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
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
Relocate Residential Ltd
Statement of financial position
as at 31 October 2023
Investment property
174,516
174,516
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)
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
Relocate Residential Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
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
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).