| Lantern RTM Company Limited |
| Company Limited by Guarantee |
| Registered number: |
06690384 |
| Balance Sheet for the Limited Company |
| for the year ended 31 December 2024 |
|
| Notes |
|
2024 |
|
2023 |
|
| £ |
£ |
|
| Fixed assets |
- |
|
- |
|
| Current assets |
- |
|
- |
|
| Current Liabilities |
- |
|
- |
|
| Net assets |
- |
|
- |
|
|
|
|
|
|
|
| Capital and reserves |
- |
|
- |
|
| Shareholders' funds |
- |
|
- |
|
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Keith Morrissey |
| Director |
| Approved by the board on 27 June 2025 |
|
| Lantern RTM Company Limited |
| Company Limited by Guarantee |
| Notes to the Limited Company Accounts |
| for the year ended 31 December 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). |
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
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. |
|
| 4 |
Corporation Tax |
|
|
There is no Corporation Tax payable based on the result for the year (2023: No Corporation Tax payable) |
|
| 5 |
Service Charge Surplus and Reserves held on trust |
|
|
The service charge surplus and reserves held on trust for tenants and thus no longer included within Lantern RTM Company Limited balance sheet total £208,950.00 |
|
| 6 |
Company Limited By Guarantee |
|
|
The Company is a Company Limited by Guarantee, and does not therefore have a share capital. The liability of the members is limited to the amount which each member has guaranteed to subscribe in the event that the Company closes. |
|
| 7 |
Tech 03/11 |
|
|
In accordance with Tech 03/11, guidance issued by the Institute of Chartered Accountants in England and Wales, the net service charge assets and reserves which are held under trust on behalf of the owners are shown in a separate service charge accounts balance sheet. Thus the assets owned by the company are distinguished from those held on trust for the owners. |
|
| 8 |
Other information |
|
|
Lantern RTM Company Limited is a private company limited by gurantee and incorporated in England and Wales. Its registered office is: |
|
The Old Bank |
|
Beaufort Street |
|
Crickhowell |
|
Powys |
|
NP8 1AD |