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Company No: 09552796 (England and Wales)

RELIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

RELIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

RELIVE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
RELIVE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 809,169 802,793
809,169 802,793
Current assets
Debtors 4 356,642 438,382
Cash at bank and in hand 355,144 323,728
711,786 762,110
Creditors: amounts falling due within one year 5 ( 89,251) ( 176,774)
Net current assets 622,535 585,336
Total assets less current liabilities 1,431,704 1,388,129
Creditors: amounts falling due after more than one year 6 ( 116,255) ( 117,698)
Net assets 1,315,449 1,270,431
Capital and reserves
Called-up share capital 1,000 1,000
Revaluation reserve 66,173 66,173
Profit and loss account 1,248,276 1,203,258
Total shareholders' funds 1,315,449 1,270,431

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Relive Limited (registered number: 09552796) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Dr N Haider
Director

25 March 2025

RELIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
RELIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Relive Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 The Courtyard Wyncolls Road, Severalls Industrial Park, Colchester, CO4 9PE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Fixtures and fittings 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Investment property Fixtures and fittings Office equipment Total
£ £ £ £
Cost/Valuation
At 01 April 2023 800,000 3,294 4,296 807,590
Additions 0 0 8,747 8,747
At 31 March 2024 800,000 3,294 13,043 816,337
Accumulated depreciation
At 01 April 2023 0 2,277 2,520 4,797
Charge for the financial year 0 153 2,218 2,371
At 31 March 2024 0 2,430 4,738 7,168
Net book value
At 31 March 2024 800,000 864 8,305 809,169
At 31 March 2023 800,000 1,017 1,776 802,793

4. Debtors

2024 2023
£ £
Trade debtors 2,100 49,150
Amounts owed by directors 264,661 301,029
Prepayments 1,174 1,133
Other debtors 88,707 87,070
356,642 438,382

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 19,775
Other loans 7,288 7,288
Accruals 56,500 2,280
Taxation and social security 25,463 147,431
89,251 176,774

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 99,555 102,592
Deferred tax liability 16,700 15,106
116,255 117,698

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 15,106) ( 15,179)
(Charged)/credited to the Income Statement ( 1,594) 73
At the end of financial year ( 16,700) ( 15,106)

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Balance due from Directors 264,661 301,028

During the year the director's (S & N Haider) have been charged interest at the official rate as set by HM Revenue and Customs on their loan.