Company Registration No. 12077089 (England and Wales)
Residential Quarters Ltd
Amended Unaudited accounts
for the year ended 31 July 2025
Residential Quarters Ltd
Amended Unaudited accounts
Contents
Residential Quarters Ltd
Company Information
for the year ended 31 July 2025
Directors
FASUYI, Olufemi Oluremi Philip
THOMAS-FASUYI, Salome Jacqueline
Company Number
12077089 (England and Wales)
Registered Office
Savigny
Darenth Hill
Darenth
DA2 7QR
England
Accountants
Ease Accounting Associates UK Limited
Chartered Accountants
Base Point Dartford Business Park
61 Victoria Road
DARTFORD
Kent
DA1 5FS
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Residential Quarters Ltd for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Residential Quarters Ltd for the year ended
31 July 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Residential Quarters Ltd, as a body, in accordance with the terms of our engagement letter dated 31 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Residential Quarters Ltd and state those matters that we have agreed to state to the Board of Directors of Residential Quarters Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Residential Quarters Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Residential Quarters Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Residential Quarters Ltd. You consider that Residential Quarters Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Residential Quarters Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ease Accounting Associates UK Limited
Chartered Accountants
Chartered Accountants
Base Point Dartford Business Park
61 Victoria Road
DARTFORD
Kent
DA1 5FS
29 July 2026
Residential Quarters Ltd
Statement of financial position
as at 31 July 2025
Investment property
1,427,748
1,427,748
Cash at bank and in hand
2
71
Creditors: amounts falling due within one year
(28,547)
(445,266)
Net current liabilities
(28,545)
(445,195)
Total assets less current liabilities
1,399,791
983,288
Creditors: amounts falling due after more than one year
(1,393,336)
(977,007)
Called up share capital
100
100
Profit and loss account
6,355
6,181
Shareholders' funds
6,455
6,281
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by
FASUYI, Olufemi Oluremi Philip
Director
Company Registration No. 12077089
Residential Quarters Ltd
Notes to the Accounts
for the year ended 31 July 2025
Residential Quarters Ltd is a private company, limited by shares, registered in England and Wales, registration number 12077089. The registered office is Savigny, Darenth Hill, Darenth, DA2 7QR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment
Fair value at 1 August 2024
1,427,748
Residential Quarters Ltd
Notes to the Accounts
for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
21,572
-
Taxes and social security
1,885
1,277
Loans from directors
3,963
443,989
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
977,007
977,007
Loans from directors
416,329
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).