Company Registration No. 06357061 (England and Wales)
Residia Properties Limited
Unaudited accounts
for the year ended 31 March 2023
Residia Properties Limited
Unaudited accounts
Contents
Residia Properties Limited
Company Information
for the year ended 31 March 2023
Directors
Garry Heil
Edwin Bradshaw
Chris Mason
Steve Baker
Company Number
06357061 (England and Wales)
Registered Office
6 BOULTERS LOCK
GIFFARD PARK
MILTON KEYNES
BUCKINGHAMSHIRE
MK14 5QR
Accountants
JJL Accountants Limited
97 Ribchester Road
Clayton le Dale
Blackburn
Lancashire
BB1 9HT
Residia Properties Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,395,000
1,395,000
Cash at bank and in hand
18,763
17,984
Creditors: amounts falling due within one year
(317,358)
(318,123)
Net current liabilities
(292,595)
(294,139)
Total assets less current liabilities
1,102,405
1,100,861
Creditors: amounts falling due after more than one year
(438,840)
(451,936)
Net assets
663,565
648,925
Called up share capital
400,000
400,000
Revaluation reserve
485,449
485,449
Profit and loss account
(221,884)
(236,524)
Shareholders' funds
663,565
648,925
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Garry Heil
Director
Company Registration No. 06357061
Residia Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
Residia Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06357061. The registered office is 6 BOULTERS LOCK, GIFFARD PARK, MILTON KEYNES, BUCKINGHAMSHIRE, MK14 5QR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
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Tangible fixed assets
Land & buildings
At 31 March 2023
1,395,000
At 31 March 2023
1,395,000
At 31 March 2022
1,395,000
Amounts falling due within one year
Residia Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,409
1,261
Taxes and social security
560
560
Other creditors
239,619
240,552
Loans from directors
75,000
75,000
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
438,840
451,936
Allotted, called up and fully paid:
400,000 Ordinary shares of £1 each
400,000
400,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).