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REGISTERED NUMBER: 11183037 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Relinquo Holdings Limited

Relinquo Holdings Limited (Registered number: 11183037)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Relinquo Holdings Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr Prakash Narottambhai Patel
Mrs Anjana Patel





SECRETARY: Mrs Anjana Patel





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 11183037 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Relinquo Holdings Limited (Registered number: 11183037)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 207,089 217,456
Investments 6 100 100
207,189 217,556

CURRENT ASSETS
Stocks 102,024 100,434
Debtors 7 656,485 609,415
Cash at bank and in hand 216,700 92,722
975,209 802,571
CREDITORS
Amounts falling due within one year 8 (481,856 ) (540,441 )
NET CURRENT ASSETS 493,353 262,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,542

479,686

PROVISIONS FOR LIABILITIES (6,214 ) (5,542 )
NET ASSETS 694,328 474,144

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 694,228 474,044
SHAREHOLDERS' FUNDS 694,328 474,144

Relinquo Holdings Limited (Registered number: 11183037)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 12 September 2023 and were signed on its behalf by:





Mr Prakash Narottambhai Patel - Director


Relinquo Holdings Limited (Registered number: 11183037)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Relinquo Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company was at the end of the year, a wholly owned subsidiary of another company incorporated in the EEA and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published consolidated accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Over the life of asset
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


Relinquo Holdings Limited (Registered number: 11183037)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 285,000
AMORTISATION
At 1 March 2022
and 28 February 2023 285,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Relinquo Holdings Limited (Registered number: 11183037)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 358,465 181,446 6,901 546,812
Additions - 5,686 2,790 8,476
At 28 February 2023 358,465 187,132 9,691 555,288
DEPRECIATION
At 1 March 2022 170,179 156,081 3,096 329,356
Charge for year 13,597 4,111 1,135 18,843
At 28 February 2023 183,776 160,192 4,231 348,199
NET BOOK VALUE
At 28 February 2023 174,689 26,940 5,460 207,089
At 28 February 2022 188,286 25,365 3,805 217,456

6. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 March 2022
and 28 February 2023 100
NET BOOK VALUE
At 28 February 2023 100
At 28 February 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 208,367 200,184
Other debtors 448,118 409,231
656,485 609,415

Relinquo Holdings Limited (Registered number: 11183037)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 285,409 327,196
Taxation and social security 66,074 68,930
Other creditors 130,373 144,315
481,856 540,441

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Included in Other Creditors is the amount of £121,588 which is owed to Aum Healthcare Limited as of 28 February 2023. The Loan is repayable on demand.

Mr P N Patel and Mrs A Patel were the directors of Aum Healthcare Limited as of 28 February 2023.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Aum Group Limited by virture of his ownership of 100% of the issued share capital in the company.