RESI HOUSING LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1.2 to the financial statements which explains that at the General Meeting on 6 December 2024, the Directors of the Ultimate Parent Company proposed an orderly wind-down of the Ultimate Parent Company and shareholders have voted in favour of this proposal. The Company's assets are included in the orderly wind-down of the Ultimate Parent Company; therefore, the Directors do not consider it appropriate to adopt the going concern basis of accounting.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -40.6%

  £10,941,366 → £6,496,902

• Cash

  -6.1%

  £5,212,793 → £4,893,291

• Net assets

  -26.6%

  £53,821,350 → £39,498,407

• Employees

  +50%

  2 → 3

• Operating profit

  +4.1%

  £5,079,933 → £5,290,335

• Profit before tax

  -542.7%

  -£1,787,702 → -£11,489,062

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.2 to the financial statements which explains that at the General Meeting on 6 December 2024, the Directors of the Ultimate Parent Company proposed an orderly wind-down of the Ultimate Parent Company and shareholders have voted in favour of this proposal. The Company's assets are included in the orderly wind-down of the Ultimate Parent Company; therefore, the Directors do not consider it appropriate to adopt the going concern basis of accounting.”

Significant events

• “On 6 December 2024, shareholders of the Company's ultimate parent company, Residential Secure Income Plc, voted for and accepted a new investment objective which seeks to realise all the existing assets in the Company's portfolio in an orderly manner. The Company will pursue its investment objective by effecting an orderly realisation of its assets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.