Company Registration No. 12759837 (England and Wales)
Resi Local Ltd
Unaudited accounts
for the year ended 31 July 2024
Resi Local Ltd
Unaudited accounts
Contents
Resi Local Ltd
Company Information
for the year ended 31 July 2024
Director
Nikolaos Zafeiropolous
Company Number
12759837 (England and Wales)
Registered Office
76 Balls Pond Road
London
London
N1 4AJ
England
Resi Local Ltd
Statement of financial position
as at 31 July 2024
Investment property
2,000,000
-
Cash at bank and in hand
4,497
855
Creditors: amounts falling due within one year
(468,567)
(436,803)
Net current liabilities
(198,870)
(201,537)
Total assets less current liabilities
1,801,130
796,193
Creditors: amounts falling due after more than one year
(798,058)
(798,058)
Provisions for liabilities
Net assets/(liabilities)
752,504
(1,865)
Profit and loss account
752,505
(1,864)
Shareholders' funds
752,504
(1,865)
For the year ending 31 July 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2025 and were signed on its behalf by
Nikolaos Zafeiropolous
Director
Company Registration No. 12759837
Resi Local Ltd
Notes to the Accounts
for the year ended 31 July 2024
Resi Local Ltd is a private company, limited by shares, registered in England and Wales, registration number 12759837. The registered office is 76 Balls Pond Road, London, London, N1 4AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The estimated market value of £2,000,000.00 was based on valuation prepared by Alternative Bridging (UK 1) Limited.
4
Tangible fixed assets
Land & buildings
Transfer to investment property
(997,730)
Net gain from fair value adjustments
1,002,270
Transfers from tangible fixed assets
997,730
Resi Local Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
265,200
234,411
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
2,029
52,492
Taxes and social security
7,226
-
Loans from directors
414,312
384,311
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
798,058
798,058
9
Transactions with related parties
Nikolaos Zafeiropolous who is a director and shareholder of Resi Local Ltd also a director and shareholder of Estateville Limited, Iconic 74 Ltd, Ritzi Structural Engineering and London Luxury Developments Ltd.
At the year end Estateville Limited owed £252,601 (2023: £234,411) to Resi Local Ltd.
At the year end Iconic 74 Ltd owed £12,000 (2023: £0) to Resi Local Ltd.
At the year end Ritzi Structural Engineering owed £599 (2023: £0) to Resi Local Ltd.
At the year end London Luxury Developments Ltd was owed £2,029 (2023: £52,492) by Resi Local Ltd.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).