1 October 2023 v2025.41.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP102570672023-10-012024-09-30102570672024-09-30102570672023-09-3010257067core:WithinOneYear2024-09-3010257067core:WithinOneYear2023-09-3010257067core:AfterOneYear2024-09-3010257067core:AfterOneYear2023-09-3010257067core:ShareCapital2024-09-3010257067core:ShareCapital2023-09-3010257067core:RetainedEarningsAccumulatedLosses2024-09-3010257067core:RetainedEarningsAccumulatedLosses2023-09-3010257067bus:Director12023-10-012024-09-3010257067bus:RegisteredOffice2023-10-012024-09-3010257067core:OfficeEquipment2023-10-012024-09-3010257067core:PlantMachinery2024-09-3010257067core:PlantMachinery2023-10-0110257067core:PlantMachinery2023-10-012024-09-3010257067core:PlantMachinery2023-09-301025706712023-10-012024-09-30102570672022-10-012023-09-3010257067countries:EnglandWales2023-10-012024-09-3010257067bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3010257067bus:PrivateLimitedCompanyLtd2023-10-012024-09-3010257067bus:SmallEntities2023-10-012024-09-3010257067bus:FullAccounts2023-10-012024-09-30
Company registration number:
10257067
Radius Residential Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Radius Residential Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Radius Residential Limited
Year ended
30 September 2024
As described on the statement of financial position, the Board of Directors of
Radius Residential Limited
are responsible for the preparation of the
financial statements
for the year ended
30 September 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Radius Residential Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
504
 
Current assets    
Debtors 6
1,644,258
 
1,646,234
 
Cash at bank and in hand
262
 
34,153
 
1,644,520
 
1,680,387
 
Creditors: amounts falling due within one year 7
(7,752,017
)
(7,712,660
)
Net current liabilities
(6,107,497
)
(6,032,273
)
Total assets less current liabilities (6,107,497 ) (6,031,769 )
Creditors: amounts falling due after more than one year 8
(19,407
)
(30,036
)
Net liabilities
(6,126,904
)
(6,061,805
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(6,127,004
)
(6,061,905
)
Shareholders deficit
(6,126,904
)
(6,061,805
)
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 June 2025
, and are signed on behalf of the board by:
Mr Nicholas Vaus
Director
Company registration number:
10257067
Radius Residential Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
First Floor, Winston House
,
349 Regents Park Road
,
London
,
N3 1DH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The balance sheet at the end of the year recorded net liabilities. However, the director believes sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 year 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.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
and
30 September 2024
1,008
 
Depreciation  
At
1 October 2023
504
 
Charge
504
 
At
30 September 2024
1,008
 
Carrying amount  
At
30 September 2024
-  
At 30 September 2023
504
 

6 Debtors

20242023
££
Trade debtors
449
  -  
Other debtors
1,643,809
 
1,646,234
 
1,644,258
 
1,646,234
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
17,387
 
6,311
 
Other creditors
7,734,630
 
7,706,349
 
7,752,017
 
7,712,660
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
19,407
 
30,036