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REGISTERED NUMBER: 14520808 (England and Wales)

























Unaudited Financial Statements

for the Period 2 December 2022 to 31 March 2024

for

Resident North Limited

Resident North Limited (Registered number: 14520808)






Contents of the Financial Statements
for the Period 2 December 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Resident North Limited

Company Information
for the Period 2 December 2022 to 31 March 2024







DIRECTORS: Miss A Demirci
Ms L J Hunter
A Mussell





REGISTERED OFFICE: 2 Station View
Rhino Court
Hazel Grove
Stockport
SK7 5ER





REGISTERED NUMBER: 14520808 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Resident North Limited (Registered number: 14520808)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 15,086

CURRENT ASSETS
Debtors 5 9,490
Cash at bank 18,880
28,370
CREDITORS
Amounts falling due within one
year

6

13,017
NET CURRENT ASSETS 15,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,439

CREDITORS
Amounts falling due after more
than one year

7

(31,870

)

PROVISIONS FOR LIABILITIES (291 )
NET LIABILITIES (1,722 )

CAPITAL AND RESERVES
Called up share capital 99
Retained earnings (1,821 )
(1,722 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Resident North Limited (Registered number: 14520808)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





Ms L J Hunter - Director


Resident North Limited (Registered number: 14520808)

Notes to the Financial Statements
for the Period 2 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

Resident North 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company has made losses in the year and the balance sheet is insolvent. The company is reliant on the support of associated companies in order to continue to trade. These companies have indicated that the support will continue and the accounts have been prepared on a going concern basis as a result of this.

Resident North Limited (Registered number: 14520808)

Notes to the Financial Statements - continued
for the Period 2 December 2022 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 15,673
At 31 March 2024 15,673
DEPRECIATION
Charge for period 587
At 31 March 2024 587
NET BOOK VALUE
At 31 March 2024 15,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,457
Other debtors 33
9,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 236
Taxation and social security 11,419
Other creditors 1,362
13,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to associates 31,870

8. RELATED PARTY DISCLOSURES

As at 31 March 2024 the company owed the directors £652.

As ar 31 March 2024 the company owed Made by collusion £31,870, this is repayable on demand with no interest being charged.