RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Company Registration Number:
02330363 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the company as head lessor is the owning and managing of the flats known as Stirling Close, Windermere Road, Streatham, London SW16 5HH.



Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

Aashna Musa


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 June 2025

And signed on behalf of the board by:
Name: Aashna Musa
Status: Director

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 14,257 19,510
Cost of sales: 0 0
Gross profit(or loss): 14,257 19,510
Distribution costs: 0 0
Administrative expenses: ( 14,257 ) ( 19,510 )
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 9,117 9,117
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 9,117 9,117
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 9,004 ) ( 9,004 )
Net current assets (liabilities): 113 113
Total assets less current liabilities: 113 113
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 113 113
Capital and reserves
Called up share capital: 36 36
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 77 77
Total Shareholders' funds: 113 113

The notes form part of these financial statements

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 June 2025
and signed on behalf of the board by:

Name: Aashna Musa
Status: Director

The notes form part of these financial statements

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover relates to ground rents receivable under the terms of the leases issued on the flats.

    Tangible fixed assets depreciation policy

    The company’s tangible fixed assets comprise the head lease of the 36 flats at Stirling Close, Windermere Road, Streatham, London SW16 5HH. The director is of the opinion that FRS 102 and its requirements to depreciate tangible fixed assets does not apply in this instance and therefore the directors have taken advantage of the true and fair override disclosure in order that the financial statements show a true and fair view.

    Other accounting policies

    Basis of preparation of financial statements, Critical accounting estimates and areas of judgement, Going concern, Financial instruments, Debtors, Creditor and Taxation.

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 7,129 7,129
Other debtors 1,988 1,988
Total 9,117 9,117
Debtors due after more than one year: 0 0

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 9,004 9,004
Other creditors 0 0
Total 9,004 9,004

RATEWORTHY RESIDENTS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Financial Commitments

There were no reportable financial commitments at the balance sheet date as regards operating leases and pensions.