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REGISTERED NUMBER: 05413818 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

RESIDENTIAL FREEHOLDS LIMITED

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 9

RESIDENTIAL FREEHOLDS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 05413818 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

STATEMENT OF FINANCIAL POSITION
29 DECEMBER 2023

29.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Investments 4 12,084 12,084
Investment property 5 2,814,860 2,814,860
2,826,944 2,826,944

CURRENT ASSETS
Debtors 6 801,994 426,461
Cash at bank 635 812
802,629 427,273
CREDITORS
Amounts falling due within one year 7 (3,179,341 ) (2,716,127 )
NET CURRENT LIABILITIES (2,376,712 ) (2,288,854 )
TOTAL ASSETS LESS CURRENT LIABILITIES 450,232 538,090

PROVISIONS FOR LIABILITIES 8 (83,874 ) (83,874 )
NET ASSETS 366,358 454,216

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 345,224 345,224
Retained earnings 10 21,034 108,892
SHAREHOLDERS' FUNDS 366,358 454,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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.

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

STATEMENT OF FINANCIAL POSITION - continued
29 DECEMBER 2023


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 24 September 2024 and were signed by:





L C Freilich - Director


RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


1. STATUTORY INFORMATION

Residential Freeholds 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.

Turnover represents invoiced ground rents on investment properties and insurance commissions.

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 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 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 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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 31 December 2022
and 29 December 2023 12,084
NET BOOK VALUE
At 29 December 2023 12,084
At 30 December 2022 12,084

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Robshaws South West Limited
Registered office:
Nature of business: Trading in real estate
%
Class of shares: holding
Ordinary 100.00

Barclays Real Estate Advisory Limited
Registered office:
Nature of business: Trading in real estate
%
Class of shares: holding
Ordinary 100.00

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 29 December 2023 2,814,860
NET BOOK VALUE
At 29 December 2023 2,814,860
At 30 December 2022 2,814,860

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Trade debtors 422,679 425,386
Other debtors 379,315 1,075
801,994 426,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed to group undertakings 1,977,964 1,639,480
Taxation and social security 60,543 17,813
Other creditors 1,140,834 1,058,834
3,179,341 2,716,127

8. PROVISIONS FOR LIABILITIES
29.12.23 30.12.22
£    £   
Deferred tax 83,874 83,874

Deferred
tax
£   
Balance at 31 December 2022 83,874
Balance at 29 December 2023 83,874

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 31 December 2022 108,892 345,224 454,116
Profit for the period 162,142 162,142
Dividends (250,000 ) (250,000 )
At 29 December 2023 21,034 345,224 366,258

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES

MP Group Services Ltd

A company under common control


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 134,994 1,052,994

Moreland Property Group Ltd

The parent company


This amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 1,862,980 1,612,980

Freehold Reversions 4 Ltd

A company under common control


This amount is payable on demand.

Robshaw South West Ltd

A company under common control


29.12.23 30.12.22
£    £   
Amount due (to)/from related party at the balance sheet date (14,000 ) 14,000

Reelstone Properties Holdings Ltd

A company under common control


29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 12,500 12,500

RESIDENTIAL FREEHOLDS LIMITED (REGISTERED NUMBER: 05413818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES - continued

MPG Payroll Services Ltd

A company under common control


29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 88,484 -

12. ULTIMATE PARENT COMPANY

The Moreland Property Group is regarded by the director as being the ultimate parent company.

ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RESIDENTIAL FREEHOLDS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Residential Freeholds Limited for the period ended 29 December 2023 which comprise the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Residential Freeholds Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Residential Freeholds Limited and state those matters that we have agreed to state to the director of Residential Freeholds Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Residential Freeholds Limited and its director for our work or for this report.

It is your duty to ensure that Residential Freeholds 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 profit of Residential Freeholds Limited. You consider that Residential Freeholds Limited 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 Residential Freeholds 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.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


24 September 2024