Registration number:
Residence One 50 Ebury Limited
for the Period from 1 July 2024 to 31 December 2025
Residence One 50 Ebury Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Residence One 50 Ebury Limited
Company Information
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Directors |
Mr Omran Abdulrahman S Alrashid Mr Suliman Abdulrahman S Alrashid Mr Benjamin Henry Wilson |
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Registered office |
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Auditors |
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Residence One 50 Ebury Limited
(Registration number: 14235780) (England and Wales)
Balance Sheet as at 31 December 2025
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Note |
31 December |
30 June |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(263,895) |
(271,335) |
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Shareholders' deficit |
(263,894) |
(271,334) |
The financial statements were approved and authorised for issue by the
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Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.
Going concern
The directors intention is to cease the company’s operations and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. Under this basis, the assets and liabilities of the company have been measured and presented at their estimated realisable values, reflecting the amounts expected to be realised or settled in the course of the cessation of operations.
Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)
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Accounting policies (continued) |
Audit report
2026-98-UK
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents the amounts receivable from the sale of residential properties. The properties are treated as sold when contracts are complete.
Stocks
Inventories are measured at the lower of cost and net realisable value (NRV) being estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, costs include a relevant proportion of overheads according to the stage of completion.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)
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Accounting policies (continued) |
Financial instruments
(i) Financial assets
Basic financial assets, including trade, other debtors, and cash and bank balances, and amounts due from fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.
At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)
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Accounting policies (continued) |
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, and amounts due to fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit or Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average monthly number of persons employed by the company (including directors) during the period, was
The directors are not remunerated by the company.
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Stocks |
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31 December |
30 June |
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Other inventories |
- |
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During the period, the company completed and sold its property under development. Accordingly, the associated development costs previously recorded within inventories have been recognised within cost of sales in the profit and loss account.
Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)
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Debtors |
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31 December |
30 June |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
31 December |
30 June |
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Due within one year |
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Bank loans and overdrafts |
- |
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Trade creditors |
- |
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Amounts owed to group undertakings |
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Accrued expenses |
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Loans and borrowings |
Current loans and borrowings
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31 December |
30 June |
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Other borrowings |
- |
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Other borrowings were secured by a fixed charge over the property held as stock. The charge contained a negative pledge.
Residence One 50 Ebury Limited
Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)
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Share capital |
Allotted, called up and fully paid shares
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31 December |
30 June |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Contingent Liabilities |
On sale of the property, the company gave warranties to the purchasers. No provision has been recognised. No claims have been notified to the company and the directors consider that an outflow of economic benefits is possible but not probable. It is not practicable to estimate the financial effect of the warranties, as this would depend on the nature, extent and timing of any defect that may emerge and on whether any resulting claim falls within the scope of the warranties given.
The company and its parent R1/Artar Limited have agreed that these warranty obligations be transferred to and assumed by R1/Artar Limited. R1/Artar Limited will be liable for all conditions, obligations and guarantees with respect to the warranty previously provided by the company to the purchasers.
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Related party transactions |
The Company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies that are wholly owned within the Group.
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The ultimate controlling party is