Clare House RTM Company Limited 14031898 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a management company. Digita Accounts Production Advanced 6.30.9574.0 true true 14031898 2023-05-01 2024-04-30 14031898 2024-04-30 14031898 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14031898 bus:SmallEntities 2023-05-01 2024-04-30 14031898 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14031898 bus:FilletedAccounts 2023-05-01 2024-04-30 14031898 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14031898 bus:RegisteredOffice 2023-05-01 2024-04-30 14031898 bus:Director2 2023-05-01 2024-04-30 14031898 bus:Director3 2023-05-01 2024-04-30 14031898 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 14031898 countries:AllCountries 2023-05-01 2024-04-30 14031898 2022-04-07 2023-04-30 14031898 2023-04-30 14031898 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 14031898

Clare House RTM Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Clare House RTM Company Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Clare House RTM Company Limited

(Registration number: 14031898)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

537

106

Creditors: Amounts falling due within one year

4

(394)

(360)

Net assets/(liabilities)

 

143

(254)

Reserves

 

Members account

143

(254)

Surplus/(deficit)

 

143

(254)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 


K L Manning
Director


L A Huckle
Director

 

Clare House RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
35 Sunnyvale Drive
Longwell Green
Bristol
BS30 9YQ

Principal activity

The principal activity of the company is that of a management company.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

 

Clare House RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tax

As a management company collecting management fees to cover the costs incurred by the company, there is no current liability to corporation tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Clare House RTM Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

394

360

5

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.