REGISTERED NUMBER: 06513818 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Rel Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M S Kelly

J Lenihan

SECRETARY:

Mrs M Kelly

REGISTERED OFFICE:

13, Farrans Court

Northwick Avenue

Harrow

Middlesex

HA3 0AT

REGISTERED NUMBER:

06513818 (England and Wales)

ACCOUNTANTS:

Sheridan Clarke Limited

2nd Floor Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

FIXED ASSETS

Tangible assets

4

2,441,700

1,438,157

CURRENT ASSETS

Prepayments and accrued income

3,434

1,832

Cash at bank

37,468

605,181

40,902

607,013

CREDITORS

Amounts falling due within one year

5

181,289

116,441

NET CURRENT (LIABILITIES)/ASSETS

(140,387

)

490,572

TOTAL ASSETS LESS CURRENT LIABILITIES

2,301,313

1,928,729

CREDITORS

Amounts falling due after more than one year

6

(1,844,432

)

(1,512,714

)

PROVISIONS FOR LIABILITIES

(42,264

)

(42,264

)

NET ASSETS

414,617

373,751

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

222,442

222,442

Retained earnings

192,173

151,307

SHAREHOLDERS' FUNDS

414,617

373,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M S Kelly - Director

J Lenihan - Director

1.	STATUTORY INFORMATION

Rel Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

1,438,147

923

1,439,070

Additions

1,003,545

-

1,003,545

At 30 June 2025

2,441,692

923

2,442,615

DEPRECIATION

At 1 July 2024

-

913

913

Charge for year

-

2

2

At 30 June 2025

-

915

915

NET BOOK VALUE

At 30 June 2025

2,441,692

8

2,441,700

At 30 June 2024

1,438,147

10

1,438,157

Cost or valuation at 30 June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

200,381

923

201,304

Valuation in 2015

59,619

-

59,619

Valuation in 2017

283,262

-

283,262

Valuation in 2018

348,915

-

348,915

Valuation in 2021

162,823

-

162,823

Valuation in 2022

380,739

-

380,739

Valuation in 2023

2,409

-

2,409

Valuation in 2025

1,003,544

-

1,003,544

2,441,692

923

2,442,615

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Taxation and social security

9,632

5,234

Other creditors

171,657

111,207

181,289

116,441

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Other creditors

1,844,432

1,512,714

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,460,432

1,368,714

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

8.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

222,442

9.	RELATED PARTY DISCLOSURES

Mr M S Kelly and Mr Joseph Lenihan are also directors in Rel Construction Limited.

During the year, the company received further loans from Rel Construction Limited amounting to £420,000(2024:£580,000) on normal commercial terms.

During the year, the company repaid £67,000(2024:£36,000) on the loan outstanding to Rel Construction Limited

The amount outstanding on the loan at the year end was £1,940.432(2024:£1,548,714) and is included in 'Other Creditors'.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M S Kelly and Mr J Lenihan by virtue of their ownership of 50% each in the issued ordinary share capital in the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sheridan Clarke Limited

2nd Floor Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

25 September 2025