Greyfriars Court RTM Company Limited
(limited by guarantee)
Exception report
for the year ended 31 December 2025
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 January 2025 per
TB 		Balance at 31
December 2024 per
accounts 		Difference
£ £ £
Income and expenditure account
(Account 968) 		51,204 51,203 1
51,204 51,203 1
This page does not form part of the statutory financial statements.
Company registration number: 06323425
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Greyfriars Court RTM Company Limited
(limited by guarantee)
Pages for filing with the Registrar
Company registration number: 06323425
Greyfriars Court RTM Company Limited
(limited by guarantee)
Balance sheet
as at 31 December 2025
2025 2024
£ £ £ £
Current assets
Debtors 18,771 22,333
Cash at bank and in hand 13,185 29,500
31,956 51,833
Creditors: amounts falling due within one
year 		(659) (630)
Net current assets 31,297 51,203
NET ASSETS 31,297 51,203
Reserves
Income and expenditure account 31,297 51,203
TOTAL RESERVES 31,297 51,203
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 and expenditure account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 8 May 2026 and signed on its behalf by:
Mr T Smith, Director
8 May 2026
1
Greyfriars Court RTM Company Limited
(limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Greyfriars Court RTM Company Limited is a private company registered in England and Wales. Its registered number is 06323425. The company is limited by guarantee. Its registered office is 42 Masons Rise, Broadstairs, Kent, CT10 1AZ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Changes in accounting policies
Taxation

This is a property management company formed for the benefit of the owners of the flats and as such is not liable to tax.

Service Charges are raised to collect funds to pay for insurance and repairs etc affecting all the flats.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 DEBTORS
Debtors consist of :-
Greyfriars Court Freehold Ltd £ 641
Fees raised - in Arrears £13,764
Prepayments - for Insurances £ 4,366
2
Greyfriars Court RTM Company Limited
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 December 2025
5 SERVICE CHARGES
Service Charges raised in the year totalled £19,500 of which £10,500 was raised on the 30th November 2025 in
respect of fees due for the period 1st January 2026 to the 30th June 2026.

A Refund of £2,250 re Service Charges previously raised
has been granted.

It is noted that 5 of the 15 flat owners owed this fee as at the 31st December 2025.
6 RESERVES
Expenses in the year exceeded Service Charges due by £19,907, reducing the funds brought forward to £31,297,
being available towards future expenditure.
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