Company Registration No. 08875948 (England and Wales)
TERN HOUSE RTM COMPANY LTD
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 28 FEBRUARY 2015
TERN HOUSE RTM COMPANY LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
TERN HOUSE RTM COMPANY LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TERN HOUSE RTM COMPANY LTD FOR THE PERIOD ENDED 28 FEBRUARY 2015
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tern House RTM Company Ltd for the period ended 28 February 2015 set out on pages 2 to 3 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Tern House RTM Company Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tern House RTM Company Ltd and state those matters that we have agreed to state to the Board of Directors of Tern House RTM Company Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tern House RTM Company Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Tern House RTM Company Ltd 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 profit of Tern House RTM Company Ltd. You consider that Tern House RTM Company Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Tern House RTM Company Ltd. 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.
Moore and Smalley LLP
Chartered Accountants
Priory Close
St Marys Gate
Lancaster
LA1 1XB
27 October 2015
TERN HOUSE RTM COMPANY LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 2 -
2015
Notes
£
£
Current assets
Debtors
90
Cash at bank and in hand
538
628
Creditors: amounts falling due within one year
(443)
Total assets less current liabilities
185
Capital and reserves
Profit and loss account
185
Shareholders' funds
185
For the financial period ended 28 February 2015 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 financial statements for the period 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 financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 October 2015
Ms M R Brzeska
Mr M T Riley
Director
Director
Company Registration No. 08875948
TERN HOUSE RTM COMPANY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 28 FEBRUARY 2015
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents service charges receivable and amounts receivable for specific costs incurred by the company within the same period.
service charges receivable and amounts receivable for specific costs incurred by the company within the same period.
1.4
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Company limited by guarantee
The company is limited by guarantee and as such there is no issued share capital.