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Registered number: 08937741
Residential Key Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08937741
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181 226
Investment Properties 5 100,000 100,000
100,181 100,226
CURRENT ASSETS
Cash at bank and in hand 1,117 415
1,117 415
Creditors: Amounts Falling Due Within One Year 6 (62,394 ) (57,083 )
NET CURRENT ASSETS (LIABILITIES) (61,277 ) (56,668 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,904 43,558
Creditors: Amounts Falling Due After More Than One Year 7 (65,657 ) (65,657 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,465 ) (3,465 )
NET LIABILITIES (30,218 ) (25,564 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 14,774 14,774
Profit and Loss Account (44,994 ) (40,340 )
SHAREHOLDERS' FUNDS (30,218) (25,564)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ezequiel Lisak Zabotinsky
Director
22/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Residential Key Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08937741 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance basis
2.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 1,690
As at 31 March 2025 1,690
Depreciation
As at 1 April 2024 1,464
Provided during the period 45
As at 31 March 2025 1,509
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2025 181
As at 1 April 2024 226
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 100,000
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 25,050 22,551
Director's loan account 37,344 34,532
62,394 57,083
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 65,657 65,657
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 65,657 65,657
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 14,774
As at 31 March 2025 14,774
11. Ultimate Controlling Party
The company's ultimate controlling party is Lisak Alis Holdings Ltd by virtue of its ownership of 100% of the issued share capital in the company. Lisak Alis Holdings Ltd is a company registered in England & Wales.
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