Residence One Ennismore Garden Mews Limited

(Registration number: 15256763) (England and Wales)
Balance Sheet as at 31 December 2025

	Note	31 December 2025 £	30 June 2024 £
Current assets
Stocks	4	7,424,078	4,326,646
Debtors	5	267,373	218,035
Cash at bank and in hand		77,420	220,106
		7,768,871	4,764,787
Creditors: Amounts falling due within one year	6	(7,781,829)	(2,394,878)
Total assets less current liabilities		(12,958)	2,369,909
Creditors: Amounts falling due after more than one year	6	-	(2,376,158)
Net liabilities		(12,958)	(6,249)
Capital and reserves
Called up share capital	8	1	1
Retained earnings		(12,959)	(6,250)
Shareholders' deficit		(12,958)	(6,249)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the Board on 18 September 2026 and signed on its behalf by:
 

......................................... Ms Katrina Wilson Director

Residence One Ennismore Garden Mews Limited

Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Holbrooke Mews
7 Holbrooke Place
Richmond
TW10 6UD
United Kingdom

These financial statements were authorised for issue by the Board on 18 September 2026.

2	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 consider that the company will have sufficient cashflows for a period of no less than 12 months from the date these financial statements were approved from the development facility it has arranged for the property development. Accordingly these financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 18 September 2026 was Bhavita Shah ACA, who signed for and on behalf of KNAV Limited.

2026-101-UK

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.

Residence One Ennismore Garden Mews Limited

Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)

2	Accounting policies (continued)

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.

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.

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 Ennismore Garden Mews Limited

Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)

2	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.

3	Staff numbers

The average monthly number of persons employed by the company (including directors) during the period, was 1 (2024: 3).

There was no remuneration paid to staff.
 

4

Stocks

	31 December 2025 £	30 June 2024 £
Other inventories	7,424,078	4,326,646

Within inventories is £552,299 (2024:£50,681) of interest costs capitalised towards the development of the property.

5

Debtors

Residence One Ennismore Garden Mews Limited

Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)

5	Debtors (continued)

	Note	31 December 2025 £	30 June 2024 £
Amounts owed by group undertakings	9	267,333	65,749
Other debtors		40	106,425
Prepayments		-	45,861
		267,373	218,035

6

Creditors

Creditors: amounts falling due within one year

	Note	31 December 2025 £	30 June 2024 £
Due within one year
Loans and borrowings	7	5,180,156	-
Trade creditors		-	99,928
Amounts due to related parties	9	2,561,254	2,264,254
Other payables		249	-
Accruals		40,170	30,696
		7,781,829	2,394,878
Due after one year
Loans and borrowings	7	-	2,376,158

Creditors: amounts falling due after more than one year

	Note	31 December 2025 £	30 June 2024 £
Due after one year
Loans and borrowings	7	-	2,376,158

Residence One Ennismore Garden Mews Limited

Notes to the Financial Statements for the Period from 1 July 2024 to 31 December 2025 (continued)

7	Loans and borrowings

Current loans and borrowings

	31 December 2025 £	30 June 2024 £
Other borrowings	5,180,156	-

Non-current loans and borrowings

	31 December 2025 £	30 June 2024 £
Other borrowings	-	2,376,158

Other borrowings is secured by a fixed charge over the property held as stock. The charge contains a negative pledge.

8	Share capital

Allotted, called up and fully paid shares

	31 December 2025		30 June 2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

9	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.

The company entered into transactions with Residence One (London) Limited, which is related by virtue of a common director. The total monetary volume of the transactions entered into during the period amount to £1,681,984. There are no balances owed at the period end.

10	Parent and ultimate parent undertaking

The company's immediate parent is R1/Artar Limited, incorporated in England and Wales.

 The ultimate parent is Artar Holding Company Limited, incorporated in British Virgin Islands.

 The ultimate controlling party is Abdulrahman Saad Alrashid.