Registration number:
Martin Court (RTM) Company Limited
(A company limited by guarantee)
for the Year Ended 30 June 2024
Martin Court (RTM) Company Limited
(Registration number: 08589382)
Balance Sheet as at 30 June 2024
2024 |
As restated |
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Reserves |
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Surplus/(deficit) |
- |
- |
For the financial year ending 30 June 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 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Martin Court (RTM) Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a company limited by guarantee, incorporated in England, 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:
England
These financial statements were authorised for issue by the
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.
Prior period errors
On 30th June 2023 Martin Court (RTM) Company Limited ceased to collect the service charges for Martin Court. From 1 July 2023 the service charges were collected through service charge accounts accordingly a prior year adjustment to introduce the reserves of Martin Court (RTM) Company Limited into Martin Court Service Charge Accounts.
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.
Martin Court (RTM) Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. 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.
Trade creditors are recognised initially at the transaction price.
Debtors |
2024 |
2023 |
|
- |
- |
Cash and cash equivalents |
2024 |
2023 |
Creditors |
2024 |
2023 |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was