House Seven - Kipling Terrace RTM Company Limited - Period Ending 2022-03-31

House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee

Company Information

Directors

C T H Caplowe T Savage B Montague

Company secretary

F M Stafford

Registered office

Tree Tops St Catherines Hook Heath WOKING Surrey GU22 0HW

Solicitors

Slee Blackwell 10 Cross Street BARNSTAPLE Devon EX31 1AA

Accountants

Glover Stanbury Chartered Accountants 27 Bridgeland Street BIDEFORD Devon EX39 2PZ

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee
for the Year Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of House Seven - Kipling Terrace RTM Company Limited for the year ended 31 March 2022 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of House Seven - Kipling Terrace RTM Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of House Seven - Kipling Terrace RTM Company Limited and state those matters that we have agreed to state to the Board of Directors of House Seven - Kipling Terrace RTM Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than House Seven - Kipling Terrace RTM Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that House Seven - Kipling Terrace RTM Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of House Seven - Kipling Terrace RTM Company Limited. You consider that House Seven - Kipling Terrace RTM Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of House Seven - Kipling Terrace RTM Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Glover Stanbury
Chartered Accountants
27 Bridgeland Street
BIDEFORD
Devon
EX39 2PZ

19 April 2022

House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2022

	Note	2022 £	2021 £
Turnover		4,006	6,259
Administrative expenses		(4,006)	(6,259)
Operating profit/(loss)		-	-
Profit/(loss) before tax		-	-
Profit/(loss) for the financial year		-	-
Retained earnings brought forward		-	-
Retained earnings carried forward		-	-

House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee

(Registration number: 04913209)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	829	956
Cash at bank and in hand		7,752	5,795
		8,581	6,751
Creditors: Amounts falling due within one year	5	(8,581)	(6,751)
Net assets/(liabilities)		-	-
Capital and reserves
Shareholders' funds/(deficit)		-	-

For the financial year ending 31 March 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 April 2022 and signed on its behalf by:

C T H Caplowe Director

House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tree Tops
St Catherines
Hook Heath
WOKING
Surrey
GU22 0HW

These financial statements were authorised for issue by the Board on 12 April 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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'.

Basis of preparation

These financial statements have been prepared under the historical cost convention on a going concern basis.

Revenue recognition

Turnover represents the contributions recoverable from the leaseholders to meet the expenses incurred by the company.

Share capital

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

House Seven - Kipling Terrace RTM Company Limited

trading as Company limited by guarantee

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like creditors, debtors, leaseholders' current accounts and bank balances.
 Impairment
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 0 (2021 - 0).

4

Debtors

	2022  £	2021  £
Prepayments	829	956

5

Creditors

	Note	2022 £	2021 £
Due within one year
Leaseholders' current accounts	6	8,053	6,247
Other creditors		528	504
		8,581	6,751

6	Related party transactions

Each director is the owner of a flat at House 7, Kipling Terrace and liable to pay a proportional contribution to the company's expenses.