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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
Page
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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
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Resi Local Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
997,730 
Investment property
2,000,000 
- 
2,000,000 
997,730 
Current assets
Debtors
265,200 
234,411 
Cash at bank and in hand
4,497 
855 
269,697 
235,266 
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
Deferred tax
(250,568)
- 
Net assets/(liabilities)
752,504 
(1,865)
Capital and reserves
Share premium
(1)
(1)
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
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Resi Local Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 
£ 
Cost or valuation
At cost 
At 1 August 2023
997,730 
Transfer to investment property
(997,730)
At 31 July 2024
- 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
- 
At 31 July 2023
997,730 
5
Investment property
2024 
£ 
Net gain from fair value adjustments
1,002,270 
Transfers from tangible fixed assets
997,730 
At 31 July 2024
2,000,000 
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Resi Local Ltd Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
265,200 
234,411 
7
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 
- 
Other creditors
45,000 
- 
Loans from directors
414,312 
384,311 
468,567 
436,803 
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).
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