ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 APRIL 2024
Company Registration Number: 14818737
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
CONTENTS PAGES
Company information 1
Balance sheet 2
Notes to the financial statements 3 to 5
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
COMPANY INFORMATION
FOR THE PERIOD ENDED 30 APRIL 2024
DIRECTORS
M Power
appointed 21 April 2023
K Gale
appointed 21 April 2023
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Villiage
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
14818737 England and Wales
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
BALANCE SHEET
AS AT 30 APRIL 2024
Notes 30 April 2024
£
CURRENT ASSETS
Debtors 5 4,074
Cash at bank and in hand 242
4,316
CREDITORS: Amounts falling due within one year 6 5,159
NET CURRENT LIABILITIES (843)
NET LIABILITIES (843)
CAPITAL AND RESERVES
Called up share capital 4
Income and expenditure account (847)
(843)
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
M Power K Gale
Director Director
Date approved by the board: 20 January 2025
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
1 GENERAL INFORMATION
Roman Court East Molesey Management Company Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
Registered office Principal place of business
C9 Glyme Court 102 Long Lane
Oxford Office Villiage Stanwell
Langford Lane Middlesex
Kidlington TW19 7AE
Oxford
OX5 1LQ
The company incorporated on 21 April 2023 and started to operate on 1 June 2023.
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes its creditors £5,159 which could be required for repayment without notice. The company is therefore dependent upon the continued support of its creditors. The directors do not consider the support of its creditors likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Income represents service and maintenance charges receivable.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the period was:
30/04/2024
Average number of employees 2
5 DEBTORS
30/04/2024
£
Prepayments and accrued income 4,074
ROMAN COURT EAST MOLESEY MANAGEMENT COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
6 CREDITORS: Amounts falling due within one year
30/04/2024
£
Accruals and deferred income 5,159
7 RELATED PARTY TRANSACTIONS
During the period, the following transactions with related parties took place:
Galower Builders Limited
Connected undertaking 2024
£
Maintenance charges due from connected undertaking 2,200
Management expenses owed to connected undertaking 4,079
Galower Builders Limited is under the control of M Power and K Gale who are both directors of that company.
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