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RELTA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST OCTOBER 2022 TO 31ST OCTOBER 2023






RELTA LIMITED (REGISTERED NUMBER: 04438910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

RELTA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST OCTOBER 2022 TO 31ST OCTOBER 2023







DIRECTORS: I C Hutchinson
S C Lousada



SECRETARY: S A Hunt



REGISTERED OFFICE: The Estate Office
Oakley House
Oakley
Bedfordshire
MK43 7ST



REGISTERED NUMBER: 04438910 (England and Wales)



ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN



SOLICITORS: Woodfines
16 St Cuthberts Street
Bedford
Bedfordshire
MK40 3JG

RELTA LIMITED (REGISTERED NUMBER: 04438910)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 100

CURRENT ASSETS
Debtors 5 25,373 9,521,927
Cash at bank 308,062 3,304,650
333,435 12,826,577
CREDITORS
Amounts falling due within one year 6 96,227 5,430,940
NET CURRENT ASSETS 237,208 7,395,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,208

7,395,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 237,108 7,395,637
SHAREHOLDERS' FUNDS 237,208 7,395,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th November 2023 and were signed on its behalf by:





S C Lousada - Director


RELTA LIMITED (REGISTERED NUMBER: 04438910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Relta 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 represents rents received from tenants of investment properties, stated net of value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of are as follows:

A valuation technique has been applied using a rental yield calculation and reviewing similar properties traded on an active market.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 period 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 period was 2 (2022 - 2 ) .

RELTA LIMITED (REGISTERED NUMBER: 04438910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2022 TO 31ST OCTOBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2022 100
Disposals (100 )
At 31st October 2023 -
NET BOOK VALUE
At 31st October 2023 -
At 30th September 2022 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 2,762
Amounts owed by related companies - 9,519,164
Other debtors 133 -
VAT 1 1
Prepayments and accrued income 25,239 -
25,373 9,521,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,411 15,399
Amounts owed to related companies - 2,700
Corporation tax - 69,779
Other creditors 100 5,338,382
Accruals and deferred income 92,716 4,680
96,227 5,430,940

7. RELATED PARTY DISCLOSURES

Disclosed within debtors falling due within one year is an interest free loan to Lousada Investments Limited of £4,019,264 (2022 £3,019,164).

Dylon 2 Limited is a company in which Messrs I C Hutchinson & S C Lousada have material interests.

Lousada plc is a company in which Mr S C Lousada has material interests.

Within debtors falling due within one year is an interest free loan to Lousada plc of £2,398,211(2022 £6,500,000). This is repayable on demand.

8. POST BALANCE SHEET EVENTS

The group ceased to trade on 31st October 2023. It is intended to place the company into a members voluntary liquidation in due course.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RELTA LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Relta Limited for the period ended 31st October 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Relta Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Relta Limited and state those matters that we have agreed to state to the Board of Directors of Relta Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Relta Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Relta Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Relta Limited. You consider that Relta Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Relta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


9th November 2023