RO24 Royston Management Company Limited
Registered number: 06349173
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 14,610 6,467
Cash at bank and in hand 15,887 18,484
30,497 24,951
Creditors: amounts falling due within one year 4 (30,482) (24,936)
Net current assets 15 15
Net assets 15 15
Capital and reserves
Called up share capital 15 15
Profit and loss account - -
Shareholders' funds 15 15
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 profit and loss account has not been delivered to the Registrar of Companies.
R Ralston
Director
Approved by the board on 26 March 2025
RO24 Royston Management Company Limited
Notes to the Accounts
for the period from 1 April 2023 to 30 June 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Taxation
The company is a property management company and corporation tax is not due on any surplus made.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 7,129 3,976
Prepayments 7,466 2,476
Other debtors 15 15
14,610 6,467
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 30,482 24,936
30,482 24,936
5 Controlling party
The company has no significant controlling party.
6 Other information
RO24 Royston Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Units 6a & 6b Quickbury Farm
Hatfield Heath Road, Sheering
Sawbridgeworth
Hertfordshire
CM21 9HY
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