Company Registration No. 12220923 (England and Wales)
RELION PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 September 2024
RELION PROPERTIES LIMITED
Unaudited accounts
Contents
RELION PROPERTIES LIMITED
Company Information
for the year ended 30 September 2024
Director
Juliet Wendy James-Lionel
Company Number
12220923 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
UNITED KINGDOM
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
RELION PROPERTIES LIMITED
Statement of financial position
as at 30 September 2024
Investment property
335,704
288,000
Cash at bank and in hand
25,039
27,286
Creditors: amounts falling due within one year
(112,587)
(104,176)
Net current liabilities
(87,548)
(76,890)
Total assets less current liabilities
248,156
211,110
Creditors: amounts falling due after more than one year
(227,160)
(168,680)
Provisions for liabilities
Deferred tax
(3,895)
(10,165)
Called up share capital
100
100
Fair value reserve
16,603
-
Profit and loss account
398
32,165
Shareholders' funds
17,101
32,265
For the year ending 30 September 2024 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 director acknowledges her 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 and authorised for issue on 17 March 2025 and were signed on its behalf by
Juliet Wendy James-Lionel
Director
Company Registration No. 12220923
RELION PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
RELION PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12220923. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, 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:
Investment property is recorded at market fair value. Gains are recognized in the income statement and deferred tax accordingly. Deferred taxation is provided at the rate expected to apply when the property is sold.
Average number of employees
Average number of employees also includes directors.
RELION PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
At 30 September 2024
2,399
At 30 September 2024
2,399
Fair value at 1 October 2023
288,000
Net loss from fair value adjustments
(33,000)
At 30 September 2024
335,704
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
93
-
Other creditors
5,406
3,631
Loans from directors
107,088
100,545
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
227,160
168,680
8
Average number of employees
During the year the average number of employees was 0 (2023: 2).