Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **Company Registration No. 14823280 (England and Wales)** ## **AKOJE RESIDENCY** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **30 APRIL 2025** Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **CONTENTS** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Income and expenditure account|3| |Balance sheet|4| |Notes to the financial statements|5 - 7| Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **COMPANY INFORMATION** ## **Directors** Mr K Akar Mr. O Itoje B Epega V Patel **Company number** 14823280 **Registered office** Lynton House 7-12 Tavistock Square London WC1H 9BQ **Accountants** TC BSG Valentine Limited Lynton House 7-12 Tavistock Square London WC1H 9BQ - 1 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **DIRECTORS' REPORT** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ The directors present their annual report and financial statements for the year ended 30 April 2025. ## **Directors** The directors who held office during the year and up to the date of signature of the financial statements were as follows: Mr K Akar Mr. O Itoje B Epega V Patel ## **Small companies exemption** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. On behalf of the board **----- Start of picture text -----**
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.............................. Mr K Akar **Director** ## 3/11/2026 Date: ............................................. - 2 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ |**Income**
Cost of sales
**Gross surplus**
Administrative expenses
**Surplus before taxation**
Tax on surplus
**Surplus for the financial year**|**Year**
**ended**
**30 April**
**2025**
**£**
105,000
(8,883)
96,117
(92,434)
3,683
-
3,683|**Period**
**ended**
**30 April**
**2024**
**£**
-
-| |---|---|---| |||-
-| |||-
-| |||-| The income and expenditure account has been prepared on the basis that all operations are continuing operations. - 3 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **BALANCE SHEET** ## _**AS AT 30 APRIL 2025**_ |**Notes**
**Current assets**
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**5**
**Net current assets**
**Reserves**
Income and expenditure account
**Members' funds**|**2025**
**£**
5,000
5,599
10,599
(6,916)|**£**
3,683
3,683
3,683|**2024**
**£**
-
-
-
-|**£**
-| |---|---|---|---|---| |||||-| |||||-| For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 3/11/2026 The financial statements were approved by the board of directors and authorised for issue on ......................... and are signed on its behalf by: .............................................. Mr K Akar ## **Director** Company registration number 14823280 (England and Wales) - 4 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ ## **1 Accounting policies** ## **Company information** Akoje Residency is a private company limited by guarantee incorporated in England and Wales. The registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ. ## **1.1 Reporting period** [ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ] ## **1.2 Accounting convention** These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.3 Going concern** At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.4 Income and expenditure** Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. ## **1.5 Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 5 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Financial instruments** The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. ## _**Classification of financial liabilities**_ Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **1.7 Taxation** The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. - 6 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ ## **2 Judgements and key sources of estimation uncertainty** In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Employees** The average monthly number of persons (including directors) employed by the company during the year was: |||**2025**|**2024**| |---|---|---|---| |||**Number**|**Number**| ||Total|4|4| |**4**|**Debtors**||| |||**2025**|**2024**| ||**Amounts falling due within one year:**|**£**|**£**| ||Other debtors|5,000|-| |**5**|**Creditors: amounts falling due within one year**||| |||**2025**|**2024**| |||**£**|**£**| ||Other creditors|6,916|-| ## **6 Members' liability** The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. ## **7 Directors' transactions** As at the balance sheet date, there was an amount of £6,916 owing from the company to the directors. - 7 - Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **MANAGEMENT INFORMATION** **FOR THE YEAR ENDED 30 APRIL 2025** Docusign Envelope ID: 99E22C9D-3897-4640-B2B6-A89D27B842B2 ## **AKOJE RESIDENCY** ## **DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 APRIL 2025**_ |**Income**
Sales
**Cost of sales**
Direct costs
Total cost of sales
**Gross surplus**
**Administrative expenses**
Rent
Computer running costs
Travelling expenses
Professional subscriptions
Legal and professional fees
Charitable donations
Bank charges
Printing and stationery
Advertising
Telecommunications
Entertaining
Sundry expenses
**Operating surplus**|**£**
8,883
91.54%
30,000
1,306
21,233
15
12,106
20,000
23
29
4,520
85
2,182
935|**Year**
**ended**
**30 April**
**2025**
**£**
105,000
(8,883)
96,117
(92,434)
3,683|**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Period**
**ended**
**30 April**
**2024**
**£**
-
-| |---|---|---|---|---| |||||-
-| |||||-| - 8 -