ACCOUNTS - Final Accounts

Company Registration Number 03513654

	REMLEX LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	FOR YEAR ENDED 31 DECEMBER 2024

REMLEX LIMITED

REGISTERED NUMBER: 03513654

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		240,000		240,000
			240,000		240,000
Current assets
Debtors: amounts falling due within one year	5	274		-
Current asset investments	6	69,450		69,450
Cash at bank and in hand		1,706		426
		71,430		69,876
Creditors: amounts falling due within one year	7	(339,159)		(337,520)
Net current liabilities			(267,729)		(267,644)
Total assets less current liabilities			(27,729)		(27,644)
Provisions for liabilities
Deferred tax	8	(1,896)		(1,896)
			(1,896)		(1,896)
Net liabilities			(29,625)		(29,540)

Capital and reserves
Called up share capital	9	2	2
Profit and loss account		(29,627)	(29,542)
		(29,625)	(29,540)

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REMLEX LIMITED

REGISTERED NUMBER: 03513654

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R Ladha

Director

Date: 25 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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REMLEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Remlex Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 03513654 and the registered address is 11 Beavor Lane, London, England, W6 9AR.
The financial statements are presented in Pounds Sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors who are also shareholders have received confirmation from Omni Facilities Management Limited that they will not recall the loan provided to the company in order to enable the company to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue comprises rental income and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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REMLEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors with reference to values derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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REMLEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1)

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	240,000
	At 31 December 2024	240,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

The property and all assets are secured against any borrowings the company may obtain from Natwest Bank Plc and/or Barclays Bank Plc of which there are none at year end.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

Historic cost	202,773	202,773
Accumulated depreciation and impairments	(75,337)	(71,282)
	127,436	131,491

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REMLEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	274	-
	274	-

6.	Current asset investments
		2024	2023
		£	£

Unlisted investments	69,450	69,450
	69,450	69,450

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to related undertakings	332,643	329,330
Corporation tax	3,792	3,792
Accruals and deferred income	2,724	4,398
	339,159	337,520

8.	Deferred taxation

		2024
		£

	At beginning of year	(1,896)
	At end of year	(1,896)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

	Accelerated capital allowances	(1,896)	(1,896)
		(1,896)	(1,896)

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REMLEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2 (2023 - 2) Ordinary shares of £1.00 each	2	2

10.	Related party transactions
	At the balance sheet date the company owed a company under common control £332,643 (2023: £329,330).

11.	Controlling party

The company’s ultimate parent undertaking at the balance sheet date was Omni Property Group Holdco Limited, a company incorporated in England.
The ultimate controlling party is R Ladha.

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