2023-05-01 09547773 2024-04-30 09547773 2023-05-01 2024-04-30 09547773 2023-04-30 09547773 2022-05-01 2023-04-30 09547773 uk-core:WithinOneYear 2023-04-30 09547773 uk-core:WithinOneYear 2024-04-30 09547773 uk-core:AfterOneYear 2023-04-30 09547773 uk-core:AfterOneYear 2024-04-30 09547773 uk-core:ShareCapital 2024-04-30 09547773 uk-core:ShareCapital 2023-04-30 09547773 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 09547773 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 09547773 uk-bus:Director1 2023-05-01 2024-04-30 09547773 uk-bus:Director2 2023-05-01 2024-04-30 09547773 uk-core:LandBuildings 2023-05-01 2024-04-30 09547773 uk-core:Buildings 2023-05-01 2024-04-30 09547773 uk-core:ComputerEquipment 2023-05-01 2024-04-30 09547773 uk-core:FurnitureFittings 2023-05-01 2024-04-30 09547773 uk-core:ComputerEquipment 2023-04-30 09547773 uk-core:FurnitureFittings 2023-04-30 09547773 uk-core:Buildings 2023-04-30 09547773 uk-core:LandBuildings 2023-04-30 09547773 uk-core:Buildings 2024-04-30 09547773 uk-core:FurnitureFittings 2024-04-30 09547773 uk-core:ComputerEquipment 2024-04-30 09547773 uk-core:LandBuildings 2024-04-30 iso4217:GBP xbrli:pure 09547773 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09547773 uk-bus:FRS102 2023-05-01 2024-04-30 09547773 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 09547773 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
ETHICAL RESIDENTIAL LIMITED
Registered Number:09547773
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
ETHICAL RESIDENTIAL LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09547773
As at 30 April 2024
ETHICAL RESIDENTIAL LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
674,312
674,481
2
674,312
674,481
Current assets
Trade and other receivables
4,111
1,688
3
10,630
Cash and cash equivalents
3,871
5,559
14,741
Trade and other payables: amounts falling due within one
year
(9,213)
(9,449)
4
5,528
(3,890)
Net current liabilities
Total assets less current liabilities
670,422
680,009
Trade and other payables: amounts falling due after more
than one year
(648,955)
(648,955)
5
21,467
Net assets
31,054
Capital and reserves
Called up share capital
100
100
Retained earnings
21,367
30,954
21,467
31,054
Shareholders' funds
For the year ended 30 April 2024 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr T Siddiqi Director
Mrs A S Siddiqi Director
These financial statements were approved and authorised for issue by the Board on 30 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
ETHICAL RESIDENTIAL LIMITED
Notes to the Financial Statements
Statutory Information
ETHICAL RESIDENTIAL LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09547773.
Registered address:
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling.
Freehold properties are included in the balance sheet at their cost value. No depreciation is provided.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Significant judgements and estimates
The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. In the opinion of the directors, the company has the support of its creditors and financiers for the foreseeable future and it is therefore appropriate to adopt the gonig concern policy.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Straight line
Improvements to Property
0% Straight line
25% Reducing balance
Computer Equipment
25% Reducing balance
Furniture and Fittings
The company''s freehold properties were professionally valued in . This valuation has been reduced by subsequent
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that
valuation has not been updated.
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
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.
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.
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5
For the year ended 30 April 2024
ETHICAL RESIDENTIAL LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Improvements
to Property
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 May 2023
680,565
590
6,170
163,647
510,158
At 30 April 2024
163,647
6,170
590
680,565
510,158
Provision for depreciation and impairment
At 01 May 2023
6,084
531
5,553
-
-
Charge for year
169
15
154
-
-
At 30 April 2024
6,253
546
5,707
-
-
At 30 April 2024
Net book value
510,158
163,647
463
44
674,312
At 30 April 2023
510,158
163,647
617
59
674,481
3. Trade and other receivables
2023
2024
£
£
Other debtors
1,688
4,111
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
879
2,150
Other creditors
8,570
7,063
9,449
9,213
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
648,955
648,955
6. Average number of persons employed
During the year the average number of employees was 0
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