Genesis Apartments Ltd

Genesis Apartments Ltd
Contents Page
For the year ended 31 December 2025

Company Information	1
Director's Report	2
Statement of Financial Position	3
Notes to the Financial Statements	4

Genesis Apartments Ltd
Company Information
For the year ended 31 December 2025

Director	Eleazer Jegede
Registered Number	15735834
Registered Office	128 City Road London EC1V 2NX
Accountants	Smith & Johnson Limited 7 Bell Yard London WC2A 2JR

1

Genesis Apartments Ltd
Director's Report
For the year ended 31 December 2025

Director's report and financial statements

The director presents his annual report and the financial statements for the year ended 31 December 2025.

Principal activities

Principal activity of the company during the financial year was that of letting of own real estate.

Director

The director who served the company throughout the year was as follows:

Eleazer Jegede

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Eleazer Jegede
Director

Date approved: 31 July 2026

2

Genesis Apartments Ltd
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	257,208	98,146
		257,208	98,146
Current assets
Debtors	4	1	1
Cash at bank and in hand		99,462	5,707
		99,463	5,708
Creditors: amount falling due within one year	5	(785)	(275)
Net current assets		98,678	5,433

Total assets less current liabilities		355,886	103,579
Creditors: amount falling due after more than one year	6	(354,883)	(103,753)
Net assets		1,003	(174)

Capital and reserves
Called up share capital		1	1
Profit and loss account		1,002	(175)
Shareholders' funds		1,003	(174)

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 31 July 2026 and were signed by:

-------------------------------
Eleazer Jegede
Director

3

Genesis Apartments Ltd
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

Genesis Apartments Ltd is a private company, limited by shares, registered in England and Wales, registration number 15735834, registration address 128 City Road, London, EC1V 2NX.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of Compliance
These financial statements have been prepared in compliance with Section 1A "Small Entities" of FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises rental income receivable during the year.

Taxation

Tax comprises current and deferred tax and is recognised in the Statement of Income and Retained Earnings, except where it relates to items recognised in other comprehensive income or directly in equity, in which case it is recognised there instead.
Current tax is calculated using tax rates and laws enacted, or substantively enacted, by the reporting date.
Deferred tax is recognised on all timing differences at the reporting date, measured at the tax rates expected to apply when the timing differences reverse.
Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 January 2025	98,146	98,146
Additions	159,062	159,062
Disposals	-	-
At 31 December 2025	257,208	257,208
Depreciation
At 01 January 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 December 2025	-	-
Net book values
Closing balance as at 31 December 2025	257,208	257,208
Opening balance as at 01 January 2025	98,146	98,146

4.

Debtors: amounts falling due within one year

	2025 £		2024 £
Called up Share Capital Not Paid	1		1
	1		1

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	235	0
Accrued Expenses	550	275
	785	275

6.

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts (secured)	108,725	0
Other Creditors	142,093	0
Directors' Loan Accounts	104,065	103,753
	354,883	103,753

Other Creditors

Included within other creditors is a loan of £142,093 (2024: £nil) from a related party, repayable over a fixed term with monthly instalments.

4

Registered Number: 15735834
England and Wales
GENESIS APARTMENTS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 January 2025 End date: 31 December 2025