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Company Registration No. 11620441 (England and Wales)
Relocate Residential Ltd Unaudited accounts for the year ended 31 October 2023
Relocate Residential Ltd Unaudited accounts Contents
Page
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Relocate Residential Ltd Company Information for the year ended 31 October 2023
Directors
Alex Lee Claire Lee
Company Number
11620441 (England and Wales)
Registered Office
505 GALLEYWOOD ROAD CHELMSFORD ESSEX CM2 8AA UNITED KINGDOM
Accountants
Wednesday Professional Services Ltd 39a High Street Billericay Essex CM12 9BA
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Relocate Residential Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
174,516 
174,516 
Current assets
Cash at bank and in hand
516 
2,832 
Creditors: amounts falling due within one year
(39,115)
(38,215)
Net current liabilities
(38,599)
(35,383)
Total assets less current liabilities
135,917 
139,133 
Creditors: amounts falling due after more than one year
(149,674)
(149,674)
Net liabilities
(13,757)
(10,541)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(13,758)
(10,542)
Shareholders' funds
(13,757)
(10,541)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2024 and were signed on its behalf by
Claire Lee Director Company Registration No. 11620441
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Relocate Residential Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Relocate Residential Ltd is a private company, limited by shares, registered in England and Wales, registration number 11620441. The registered office is 505 GALLEYWOOD ROAD, CHELMSFORD, ESSEX, CM2 8AA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
4,800 
At 31 October 2023
4,800 
Depreciation
At 1 November 2022
4,800 
At 31 October 2023
4,800 
Net book value
At 31 October 2023
- 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
174,516 
At 31 October 2023
174,516 
Investments are stated at the lower of cost and the revalued amount carried out by the directors in line with current market conditions prevailing. The investments are residential housing property.
Investments represent residential housing.
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Relocate Residential Ltd Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
38,465 
37,565 
Accruals
650 
650 
39,115 
38,215 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
149,674 
149,674 
The creditor represents an interest only mortgage in favour of Mortgage Works and is secured on the investment property held by the company.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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