REGISTERED NUMBER:
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Residently Services (UK) Limited |
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Unaudited Financial Statements |
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for the Year Ended 31st December 2019 |
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REGISTERED NUMBER:
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Residently Services (UK) Limited |
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Unaudited Financial Statements |
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for the Year Ended 31st December 2019 |
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Residently Services (UK) Limited (Registered number: 10834962) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Residently Services (UK) Limited |
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Company Information |
for the Year Ended 31st December 2019 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Residently Services (UK) Limited (Registered number: 10834962) |
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Statement of Financial Position |
31st December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital |
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Retained earnings | ( |
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( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Residently Services (UK) Limited (Registered number: 10834962) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2019 |
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1. | Statutory information |
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Residently Services (UK) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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At the balance sheet date, the company's liabilities exceeded its assets. The company has received |
assurance from the parent company, Residently Holdings Limited, that it will continue to give financial |
support to the company for twelve months from the date of signing of these financial statements and |
defer payment of its loan in favour of other creditors. |
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On this basis, the directors' considers it appropriate to prepare the financial statements on a going |
concern basis. However, should the financial support mentioned above not be forthcoming, the going |
concern basis used in preparing the company's financial statements may be invalid and adjustments |
would have to be made to reduce the value of assets to their realisable amount and to provide for any |
further liabilities which might arise. The financial statements do not include any adjustment to the |
company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
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It is unclear how the 2020 coronavirus will impact the company and given that the severity cannot be |
reliably estimated, the financial statements have been prepared on a going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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Residently Services (UK) Limited (Registered number: 10834962) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2019 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Intangible fixed assets |
Intellectual | Computer |
property | software | Totals |
£ | £ | £ |
Cost |
At 1st January 2019 |
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Additions |
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At 31st December 2019 |
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Amortisation |
At 1st January 2019 |
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Amortisation for year |
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At 31st December 2019 |
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Net book value |
At 31st December 2019 |
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At 31st December 2018 |
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Residently Services (UK) Limited (Registered number: 10834962) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2019 |
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5. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
Cost |
At 1st January 2019 |
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Additions |
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Disposals |
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( |
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At 31st December 2019 |
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Depreciation |
At 1st January 2019 |
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Charge for year |
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Eliminated on disposal |
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At 31st December 2019 |
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Net book value |
At 31st December 2019 |
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At 31st December 2018 |
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6. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Ultimate controlling party |
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The company's ultimate holding company is Residently Holdings Limited, a company registered in |
England and Wales. |