GENESIS RESIDENTIAL LIMITED - Accounts

GENESIS RESIDENTIAL LIMITED - Accounts

GENESIS RESIDENTIAL LIMITED - Company Information

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Registered Number: 12432041
England and Wales

 

 

 

GENESIS RESIDENTIAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2020

End date: 31 January 2021

GENESIS RESIDENTIAL LIMITED
Contents Page
For the year ended 31 January 2021
  2021
    £ £
Fixed assets   409,520 
Current assets (16,445)  
Creditors: amount falling due within one year (93,325)  
Net current liabilities   (109,770)
Total assets less current liabilities   299,750 
Creditors: amount falling due after more than one year   (302,175)
Net liabilities   (2,425)
 

     
Capital and reserves   (2,425)
 
NOTES TO THE ACCOUNTS

General Information
GENESIS RESIDENTIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12432041, registration address 200-204 GREEN LANES, PALMERS GREEN LONDON, London, London, N13 5UE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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 on the going concern basis and 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 February 2020 -    - 
Additions 409,520    409,520 
Disposals -    - 
At 31 January 2021 409,520    409,520 
Depreciation
At 01 February 2020 -    - 
Charge for year -    - 
On disposals -    - 
At 31 January 2021 -    - 
Net book values
Closing balance as at 31 January 2021 409,520    409,520 
Opening balance as at 01 February 2020 -    - 


3.

Staff Costs

2021
Average number of employees during the year Number
Administration 1 
1 

4.

Average number of employees

Average number of employees during the year was 1.


For the year ended 31 January 2021 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 directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 25 October 2021 and were signed by:


--------------------------------
Coral Oceana Maranda LEWIN
Director
1