REGISTERED NUMBER: 05245340 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Neil King Residential Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Directors:

N King

L King

Secretary:

L King

Registered office:

10 Electric Parade

George Lane

South Woodford

London

E18 2LY

Registered number:

05245340 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

12,574

16,766

Current assets

Debtors

137,966

142,627

Cash at bank

16,792

-

154,758

142,627

Creditors

Amounts falling due within one year

(144,905

)

(179,060

)

Net current assets/(liabilities)

9,853

(36,433

)

Total assets less current liabilities

22,427

(19,667

)

Creditors

Amounts falling due after more than one year

(14,526

)

(31,364

)

Provisions for liabilities

(3,144

)

-

Net assets/(liabilities)

4,757

(51,031

)

Capital and reserves

Called up share capital

200

200

Retained earnings

4,557

(51,231

)

Shareholders' funds

4,757

(51,031

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd December 2025 and were signed on its behalf by:

N King - Director

1.	Statutory information

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 10 (2024 - 9 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st April 2024

and 31st March 2025

166,207

Depreciation

At 1st April 2024

149,441

Charge for year

4,192

At 31st March 2025

153,633

Net book value

At 31st March 2025

12,574

At 31st March 2024

16,766

5.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

15,034

21,137

National Westminster Bank plc hold a mortgage debenture dated 23rd May 2005 and a legal charge dated 3rd June 2005 incorporating a fixed and floating charge over all the current and future assets of the company.

6.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

N King

Balance outstanding at start of year

-

-

Amounts advanced

183,009

-

Amounts repaid

(69,529

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,480

-

7.	Related party disclosures

Neil King Residential Limited owed £81,322 (2024-£109,967 to NK Residential Lettings Ltd where Neil King and Laura King are directors and shareholders.