REGISTERED NUMBER: |
Reldene Estates Limited |
Unaudited Financial Statements for the Year Ended 5th April 2022 |
REGISTERED NUMBER: |
Reldene Estates Limited |
Unaudited Financial Statements for the Year Ended 5th April 2022 |
Reldene Estates Limited (Registered number: 00382926) |
Contents of the Financial Statements |
for the year ended 5th April 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Reldene Estates Limited |
Company Information |
for the year ended 5th April 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire HU2 8BA |
Reldene Estates Limited (Registered number: 00382926) |
Balance Sheet |
5th April 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non - distributable reserves | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Reldene Estates Limited (Registered number: 00382926) |
Balance Sheet - continued |
5th April 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Reldene Estates Limited (Registered number: 00382926) |
Notes to the Financial Statements |
for the year ended 5th April 2022 |
1. | STATUTORY INFORMATION |
Reldene Estates Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of value added tax and trade discounts. The policies adopted for the recognition of turnover are as follows: |
Rent receivable |
Rent receivable under operating leases is credited to the profit and loss account on a straight line basis over the period of the lease. |
Interest receivable |
Interest income is recognised using the effective interest method. |
Investment property |
Investment properties are measured at fair value at each reporting date with changes to fair value recognised in profit or loss. |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past recording periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. |
Deferred tax is measured using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
Reldene Estates Limited (Registered number: 00382926) |
Notes to the Financial Statements - continued |
for the year ended 5th April 2022 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6th April 2021 |
and 5th April 2022 |
NET BOOK VALUE |
At 5th April 2022 |
At 5th April 2021 |
Fair value at 5th April 2022 is represented by: |
£ |
Valuation in 2011 | 312,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RESERVES |
Called up share capital |
Called up share capital represents the nominal value of shares that have been issued |
Non-distributable reserves |
The revaluation reserve represents the cumulate effect of revaluations of tangible fixed assets where a policy of revaluation has been adopted. |
Retained earnings |
Retained earnings represents cumulative profits and losses net of dividends and other adjustments. |