THE RESIDEN LTD


Director	Mr D A Shetty


Registered Address	New Burlington House
	1075 Finchley Road
	London
	NW11 0PU


Registered Number	12326023 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		-		1,124
			-		1,124
Current assets
Debtors	4	1,493,817		899,575
Cash at bank and on hand		20,760		148,125
		1,514,577		1,047,700
Creditors amounts falling due within one year	5	(535,653)		(491,922)
Net current assets (liabilities)			978,924		555,778
Total assets less current liabilities			978,924		556,902
Creditors amounts falling due after one year	6		(1,773)		(12,234)
Net assets			977,151		544,668
Capital and reserves
Called up share capital			1		1
Profit and loss account			977,150		544,667
Shareholders' funds			977,151		544,668

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 9 July 2026, and are signed on its behalf by:

Mr D A Shetty
Director
Registered Company No. 12326023

THE RESIDEN LTD

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

	Statement of compliance
	These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared in accordance with the accounting principles applicable to a going concern.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The director does not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

	Current taxation
	The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Current taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


		Straight line (years)
	Fixtures and fittings	5

	Impairment of non-financial assets policy
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 May 24	5,184	5,184
Disposals	(5,184)	(5,184)
Depreciation and impairment
At 01 May 24	4,060	4,060
Charge for year	1,124	1,124
On disposals	(5,184)	(5,184)
Net book value
At 30 April 25	-	-
At 30 April 24	1,124	1,124

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	1,264,436	865,286
Other debtors	229,381	34,289
Total	1,493,817	899,575


	Other debtors include £43,589 (2024: £34,288) due from companies with a director in common with this company.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	92,304	20,053
Bank borrowings and overdrafts	10,461	10,205
Amounts owed to related parties	405,000	405,000
Taxation and social security	260	5,143
Other creditors	27,628	51,521
Total	535,653	491,922


	Included within creditors is £4,500 (2024: £44,990) due to the director of the company.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,773	12,234
Total	1,773	12,234

7.	Related party transactions
	The company has taken advantage of the exemptions conferred by FRS 102 Section 1A and has not disclosed details of transactions with group member undertakings.

8.	Controlling party
	The parent company is Groveworld (Chenies Street) Lettings Limited, a company incorporated in England and Wales. The address of the registered office of Groveworld (Chenies Street) Lettings Limited is New Burlington House, 1075 Finchley Road, London, NW11 0PU. The ultimate controlling party is Bretchly Investments Limited, a company incorporated and registered in Gibraltar. The registered address of Bretchly Investments Limited is 57/63 Line Wall Road, Gibraltar.

Controlling party

The parent company is Groveworld (Chenies Street) Lettings Limited, a company incorporated in England and Wales. The address of the registered office of Groveworld (Chenies Street) Lettings Limited is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

The ultimate controlling party is Bretchly Investments Limited, a company incorporated and registered in Gibraltar. The registered address of Bretchly Investments Limited is 57/63 Line Wall Road, Gibraltar.