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Reliance Investments Limited
Registered Number:06088720
For the year ended 30 June 2024
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 30 June 2024
Reliance Investments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06088720
As at 30 June 2024
Reliance Investments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,914
2,393
7,103,036
7,103,036
Investment property
Financial assets
628
578
2
7,105,528
7,106,057
Current assets
Trade and other receivables
4,907,568
5,306,280
3
16
Cash and cash equivalents
4,558
5,310,838
4,907,584
Trade and other payables: amounts falling due within one
year
(139,149)
(133,116)
4
4,768,435
5,177,722
Net current assets
Total assets less current liabilities
12,283,250
11,874,492
Trade and other payables: amounts falling due after more
than one year
(8,274,048)
(8,634,398)
5
(61,097)
(61,097)
Provisions for liabilities
3,587,755
Net assets
3,539,347
Capital and reserves
Called up share capital
100
100
Retained earnings
3,587,655
3,539,247
3,587,755
3,539,347
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06088720
For the year ended 30 June 2024
Reliance Investments Limited
Statement of Financial Position Continued
Mrs I K Makkar Director
These financial statements were approved and authorised for issue by the Board on 12 March 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 June 2024
Reliance Investments Limited
Notes to the Financial Statements
Statutory Information
Reliance Investments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06088720.
Registered address:
Top Floor Bridgewater House
866 -868 Uxbridge Road
Hayes
Middlesex
UB4 0RR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 June 2024
Reliance Investments Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets
Other investments
Total
At 01 July 2023
628
628
Cost
£
£
Disposals/Repayments
(50)
(50)
At 30 June 2024
578
578
At 30 June 2024
Net book value
578
578
At 01 July 2023
628
628
3. Trade and other receivables
2023
2024
£
£
Trade debtors
60,030
65,274
Amounts owed by group undertakings and participating interests
5,219,009
4,796,707
Other debtors
27,241
45,587
4,907,568
5,306,280
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
5,219,009
4,796,707
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
14,349
13,748
Trade creditors
7,554
13,176
Taxation and social security
18,485
23,954
Other creditors
92,728
88,271
133,116
139,149
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7
For the year ended 30 June 2024
Reliance Investments Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
42,664
45,553
Bank loans and overdraft (secured)
6,305,430
6,249,995
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
51,113
Other creditors
2,286,304
1,927,387
8,634,398
8,274,048
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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