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REGISTERED NUMBER: 08958761 (England and Wales)















SCOTNEY GARDENS RTM COMPANY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






SCOTNEY GARDENS RTM COMPANY LTD (REGISTERED NUMBER: 08958761)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCOTNEY GARDENS RTM COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: K Stannard
N Monks
D J Raffill





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 08958761 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SCOTNEY GARDENS RTM COMPANY LTD (REGISTERED NUMBER: 08958761)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 4 34,802 135,708
Cash at bank and in hand 176,980 66,412
211,782 202,120
CREDITORS
Amounts falling due within one year 5 (30,157 ) (58,809 )
NET CURRENT ASSETS 181,625 143,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,625

143,311

RESERVES
Undistributable 6 181,625 143,311
181,625 143,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:





D J Raffill - Director


SCOTNEY GARDENS RTM COMPANY LTD (REGISTERED NUMBER: 08958761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Scotney Gardens Rtm Company Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Undistributable reserves
The company is required to ensure that all the communal areas to the flats are kept in a good repair and order and this requires major works to be carried out every few years. An overall reserve is maintained in order to provide the necessary funds and meet the cost of the required work, this is held in the undistributable reserve fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

SCOTNEY GARDENS RTM COMPANY LTD (REGISTERED NUMBER: 08958761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Service charges due 27,790 131,393
Prepayments 7,012 4,315
34,802 135,708

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Corporation Tax 2,770 134
Sundry creditors 473 -
Overpaid service charges 6,472 16,358
Accrued expenses 20,442 42,317
30,157 58,809

6. RESERVES
Income
and
expenditure
account Undistributable Totals
£    £    £   

At 1 April 2024 - 143,311 143,311
Surplus for the year 38,314 38,314
Movement (38,314 ) 38,314 -
At 31 March 2025 - 181,625 181,625

7. RELATED PARTY DISCLOSURES

Peco Flat Management acted as the managing agent for Scotney Gardens RTM Company Ltd during the year, having been appointed by the Directors. Mr P Beirne, proprietor of Peco Flat Management, was also a leaseholder at Scotney Gardens and is therefore considered a related party.

During the year, service agreement fees totalling £72,792.50 (2024: £76,834) were paid to Peco Flat Management.

Mr Beirne sadly passed away on 6 January 2025. Following his passing, Ms C Lutener assumed the role of managing agent. Payments totalling £17,638.50 were made to Ms Lutener during the year in respect of management services provided.

As leaseholders, the Directors and Mr Beirne were each invoiced for service charges and water rates in relation to their respective properties within Scotney Gardens.

Additionally, Mr D Rafill (Director) was reimbursed £50.00 for litigation-related expenses, and Mr N Hay (leaseholder and former Director) was reimbursed £345.28, also in respect of litigation-related costs.flats.

SCOTNEY GARDENS RTM COMPANY LTD (REGISTERED NUMBER: 08958761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. TRANSFER OF MANAGEMENT AND RESERVES

From 1 April 2022 Scotney Gardens RTM Company Ltd overtook all responsibilities relating to the running of 1-230 Scotney Gardens Maidstone Kent ME16 0GW/R/T previously undertaken by St Peter Street (Maidstone) Ltd.

As of 1 April 2023 the reserves of St Peter Street (Maidstone) Ltd have been transferred to Scotney Gardens RTM Company Ltd to continue operations of flat managment for the leaseholders.

9. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and as such has no share capital.