REGISTERED NUMBER: 06195287 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

DEMO RTM Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms S M Barry

Ms M Barry

Ms N Dibba

Miss H J Koroma

Ms V Matten

A P Morgan

Ms J M Nicholson

Ms P A Oforley

P Opendi

D A Roy

Ms N Yussif

REGISTERED OFFICE:

5 Kingsdown House

Amhurst Road

London

E8 2AS

REGISTERED NUMBER:

06195287 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anthony Armstrong FCA

AUDITORS:

Armstrong & Co

Chartered Accountants & Statutory Auditors

4a Printing House Yard

Hackney Road

London

E2 7PR

FIXED ASSETS

Tangible assets

4

1,890

3,164

CURRENT ASSETS

Debtors

5

2,777

74,445

Cash at bank and in hand

389,145

284,471

391,922

358,916

CREDITORS

Amounts falling due within one year

6

157,963

137,483

NET CURRENT ASSETS

233,959

221,433

TOTAL ASSETS LESS CURRENT LIABILITIES

235,849

224,597

PROVISIONS FOR LIABILITIES

360

602

NET ASSETS

235,489

223,995

RESERVES

Reserve fund

67,368

56,755

Retained earnings

168,121

167,240

235,489

223,995

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd September 2025 and were signed on its behalf by:

Ms J M Nicholson - Director

A P Morgan - Director

1.	STATUTORY INFORMATION

DEMO RTM Company Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirement of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration receivable, excluding discounts and value added tax. Income from the London Borough of Hackney is recognised in the period to which it relates. Other income is recognised as it arises.

Tangible fixed assets

Tangible fixed assets are capitalised at cost and subsequently measured at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their residual value, over their expected useful lives on the following basis:

Plant and machinery - 20% straight line

Fixtures, fittings and ground works - 20% to 25% straight line

Office equipment - 20% to 25% straight line

Purchases of tangible fixed assets over the value of £500 are capitalised at cost. Assets of a lower amount are capitalised at the discretion of the directors.

Taxation

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

Pension costs and other post-retirement benefits

The company contributes to employees personal pension schemes through Auto Enrolment and defined contributions. Contributions are charged to the profit and loss account in the period to which they relate.

Financial instruments

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar account.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

1,190

24,358

17,829

43,377

DEPRECIATION

At 1st April 2024

702

23,979

15,532

40,213

Charge for year

175

109

990

1,274

At 31st March 2025

877

24,088

16,522

41,487

NET BOOK VALUE

At 31st March 2025

313

270

1,307

1,890

At 31st March 2024

488

379

2,297

3,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

235

73,488

Other debtors

2,542

957

2,777

74,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,534

21,893

Taxation and social security

13,669

9,853

Other creditors

122,760

105,737

157,963

137,483

Within trade creditors is an invoice for £8,730 (inc VAT) from the London Borough of Hackney (LBH) dated 22 April 2014 in relation to the void allowance paid to the company for the year ended 31 March 2014, when the allowance for refurbishing empty properties (voids) to the required standard for renting was overspent. The combination of high costs and the number of void properties led to this expenditure for the 9 months to December being £33,455 against funding of £29,101 per annum. LBH gave the company no support or indication of assistance and the directors were left with no alternative to handing this service back to LBH, who suggested that they may seek repayment of the funding for the fourth quarter of the funding year, but this invoice was not received by the company until May 2017. The directors obviously dispute this invoice and fully expect that it will be cancelled in due course.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Armstrong FCA (Senior Statutory Auditor)

for and on behalf of Armstrong & Co

8.	RELATED PARTY DISCLOSURES

All related party transactions relate to the London Borough of Hackney.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

10.	CONVERTING FROM DEMO RTM LTD TO DEMO CIC

Having secured constitutional approval from its membership to convert to a CIC, DEMO RTM Ltd originally submitted documentation to Companies House to affect the conversion in 2020. This eventually had to be resubmitted in late 2022 following confirmation from Companies House that it could not trace the submission. The application has subsequently been received and reviewed by Companies House and DEMO RTM Ltd has been asked to resubmit a single form (CIC37) to certify that all company directors endorse the conversion to a CIC. This endorsement has been sent to Companies House in June 2024 and their response is awaited.