IRIS Accounts Production v24.3.2.46 11312131 Board of Directors 30.3.23 29.3.24 29.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113121312023-03-29113121312024-03-29113121312023-03-302024-03-29113121312022-03-29113121312022-03-302023-03-29113121312023-03-2911312131ns15:EnglandWales2023-03-302024-03-2911312131ns14:PoundSterling2023-03-302024-03-2911312131ns10:Director12023-03-302024-03-2911312131ns10:PrivateLimitedCompanyLtd2023-03-302024-03-2911312131ns10:SmallEntities2023-03-302024-03-2911312131ns10:AuditExempt-NoAccountantsReport2023-03-302024-03-2911312131ns10:SmallCompaniesRegimeForDirectorsReport2023-03-302024-03-2911312131ns10:SmallCompaniesRegimeForAccounts2023-03-302024-03-2911312131ns10:FullAccounts2023-03-302024-03-2911312131ns10:Director22023-03-302024-03-2911312131ns10:RegisteredOffice2023-03-302024-03-2911312131ns5:CurrentFinancialInstruments2024-03-2911312131ns5:CurrentFinancialInstruments2023-03-2911312131ns5:Non-currentFinancialInstruments2024-03-2911312131ns5:Non-currentFinancialInstruments2023-03-2911312131ns5:ShareCapital2024-03-2911312131ns5:ShareCapital2023-03-2911312131ns5:RetainedEarningsAccumulatedLosses2024-03-2911312131ns5:RetainedEarningsAccumulatedLosses2023-03-2911312131ns5:ComputerEquipment2023-03-2911312131ns5:ComputerEquipment2023-03-302024-03-2911312131ns5:ComputerEquipment2024-03-2911312131ns5:ComputerEquipment2023-03-2911312131ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2911312131ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-29
REGISTERED NUMBER: 11312131 (England and Wales)














Financial Statements for the Year Ended 29 March 2024

for

Reliance Capital Partners Limited

Reliance Capital Partners Limited (Registered number: 11312131)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Reliance Capital Partners Limited

Company Information
for the Year Ended 29 March 2024







DIRECTORS: Mrs K Anderson
Mr C J Opara





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11312131 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Reliance Capital Partners Limited (Registered number: 11312131)

Statement of Financial Position
29 March 2024

29.3.24 29.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 416 555

CURRENT ASSETS
Debtors 5 98,188 100,486
Cash at bank and in hand 103 373
98,291 100,859
CREDITORS
Amounts falling due within one year 6 (311,026 ) (294,271 )
NET CURRENT LIABILITIES (212,735 ) (193,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES (212,319 ) (192,857 )

CREDITORS
Amounts falling due after more than one
year

7

(8,527

)

(12,090

)
NET LIABILITIES (220,846 ) (204,947 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (220,946 ) (205,047 )
SHAREHOLDERS' FUNDS (220,846 ) (204,947 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

Reliance Capital Partners Limited (Registered number: 11312131)

Statement of Financial Position - continued
29 March 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 12 March 2025 and were signed on its behalf by:





Mr C J Opara - Director


Reliance Capital Partners Limited (Registered number: 11312131)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

Reliance Capital Partners 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
Furniture & Fixture - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Government grant
The Government grants represents income received in the form of the Bounce Back Loan (BBL) it received during the year. The grants are recognised on the accruals basis in the same period as the
expenditure that it is expected to compensate for.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Reliance Capital Partners Limited (Registered number: 11312131)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 30 March 2023
and 29 March 2024 903
DEPRECIATION
At 30 March 2023 348
Charge for year 139
At 29 March 2024 487
NET BOOK VALUE
At 29 March 2024 416
At 29 March 2023 555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Other debtors 98,188 100,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Bank loans and overdrafts 11,838 5,645
Amounts owed to associates 287,913 283,669
Taxation and social security 3,078 2,517
Other creditors 8,197 2,440
311,026 294,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.3.24 29.3.23
£    £   
Bank loans 8,527 12,090

8. RELATED PARTY DISCLOSURES

Mr CJ Opara is deemed to be the key management personnel.