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REGISTERED NUMBER: 09660241 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2022

FOR

RESIDENCY LIMITED

RESIDENCY LIMITED (REGISTERED NUMBER: 09660241)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RESIDENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2022







DIRECTOR: Mr M Menair





REGISTERED OFFICE: 80 Islington High Street
London
N1 8EQ





REGISTERED NUMBER: 09660241 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

RESIDENCY LIMITED (REGISTERED NUMBER: 09660241)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2022

30/6/22 30/6/21
Notes £    £   
FIXED ASSETS
Investment property 4 7,770,668 7,770,668

CURRENT ASSETS
Debtors 5 13,356 22,648
Cash at bank 146,953 75,598
160,309 98,246
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(42,339

)

(47,020

)
NET CURRENT ASSETS 117,970 51,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,888,638

7,821,894

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(5,087,210

)

(5,028,571

)
NET ASSETS 2,801,428 2,793,323

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 2,765,600 2,765,600
Retained earnings 33,828 25,723
SHAREHOLDERS' FUNDS 2,801,428 2,793,323

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

RESIDENCY LIMITED (REGISTERED NUMBER: 09660241)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th July 2022 and were signed by:





Mr M Menair - Director


RESIDENCY LIMITED (REGISTERED NUMBER: 09660241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2022


1. STATUTORY INFORMATION

Residency Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

RESIDENCY LIMITED (REGISTERED NUMBER: 09660241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2021
and 30th June 2022 7,770,668
NET BOOK VALUE
At 30th June 2022 7,770,668
At 30th June 2021 7,770,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/22 30/6/21
£    £   
Trade debtors 9,810 19,020
Other debtors 3,546 3,628
13,356 22,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/22 30/6/21
£    £   
Taxation and social security 2,646 2,716
Other creditors 39,693 44,304
42,339 47,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/22 30/6/21
£    £   
Bank loans 1,953,440 1,953,440
Other creditors 3,133,770 3,075,131
5,087,210 5,028,571