REGISTERED NUMBER: 04317835 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

GENESIS RESIDENTIAL HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Oozageer

REGISTERED OFFICE:

Unit 14

Hoddesdon Enterprise Centre

Pindar Road

Hoddesdon

Hertfordshire

EN11 0FJ

REGISTERED NUMBER:

04317835 (England and Wales)

AUDITORS:

Trevor Jones & Partners Ltd

Statutory Auditor

Unit 14

Hoddesdon Enterprise Centre

Pindar Road

Hoddesdon

Hertfordshire

EN11 0FJ

FIXED ASSETS

Tangible assets

4

324,833

337,194

CURRENT ASSETS

Debtors

5

407,259

381,906

Cash at bank and in hand

77,149

58,255

484,408

440,161

CREDITORS

Amounts falling due within one year

6

118,797

62,544

NET CURRENT ASSETS

365,611

377,617

TOTAL ASSETS LESS CURRENT LIABILITIES

690,444

714,811

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

689,444

713,811

SHAREHOLDERS' FUNDS

690,444

714,811

The 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.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

B Oozageer - Director

1.	STATUTORY INFORMATION

Genesis Residential Homes Ltd 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.

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance and Reducing balance over 3 years

Taxation

Taxation for the year 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

531,521

97,572

629,093

Additions

-

2,499

2,499

At 31 December 2024

531,521

100,071

631,592

DEPRECIATION

At 1 January 2024

223,906

67,993

291,899

Charge for year

10,420

4,440

14,860

At 31 December 2024

234,326

72,433

306,759

NET BOOK VALUE

At 31 December 2024

297,195

27,638

324,833

At 31 December 2023

307,615

29,579

337,194

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,233

28,613

Amounts owed by group undertakings

358,364

328,364

Other debtors

42,662

24,929

407,259

381,906

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

25,839

43,392

Trade creditors

2,926

1

Taxation and social security

77,556

7,154

Other creditors

12,476

11,997

118,797

62,544

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

25,839

43,392

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

The Report of the Auditors was unqualified.

Christopher James Whale (Senior Statutory Auditor)

for and on behalf of Trevor Jones & Partners Ltd

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '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.

10.	ULTIMATE PARENT UNDERTAKING

The company's ultimate holding company is Adonai Holdings Limited, a company of which the director, B. Oozageer, is a director and shareholder.