679 472
Cash at bank and in hand 57,836 50,668
58,515 51,140
Creditors: amounts falling due within one year 4 (10,495) (7,029)
Net current assets 48,020 44,111
Net assets 48,020 44,111
Capital and reserves
Reserve fund for major works 5 43,294 42,097
Income and expenditure account 4,726 2,014
Participators' funds 48,020 44,111
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
Mrs E A Hills
Director
Approved by the board on 14 January 2025
Rivers Reach Management Co. Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents Maintenance Charges Receivable in respect of communal expenditure in the ordinary course of business,. Value Added Tax is not charged thereon.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Maintenance charges in arrears 161 -
Other debtors 518 472
679 472
4 Creditors: amounts falling due within one year 2024 2023
£ £
Maintenance charges in advance 628 -
Other creditors 9,867 7,029
10,495 7,029
5 Reserve fund for major works 2024 2023
£ £
At 1 May 2023 42,097 40,097
Transfer from income and expenditure account 2,000 2,000
Funds utilised (803) -
At 30 April 2024 43,294 42,097
Funds were utilised in the year on fencing.
6 Related party transactions
During the year, the client engaged the managing agent or one of its affiliated companies listed below to supply additional services:
Management Secretaries Limited
7 Controlling party
The directors do not believe there to be an ultimate controlling party.
8 Other information
Rivers Reach Management Co. Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Saxon House,
6a St. Andrew Street,
Hertford,
Hertfordshire,
SG14 1JA
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