Residence Direct Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15605424

		31 March 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	52,515
Cash at bank and in hand		102,353

		154,868
Creditors: Amounts Falling Due Within One Year	5	(167,662 )

NET CURRENT ASSETS (LIABILITIES)			(12,794 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,794 )

NET LIABILITIES			(12,794 )

CAPITAL AND RESERVES
Called up share capital	6		100
Profit and Loss Account			(12,894 )

SHAREHOLDERS' FUNDS			(12,794)

For the period 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 D J Pearson Director	Mrs R J Pearson Director
30/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Residence Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15605424 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL.

2. Accounting Policies

2.1. Basis of Preparation of 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, as issued by the Financial Reporting Council, and with the provisions of Section 1A 'Small Entities' of that standard.

The financial statements have been prepared under the historical cost convention, unless otherwise stated in the relevant accounting policies.

The financial statements are presented in pounds sterling, rounded to the nearest £1, and are prepared on a going concern basis, as the directors believe the company has adequate resources to continue in operational existence for the foreseeable future.

As permitted by Section 1A, the entity has presented only the minimum required disclosures. Where additional disclosures are considered relevant to a proper understanding of the financial statements, they have been included.

2.2. Going Concern Disclosure

These financial statements have been prepared on a going concern basis. At the balance sheet date, the company had net liabilities of £12,794. However, the directors have assessed the company’s financial position and confirm that adequate support is available to enable it to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the directors consider the going concern basis to be appropriate.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Debtors

	31 March 2025
	£
Due within one year
Other debtors	52,515

Debtors include £52,515 relating to a deposit held by solicitors for the purchase of an investment property. Completion had not occurred at the balance sheet date. The amount will be reclassified to investment property upon completion.

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Accruals and deferred income	360
Directors' loan accounts	167,302

	167,662

Creditors at the balance sheet date include amounts owed to directors. These represent unsecured, interest-free loans with no fixed repayment terms. The loans are repayable on demand; however, the directors have confirmed they do not intend to seek repayment within 12 months of the balance sheet date.

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Residence Direct Limited

Notes to the Financial Statements (continued)

For the Period 30 March 2024 to 31 March 2025

6. Share Capital

	31 March 2025
Allotted, called up and fully paid	£
100 Ordinary Shares of £ 1.00 each	100

During the period, the company allotted 100 ordinary shares of £1 each for a total consideration of £100. These shares carry full rights, including entitlement to dividends, voting rights, and rights to any surplus capital in the event of liquidation.

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