REGISTERED NUMBER: 04059753 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Royel Residences Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

5

3,478,607

4,228,607

CURRENT ASSETS

Debtors

6

2,066,571

2,012,309

Cash at bank

387,530

851

2,454,101

2,013,160

CREDITORS

Amounts falling due within one year

7

279,105

205,534

NET CURRENT ASSETS

2,174,996

1,807,626

TOTAL ASSETS LESS CURRENT LIABILITIES

5,653,603

6,036,233

CREDITORS

Amounts falling due after more than one year

8

(1,030,612

)

(1,200,000

)

PROVISIONS FOR LIABILITIES

(761,197

)

(949,696

)

NET ASSETS

3,861,794

3,886,537

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

2,501,555

3,037,623

Retained earnings

1,360,238

848,913

3,861,794

3,886,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

C W Lewis - Director

1.	STATUTORY INFORMATION

Royel Residences Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04059753

Registered office:

16 Wigmore Street

London

W1U 2RF

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents rent receivable from investment properties. Income is recognised on an accruals basis, with any outstanding rental income at the year end included within trade debtors. Any rent received which relates to future periods is included as deferred income.

Investment property

Investment properties, which are properties held to earn rental income and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,228,607

Disposals

(750,000

)

At 31 March 2025

3,478,607

NET BOOK VALUE

At 31 March 2025

3,478,607

At 31 March 2024

4,228,607

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

3,262,352

Cost

216,255

3,478,607

If investment property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

241,288

241,288

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,656

16,922

Other debtors

2,026,915

1,995,387

2,066,571

2,012,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

168,978

76,831

Other creditors

110,127

128,703

279,105

205,534

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,030,612

1,200,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,030,612

1,200,000

The bank loan is secured by a fixed and floating charge over all property and undertakings of the company.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed, net of provisions, £2,026,915 (2024: £1,995,387) and owed £16,371 (2024: £16,371) by/to companies in which the director, Mr C Lewis, is both a director and shareholder.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of its parent company, Finsbury Square Property Company Limited, a company registered in England and Wales. The address of the registered office is 64 New Cavendish Street, London, W1G 8TB.

There is no one single ultimate controlling party.