Let's Relax Ltd - Filleted accounts

Registered number

10750616

Let's Relax Ltd

Filleted Accounts

5 April 2025

Let's Relax Ltd
Registered number:		10750616
Balance Sheet
as at 5 April 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	4,010			4,010
Cash at bank and in hand		854			926
		4,864			4,936

Creditors: amounts falling due within one year	4	(7,376)			(6,491)

Net current liabilities			(2,512)			(1,555)

Net liabilities			(2,512)			(1,555)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(2,513)			(1,556)

Shareholders' funds			(2,512)			(1,555)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Vanessa Gooch
Director
Approved by the board on 15 October 2025

Let's Relax Ltd
Notes to the Accounts
for the period from 1 October 2024 to 5 April 2025


1	Accounting policies

	Basis of preparation
	Following cessation of trade on 5 April 2025, the director considers the going concern basis inappropriate. Accordingly, these financial statements are prepared on a break-up basis. Non-current assets are measured at estimated net realisable value (ENRV) less costs to sell; inventories (if any) at the lower of cost and NRV; all identifiable closure obligations are provided where a present obligation exists and can be reliably measured. Deferred tax assets are recognised only where recovery is probable during the wind-down.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Debtors					2025		2024
£							£

	PAYE recoverable					1,910		1,910
	Corporation tax recoverable - s455					2,100		2,100
						4,010		4,010


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					870		-
	Amounts owed to directors					1,146		218
	Taxation and social security costs					4,660		5,673
	Other creditors					700		600
						7,376		6,491


5	Cessation of trade

	The company ceased trading on 5 April 2025. From that date no further revenue has been earned other than realising remaining assets and settling obligations. The directors intend to apply for voluntary strike-off under s1003 Companies Act 2006 once outstanding matters are concluded. The financial statements are prepared on a break-up basis (see accounting policies). Any closure costs and provisions are recognised where a present obligation exists and can be reliably measured.


6	Loans from directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Vanessa Gooch	218				928		1,146
		218		-		928		1,146

	During the year, the business received funds from the director, totalling £928 (2024: £6,439). The loan is unsecured, interest-free and repayable on demand. The amount outstanding at 5 April 2025 was £1,146 (2024: £218). No guarantees were given or received.


7	Related party transactions

	Amounts owed to directors at 5 April 2025 totalled £1,146 (2024: £218). No interest was charged.


8	Other information

	Let's Relax Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	SHMS House
	20 Little Park Farm Road
	Fareham
	Hampshire
	PO15 5TD