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Relevant Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09957625
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 236
Investment Properties 5 84,915 84,915
84,915 85,151
CURRENT ASSETS
Debtors - 1,060
Cash at bank and in hand 261 579
261 1,639
Creditors: Amounts Falling Due Within One Year 6 (55,712 ) (61,527 )
NET CURRENT ASSETS (LIABILITIES) (55,451 ) (59,888 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,464 25,263
NET ASSETS 29,464 25,263
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 29,364 25,163
SHAREHOLDERS' FUNDS 29,464 25,263
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Moore
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Relevant Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09957625 . The registered office is Mill House Liphook Road, Shottermill, Haslemere, Surrey, GU27 3QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises rent receivable during the period of account, net of VAT where applicable. Where rent is received in advance it is deferred into the period to which the amount receivable relates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line over 4 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
3. Average Number of Employees
The average number of employees, including directors, during the year was 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 1,182
As at 31 January 2024 1,182
Depreciation
As at 1 February 2023 946
Provided during the period 236
As at 31 January 2024 1,182
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 236
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 84,915
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 53,571 61,502
Taxation and social security 2,141 25
55,712 61,527
Included within Other creditors above are unsecured loans from the director of £52,554 (2023 - £55,048 ). These loans are repayable on demand, and interest is charged at a rate of up to 15% per annum, at the discretion of the director. 
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4