REGISTERED NUMBER: 11183037 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Relinquo Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Prakash Narottambhai Patel

Mrs Anjana Patel

Miss Nikhila Patel

SECRETARY:

Mrs Anjana Patel

REGISTERED OFFICE:

Office 1

21 Hatherton Street

Walsall

WS4 2LA

REGISTERED NUMBER:

11183037 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Intangible assets

4

612,004

638,613

Tangible assets

5

265,364

277,707

Investments

6

100

100

877,468

916,420

CURRENT ASSETS

Stocks

256,927

161,686

Debtors

7

541,618

456,718

Cash at bank and in hand

280,718

200,093

1,079,263

818,497

CREDITORS

Amounts falling due within one year

8

(1,027,845

)

(953,012

)

NET CURRENT ASSETS/(LIABILITIES)

51,418

(134,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

928,886

781,905

PROVISIONS FOR LIABILITIES

(23,557

)

(22,159

)

NET ASSETS

905,329

759,746

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

905,229

759,646

SHAREHOLDERS' FUNDS

905,329

759,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

Mr Prakash Narottambhai Patel - Director

1.	STATUTORY INFORMATION

Relinquo Holdings 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.

The company was at the end of the year, a wholly owned subsidiary of another company incorporated in the EEA and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published consolidated accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Goodwill

Goodwill being the amount paid in connection with the aquisition of business which will be amortised over its estimated useful life of 25 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Over the life of asset

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

950,222

AMORTISATION

At 1 March 2024

311,609

Charge for year

26,609

At 28 February 2025

338,218

NET BOOK VALUE

At 28 February 2025

612,004

At 29 February 2024

638,613

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

382,568

267,282

649,850

Additions

5,428

18,201

23,629

At 28 February 2025

387,996

285,483

673,479

DEPRECIATION

At 1 March 2024

198,236

173,907

372,143

Charge for year

18,624

17,348

35,972

At 28 February 2025

216,860

191,255

408,115

NET BOOK VALUE

At 28 February 2025

171,136

94,228

265,364

At 29 February 2024

184,332

93,375

277,707

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 March 2024

and 28 February 2025

100

NET BOOK VALUE

At 28 February 2025

100

At 29 February 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

374,740

399,640

Other debtors

166,878

57,078

541,618

456,718

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

494,593

527,478

Taxation and social security

166,339

72,684

Other creditors

366,913

352,850

1,027,845

953,012

9.	RELATED PARTY DISCLOSURES

Included within Other Creditors is an amount of £318,342 (2024- £308,542) which is owed to Aum Healthcare Limited as of 28 February 2025. Interest is charged at 3%. The Loan is repayable on demand.

Mr Prakash Patel and Mrs Anjana Patel were the directors of Aum Healthcare Limited as of 28 February 2025.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Aum Group Limited by virture of its ownership of 100% of the issued share capital in the company.