ACCOUNTS - Final Accounts preparation

EASTCOURT RTM COMPANY LIMITED - Company Information

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Registered number: 08885199

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

COMPANY INFORMATION

Director	J R Ellis


Company secretary	LRPM Limited


Registered number	08885199


Registered office	8 Hamilton Road
	Cromer
	Norfolk
	NR27 9HL


Accountants	MA Partners LLP
	Chartered Accountants
	12 Church Street
	Cromer
	Norfolk
	NR27 9ER

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

CONTENTS

	Page
Director's Report	1
Accountants' Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Notes to the Financial Statements	6 - 7

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The director presents her report and the financial statements for the year ended 31 March 2021.

Director

The director who served during the year was:

J R Ellis

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 9 December 2021 and signed on its behalf.

J R Ellis

Director

Page 1

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EASTCOURT RTM COMPANY LIMITED
FOR THE YEAR ENDED 31 MARCH 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastcourt RTM Company Limited for the year ended 31 March 2021 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet and the related notes 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 https://www.icaew.com/regulation.

This report is made solely to the director of Eastcourt RTM Company Limited in accordance with the terms of our engagement letter dated February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Eastcourt RTM Company Limited and state those matters that we have agreed to state to the director of Eastcourt RTM Company Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eastcourt RTM Company Limited and its director for our work or for this report.

It is your duty to ensure that Eastcourt RTM Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Eastcourt RTM Company Limited. You consider that Eastcourt RTM Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Eastcourt 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 financial statements.

MA Partners LLP

Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER

9 December 2021

Page 2

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

The Company has no income or expenditure in its own right. All transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of East Court, 2 Abbey Road, Sheringham are held on trust for the residents.

Page 3

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2021

				2021	2020
			Note	£	£

Other comprehensive income
Total comprehensive income for the year		-	-

The notes on pages 6 to 7 form part of these financial statements.

Page 4

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

REGISTERED NUMBER: 08885199

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	6,842		7,279
		6,842		7,279
Creditors: amounts falling due within one year	5	(6,842)		(7,279)
Net current assets			-		-
Total assets less current liabilities			-		-

Net assets			-		-

Capital and reserves
	-	-

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 December 2021.

J R Ellis

Director

The notes on pages 6 to 7 form part of these financial statements.

Page 5

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

The Company is a private company, limited by guarantee, incorporated and domiciled in England and Wales. The Company's registered office is 8 Hamilton Road, Cromer, Norfolk, NR27 9HL.
The Company's principal activity is that of a flat management company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Debtors

					2021	2020
					£	£


Other debtors	6,842	7,279
	6,842	7,279

Page 6

EASTCOURT RTM COMPANY LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	6,842	7,279
	6,842	7,279


6.	Company status

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.

Page 7