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REGISTERED NUMBER: 06513818 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Rel Properties Limited

Rel Properties Limited (Registered number: 06513818)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Rel Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M S Kelly
J Lenihan





SECRETARY: Mrs M Kelly





REGISTERED OFFICE: 13, Farrans Court
Northwick Avenue
Harrow
Middlesex
HA3 0AT





REGISTERED NUMBER: 06513818 (England and Wales)





ACCOUNTANTS: Evolve Accounting and Tax Solutions Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN

Rel Properties Limited (Registered number: 06513818)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,438,160 1,435,757

CURRENT ASSETS
Prepayments and accrued income 1,135 3,378
Cash at bank 14,652 21,233
15,787 24,611
CREDITORS
Amounts falling due within one year 5 116,032 125,568
NET CURRENT LIABILITIES (100,245 ) (100,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,337,915

1,334,800

CREDITORS
Amounts falling due after more than one
year

6

(944,209

)

(961,659

)

PROVISIONS FOR LIABILITIES (42,264 ) (42,264 )
NET ASSETS 351,442 330,877

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 222,442 222,442
Retained earnings 128,998 108,433
SHAREHOLDERS' FUNDS 351,442 330,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Rel Properties Limited (Registered number: 06513818)

Balance Sheet - continued
30 June 2023


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 23 October 2023 and were signed on its behalf by:




M S Kelly - Director



J Lenihan - Director


Rel Properties Limited (Registered number: 06513818)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Rel Properties 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 1,435,739 923 1,436,662
Additions 2,408 - 2,408
At 30 June 2023 1,438,147 923 1,439,070
DEPRECIATION
At 1 July 2022 - 905 905
Charge for year - 5 5
At 30 June 2023 - 910 910
NET BOOK VALUE
At 30 June 2023 1,438,147 13 1,438,160
At 30 June 2022 1,435,739 18 1,435,757

Rel Properties Limited (Registered number: 06513818)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 200,381 923 201,304
Valuation in 2015 59,619 - 59,619
Valuation in 2017 283,262 - 283,262
Valuation in 2018 348,915 - 348,915
892,177 923 893,100

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 9,527
Taxation and social security 4,825 5,134
Other creditors 111,207 110,907
116,032 125,568

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 45,259
Hire purchase contracts - 1
Other creditors 944,209 916,399
944,209 961,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,149
Other loans more 5yrs instal 800,209 772,399
Hire purchase - 1
800,209 779,549

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans - 54,786

Rel Properties Limited (Registered number: 06513818)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 222,442

9. RELATED PARTY DISCLOSURES

Mr M S Kelly and Mr Joseph Lenihan are also directors in Rel Construction Limited.

During the year, the company received further loans from Rel Construction Limited amounting to £63,810(2022:£410,000) on normal commercial terms.

During the year, the company repaid £36,000(2022:£36,000) on the loan outstanding to Rel Construction Limited

The amount outstanding on the loan at the year end was £980,209(2022:£952,399) and is included in 'Other Creditors'.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M S Kelly and Mr J Lenihan by virtue of their ownership of 50% each in the issued ordinary share capital in the company.

Rel Properties Limited

Report of the Accountants to the Directors of
Rel Properties 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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Evolve Accounting and Tax Solutions Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN


23 October 2023