REGISTERED NUMBER: 05083288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ABACUS RESIDENTIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K Zychova

Ms A Khosla

SECRETARY:

N Khosla

REGISTERED OFFICE:

2 Hannah Court

106 Fox Lane

London

N13 4AZ

REGISTERED NUMBER:

05083288 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

924

1,412

Investments

5

461,867

375,121

Investment property

6

640,000

1,050,000

1,102,791

1,426,533

CURRENT ASSETS

Debtors

7

23,632

-

Cash at bank

142,994

5,401

166,626

5,401

CREDITORS

Amounts falling due within one year

8

36,295

16,049

NET CURRENT ASSETS/(LIABILITIES)

130,331

(10,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,122

1,415,885

CREDITORS

Amounts falling due after more than one year

9

(654,681

)

(910,327

)

PROVISIONS FOR LIABILITIES

-

(10,416

)

NET ASSETS

578,441

495,142

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

(96,383

)

44,403

Retained earnings

674,724

450,639

SHAREHOLDERS' FUNDS

578,441

495,142

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 31 December 2025 and were signed on its behalf by:

Ms A Khosla - Director

1.	STATUTORY INFORMATION

Abacus 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.

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

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the gross rent receivable in the normal course of company's business.

Revenue Recognition

Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Other investment

Other investments relate to investments in bonds and government securities which are publicly traded, which are stated at fair value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

12,025

DEPRECIATION

At 1 April 2024

10,613

Charge for year

488

At 31 March 2025

11,101

NET BOOK VALUE

At 31 March 2025

924

At 31 March 2024

1,412

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

461,867

375,121

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,050,000

Disposals

(400,000

)

Revaluations

(10,000

)

At 31 March 2025

640,000

NET BOOK VALUE

At 31 March 2025

640,000

At 31 March 2024

1,050,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

476,756

Valuation in 2023

(323,344

)

Valuation in 2025

(10,000

)

Cost

496,588

640,000

In the opinion of the directors and considering the current situation where the market has been impacted due to inflation, the open market value of the investment properties as at 31 March 2025 is as stated above.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

23,632

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,071

11,243

Taxation and social security

11,405

383

Other creditors

3,819

4,423

36,295

16,049

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

274,681

520,327

Other creditors

380,000

390,000

654,681

910,327

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

295,752

531,570

Bank loans are secured by way of legal charge over the company's investment properties.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

44,403

Profit & Loss Account

23,764

Reversal of revaluation on

disposal

(164,550

)

At 31 March 2025

(96,383

)

12.	RELATED PARTY DISCLOSURES

Included within creditors as at the year end is £39 (2024: £358), an amount owed to the directors of the company. There are no specific terms of repayment.

Included within other long term creditors as at the year end is £140,000 (2024: £150,000), an amount owed to A Khosla, the director of the company. The loan is unsecured and there are no specific terms of repayment.

Also, included within other long term creditors as at year end is £240,000 (2024: £240,000), an amount owed to Verdi Capital Limited, a company related to A Khosla, the director of the company. The loan is unsecured and there are no specific terms of repayment.