Purley Court RTM Company Limited Company accounts

COMPANY REGISTRATION NUMBER: 05243560

Purley Court RTM Company Limited

Unaudited Financial Statements

25 March 2025

Purley Court RTM Company Limited

Financial Statements

Year ended 25 March 2025

Contents	Page

Officers and professional advisers	1

Directors' report	2

Statement of comprehensive income	4

Statement of financial position	5

Notes to the financial statements	6

The following pages do not form part of the financial statements

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	9

Purley Court RTM Company Limited

Officers and Professional Advisers

The board of directors D Karia

D Simmonds

H Golden

L Burbidge

Registered office	5th Floor
	Melrose House
	42 Dingwall Road
	Croydon
	Surrey
	CR0 2NE

Accountants	Complete Finances
	Accountants
	Southpoint,
	Old Brighton Road,
	Lowfield Heath
	West Sussex.
	RH11 0PR

Property address	Purley Court
	Flats 1-32 Purley Court
	Brighton Road
	Purley
	Surrey
	CR8 2BL

Purley Court RTM Company Limited

Directors' Report

Year ended 25 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 25 March 2025 .

Directors

The directors who served the company during the year were as follows:

D Karia
D Simmonds
L Burbidge
H Golden	(Appointed 10 July 2024)
C M Joglekar	(Resigned 6 August 2024)

Dividends

Due to the nature of the company's activities, no dividends are payable by the company.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

D Simmonds

Director

Registered office:

5th Floor

Melrose House

42 Dingwall Road

Croydon

Surrey

CR0 2NE

Purley Court RTM Company Limited

Statement of Comprehensive Income

Year ended 25 March 2025

	2025	2024
Note	£	£
Income	69,215	46,493

	---------	---------
	69,215	46,493

Administrative expenses	51,238	46,570
	---------	---------
	17,977	( 77)

Interest receivable	255	77
	---------	---------
Surplus before taxation	18,232	–

Taxation on ordinary activities	–	–
	---------	----
Profit for the financial year	18,232	–
	---------	----

Transfers from Reserve Funds	6,000	( 4,616)
Surplus refundable to lessees	(18,232)	–
	---------	-------
Other comprehensive income for the year	( 12,232)	( 4,616)
	---------	-------
Total comprehensive income for the year	6,000	( 4,616)
	---------	-------

All the activities of the company are from continuing operations.

Purley Court RTM Company Limited

Statement of Financial Position

25 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	10,402	11,170
Cash at bank and in hand		35,645	6,015
		---------	---------
		46,047	17,185

Creditors: amounts falling due within one year	6	34,708	11,846
		---------	---------
Net current assets		11,339	5,339
		---------	-------
Total assets less current liabilities		11,339	5,339
		---------	-------
Net assets		11,339	5,339
		---------	-------

Capital and reserves

Other reserves	1,955	1,955
General Reserve Fund	9,384	3,384
	---------	-------
Shareholders funds	11,339	5,339
	---------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 25 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

D Simmonds

Director

Company registration number: 05243560

Purley Court RTM Company Limited

Notes to the Financial Statements

Year ended 25 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5th Floor, Melrose House, 42 Dingwall Road, Croydon, Surrey, CR0 2NE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debt instruments are subsequently measured at amortised cost.

4. Bank account

Service charge money was held in trust at HSBC Bank Plc under the title KDG Property Limited.

5. Debtors

	2025	2024
	£	£
Trade debtors	1,380	2,425
Other debtors	9,022	8,745
	---------	---------
	10,402	11,170
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	206	( 24)
Other creditors	34,502	11,870
	---------	---------
	34,708	11,846
	---------	---------

7. General reserve fund

£

As at 26 March 2024 3,384

Transfer from income and expenditure account 6,000

As at 25 March 2025 9,384

The General Fund has been established to meet the cost of large, non-regular repair and maintenance work which is expected to arise in the future on behalf of the residential lessees. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise.

Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.

8. Top floor reserve fund

£

As at 26 March 2024 & 25 March 2025 1,955

The Top Floor Reserve Fund has been established to meet the cost of large, non-regular repair and maintenance work which is expected to arise in the future on behalf of the residential lessees situated on the top floor. The present level of this fund may prove insufficient given the uncertainty as to when such costs may arise. Any shortfall in this fund resulting from expenditure incurred will be charged to the Income and Expenditure account in that year.

9. Summary of costs as required by section 21(5) landlord and

tenant act 1985.

a) Costs charged in the accounts in respect of which no demand for payment was received by the landlord within the service charge period but provision has been made amounted to £7,649.

b) Costs charged in the accounts in respect of which a demand for payment was so received but no payment was made by the landlord within the service charge period amounted to £Nil.

c) Costs charged in the accounts in respect of which a demand for payment was so received and payment was made by the landlord within the service charge period amounted to £38,498.

Total expenditure incurred within the period totals £46,147.

Purley Court RTM Company Limited

Management Information

Year ended 25 March 2025

The following pages do not form part of the financial statements.

Purley Court RTM Company Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Purley Court RTM Company Limited

Year ended 25 March 2025

You have stated that an audit of the service charge accounts in accordance with International Standards on Auditing is not required under the terms of the lease for Purley Court. In accordance with our engagement letter dated 28 May 2024, we have performed the procedures agreed with you and enumerated below with respect to the service charge accounts set out on pages 1 to 8 in respect of Purley Court for the year ended 25 March 2025 in order to provide a report of factual findings about the service charge accounts that you have issued.

This report is made to the landlord for issue with the service charge accounts in accordance with the terms of our engagement. Our work has been undertaken to enable us to make this report to the Landlord and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Landlord for our work or for this report.

Basis of report

Our work was carried out having regard to TECH 03/11 Residential Service Charge Accounts published jointly by the professional accountancy bodies with ARMA and RICS. In summary, the procedures we carried out with respect to the service charge accounts were:

1. We obtained the service charge accounts and checked whether the figures in the accounts were extracted correctly from the accounting records maintained by or on behalf of the Landlord;

2. We checked, based on a sample, whether entries in the accounting records were supported by receipts, other documentation or evidence that we inspected; and

3. We checked whether the balance of service charge monies for this property shown on page 4 of the service charge accounts agreed or reconciled to the bank statements for the account in which the funds are held.

Because the above procedures do not constitute either an audit or a review made in accordance with International Standards on Auditing (UK and Ireland) or International Standards on Review Engagements, we do not express any assurance on the service charge accounts other than in making the factual statements set out below.

Had we performed additional procedures or had we performed an audit or review of the financial statements in accordance with International Standard on Auditing (UK and Ireland) or International Standards on Review Engagements, other matters might have come to our attention that would have been reported to you.

Report on factual finding:

(a) With respect to item 1 we found the figures in the statement of account to have been extracted correctly from the accounting records.

(b) With respect to item 2 we found that those entries in the accounting records that we checked were supported by receipts, other documentation or evidence that we inspected.

(c) With respect to item 3 we found that the balance of service charge monies shown on

page 4 of the service charge accounts agrees or reconciles to the bank statement for the account in which the funds are held.

Complete Finances Accountants

Southpoint, Old Brighton Road, Lowfield Heath West Sussex. RH11 0PR

19 December 2025