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REGISTERED NUMBER: 00382926 (England and Wales)


















Reldene Estates Limited

Unaudited Financial Statements for the Year Ended 5th April 2024






Reldene Estates Limited (Registered number: 00382926)






Contents of the Financial Statements
for the year ended 5th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reldene Estates Limited

Company Information
for the year ended 5th April 2024







DIRECTORS: A Sanders
G J Chaplin
K L Murden
P M Needler
A J Needler
J C Needler





SECRETARY: M Needler





REGISTERED OFFICE: 6 Greenstiles Lane
Swanland
East Yorkshire
HU14 3NH





REGISTERED NUMBER: 00382926 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Reldene Estates Limited (Registered number: 00382926)

Balance Sheet
5th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 474,000 312,000

CURRENT ASSETS
Debtors 5 125,000 81,000
Cash at bank 9,098 40,178
134,098 121,178
CREDITORS
Amounts falling due within one year 6 5,719 5,891
NET CURRENT ASSETS 128,379 115,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,379

427,287

PROVISIONS FOR LIABILITIES 93,231 52,731
NET ASSETS 509,148 374,556

CAPITAL AND RESERVES
Called up share capital 252 252
Non - distributable reserves 7 355,790 234,290
Retained earnings 153,106 140,014
SHAREHOLDERS' FUNDS 509,148 374,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2024 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.

Reldene Estates Limited (Registered number: 00382926)

Balance Sheet - continued
5th April 2024


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 14th August 2024 and were signed on its behalf by:





A J Needler - Director


Reldene Estates Limited (Registered number: 00382926)

Notes to the Financial Statements
for the year ended 5th April 2024

1. STATUTORY INFORMATION

Reldene Estates 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.

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 (2023 - NIL).

Reldene Estates Limited (Registered number: 00382926)

Notes to the Financial Statements - continued
for the year ended 5th April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6th April 2023 312,000
Revaluations 162,000
At 5th April 2024 474,000
NET BOOK VALUE
At 5th April 2024 474,000
At 5th April 2023 312,000

Fair value at 5th April 2024 is represented by:
£   
Valuation in 2011 287,021
Valuation in 2024 162,000
Cost 24,979
474,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 125,000 81,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,445 3,691
Other creditors 2,274 2,200
5,719 5,891

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.