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REGISTERED NUMBER: 06018752 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD

30 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

RESIDENTIAL LAND MANAGEMENT LIMITED

RESIDENTIAL LAND MANAGEMENT LIMITED (REGISTERED NUMBER: 06018752)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 30 December 2022 to 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


RESIDENTIAL LAND MANAGEMENT LIMITED

COMPANY INFORMATION
for the period 30 December 2022 to 31 December 2023







DIRECTORS: Mr B W Ritchie
Mr J S D A Rust



REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD



REGISTERED NUMBER: 06018752 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Adam Moody FCCA



AUDITORS: Xeinadin Audit Limited, Statutory Auditor
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD

RESIDENTIAL LAND MANAGEMENT LIMITED (REGISTERED NUMBER: 06018752)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
£    £   
CURRENT ASSETS
Debtors 2,366,537 18,998,664
Cash at bank 397,980 206,641
2,764,517 19,205,305
CREDITORS
Amounts falling due within one year 1,956,343 1,888,722
NET CURRENT ASSETS 808,174 17,316,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,174

17,316,583

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 808,173 17,316,582
SHAREHOLDERS' FUNDS 808,174 17,316,583

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 May 2025 and were signed on its behalf by:





Mr J S D A Rust - Director


RESIDENTIAL LAND MANAGEMENT LIMITED (REGISTERED NUMBER: 06018752)

NOTES TO THE FINANCIAL STATEMENTS
for the period 30 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Residential Land Management 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

RESIDENTIAL LAND MANAGEMENT LIMITED (REGISTERED NUMBER: 06018752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 December 2022 to 31 December 2023

4. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Adam Moody FCCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited, Statutory Auditor

5. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, rent and services of £1,409,961 (2022 - £652,812) were paid to Saxonchart Limited, a company in which Residential Land Holdings Limited owns 50% of the issued share capital. Additionally, fees and costs of £150,514 (2022 - £114,471) were charged to Saxonchart Limited. At the balance sheet date, the company owed £142,367 (2022 - £330,576 was owed) to/(by) Saxonchart Limited.

6. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

7. POST BALANCE SHEET EVENTS

The company is in the process of carrying out a detailed review of its historical income and expenditure which may lead to further adjustments.

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous years, by Mr B W Ritchie, a director, by virtue of his ownership of the entire issued share capital of the parent company, Residential Land Holdings Limited.