Freshney House RTM Company Limited - Period Ending 2021-02-28

Freshney House RTM Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Freshney House RTM Company Limited

Company Information

Directors

Mr D A J Wilson Mr R Gleeson

Registered office

Mr R Gleeson The Coach House Henley Manor Crewkerne Somerset TA18 8PG

Accountants

Balance Accounts Limited Chartered Certified Accountants 4 Beau Street Bath BA1 1QY

Freshney House RTM Company Limited

(Registration number: 09853781)
Balance Sheet as at 28 February 2021

	Note	2021 £	2019 £
Current assets
Cash at bank and in hand		622	18,638
Creditors: Amounts falling due within one year	4	(360)	(24,904)
Net assets/(liabilities)		262	(6,266)
Capital and reserves
Income and expenditure account		262	(6,266)
Total equity		262	(6,266)

For the financial period ending 28 February 2021 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 period 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 Income and Expenditure Account has been taken.

Approved and authorised by the Board on 20 August 2021 and signed on its behalf by:
 

.........................................

Mr D A J Wilson
Director

Freshney House RTM Company Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2019 to 28 February 2021

1	General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £2 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Mr R Gleeson The Coach House
Henley Manor
Crewkerne
Somerset
TA18 8PG
England

These financial statements were authorised for issue by the Board on 20 August 2021.

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 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises of funds introduced by owners for the ongoing costs and maintenance of the property. There is no trading income.

Employees

There were no employees and the directors received no remuneration for their services.

Corporation Tax

There is no corporation tax payable on these accounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Freshney House RTM Company Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2019 to 28 February 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2019 - 0).

4

Creditors

Creditors: amounts falling due within one year

	2021 £	2019 £
Due within one year
Accruals and deferred income	360	660
Other creditors	-	24,244
	360	24,904

5	Limited by Guarantee

The company is limited by guarantee of members and does not have any share capital. The liability of members is limited to £1.