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REGISTERED NUMBER: 10322394 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Relinquo Limited

Relinquo Limited (Registered number: 10322394)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Relinquo Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Narendra Patel





REGISTERED OFFICE: Office 1, 21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 10322394 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Relinquo Limited (Registered number: 10322394)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 218,752 235,572

CURRENT ASSETS
Debtors 5 2,550,063 1,549,397
Cash at bank 123,215 116,859
2,673,278 1,666,256
CREDITORS
Amounts falling due within one year 6 (2,005,484 ) (1,004,346 )
NET CURRENT ASSETS 667,794 661,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,546

897,482

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 (13,293 ) -
Retained earnings 899,739 897,382
886,546 897,482

Relinquo Limited (Registered number: 10322394)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 December 2024 and were signed by:





Mr Narendra Patel - Director


Relinquo Limited (Registered number: 10322394)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Relinquo 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.

Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 235,572
Additions 346
Disposals (3,873 )
Revaluations (13,293 )
At 31 March 2024 218,752
NET BOOK VALUE
At 31 March 2024 218,752
At 31 March 2023 235,572

Relinquo Limited (Registered number: 10322394)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 218,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,550,063 1,549,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 2
Tax 472 2,621
Other creditors 974,171 -
Directors' current accounts 1,030,841 1,001,723
2,005,484 1,004,346

7. RESERVES
Revaluation
reserve
£   
No description (13,293 )

At 31 March 2024 (13,293 )

8. RELATED PARTY DISCLOSURES

As of 31 March 2024, the company was owed £771,550 by NK2N Hotels Limited.
As of 31 March 2024, the company was owed £629,397 by Relinquo Hospitality Limited.
As of 31 March 2024, the company was owed £1,149,116 by NK2N Hotels (Glasgow) Limited.

As of 31 March 2024, the company owed £617,550 to Killin Hotel Limited.
As of 31 March 2024, the company owed £354,000 to Lochaber Hotels Limited.

All the loans above are repayable on demand.
Mr N Patel was the Director of all the mentioned above companies as of 31 March 2024.

Relinquo Limited (Registered number: 10322394)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr and Mrs Patel by virtue of their ownership of 100% of the issued share capital in the company.