REGISTERED NUMBER: 12028761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 30 JUNE 2025

FOR

ROSSENDALE HOMES RESIDENTIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Schreiber

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

12028761 (England and Wales)

ACCOUNTANTS:

DAS Accounting & Partners (UK) LLP

105 Eade Road

OCC Building A

2nd Floor Unit 11a

London

N4 1TJ

FIXED ASSETS

Tangible assets

5

14,361,878

14,363,772

CURRENT ASSETS

Debtors

6

343,741

377,313

CREDITORS

Amounts falling due within one year

7

(18,657,130

)

(18,076,621

)

NET CURRENT LIABILITIES

(18,313,389

)

(17,699,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,951,511

)

(3,335,536

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(3,951,512

)

(3,335,537

)

SHAREHOLDERS' FUNDS

(3,951,511

)

(3,335,536

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2025 and were signed by:

Mr N Schreiber - Director

1.	STATUTORY INFORMATION

Rossendale Homes Residential Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty

Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

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

Fixtures and fittings - 15% reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Going concern

The company is a going concern on the basis of continued support from its principal creditors and finance providers.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Long

leashold

Fixtures

investment

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 August 2024

and 30 June 2025

14,350,000

26,382

14,376,382

DEPRECIATION

At 1 August 2024

-

12,610

12,610

Charge for period

-

1,894

1,894

At 30 June 2025

-

14,504

14,504

NET BOOK VALUE

At 30 June 2025

14,350,000

11,878

14,361,878

At 31 July 2024

14,350,000

13,772

14,363,772

The company's investment properties is stated at fair value, based on a valuation determined by the director. The director is of the opinion that £14,350,000 represents the open market value of the company's investment properties.

The historical cost of the investment properties is £16,910,000 (2024: £16,910,000).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

163,277

108,110

Other debtors

180,464

269,203

343,741

377,313

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,603,742

10,835,063

Amounts owed to group undertakings

6,623,157

6,613,911

Other creditors

1,430,231

627,647

18,657,130

18,076,621

The bank loan is secured by legal charges over the company's investment property.

8.	RELATED PARTY DISCLOSURES

Other debtors include amounts of £159,681 (2024: £159,681) due from companies of which the director of the company is also a director.

Other creditors include an amount of £1,425,881 (2024: £621,794) owed to a company of which the director of the company is also a director.

9.	PARENT COMPANY AND CONTROLLING PARTY

The company is controlled by its parent undertaking, Rossendale Homes Holdings Limited, a company registered in England and Wales. The address of the registered office of Rossendale Homes Holdings Limited is 147 Stamford Hill, London, N16 5LG.