Silverthorne RTM Company Ltd Filleted accounts for Companies House (small and micro)

SILVERTHORNE RTM COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07737834

Silverthorne RTM Company Ltd

Company Limited by Guarantee

Filleted Unaudited Abridged Financial Statements

31 December 2018

Silverthorne RTM Company Ltd

Company Limited by Guarantee

Abridged Statement of Financial Position

31 December 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	13,045	10,690
Cash at bank and in hand	57,762	56,399
	--------	--------
	70,807	67,089

Creditors: amounts falling due within one year	8,595		8,542
	--------		--------
Net current assets		62,212	58,547
		--------	--------
Total assets less current liabilities		62,212	58,547

Creditors: amounts falling due after more than one year	62,190	58,525
	--------	--------
Net assets	22	22
	--------	--------

Capital and reserves

Profit and loss account	22	22
	----	----
Members funds	22	22
	----	----

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

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 December 2018 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

Silverthorne RTM Company Ltd

Company Limited by Guarantee

Abridged Statement of Financial Position (continued)

31 December 2018

These abridged financial statements were approved by the board of directors and authorised for issue on 25 April 2019 , and are signed on behalf of the board by:

Mrs I D Row

Director

Company registration number: 07737834

Silverthorne RTM Company Ltd

Company Limited by Guarantee

Notes to the Abridged Financial Statements

Year ended 31 December 2018

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 3 Chester Mews, Belgravia, London, SW1X 7AH.

2. Statement of compliance

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period.

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. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.

4. Company limited by guarantee

Each member undertakes to contribute a sum not exceeding £1 in the event of the company being wound up whilst a member or within one year of ceasing to be a member.

The income of the company, from wherever derived, shall be applied solely in promoting the company's object, and, save on a winding up of the company, no distribution shall be made to its members in cash or otherwise.

5. Building insurance

The property is insured with Covea Insurance through Parkers of Durneford Court, The Bury, Thorverton, Devon. EX5 5NT under policy number EA105812. Averys Management receives a fee for policy and claims administration work.

6. Related party transactions

The company is a non-profit making organisation owned by the leaseholders of Silverthorne Lofts, Albany Road. The leaseholders contribute towards the running costs of the communal parts of the property through the company on the basis of a pre-arranged formula. The leaseholders, as a body, accumulate funds for budgeted future expenditure and the company holds these funds on their behalf.