Relinquo Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10322394

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		165,360		218,752

			165,360		218,752
CURRENT ASSETS
Debtors	5	1,360,963		2,550,063
Cash at bank and in hand		81,476		123,215

		1,442,439		2,673,278
Creditors: Amounts Falling Due Within One Year	6	(697,720 )		(2,005,484 )

NET CURRENT ASSETS (LIABILITIES)			744,719		667,794

TOTAL ASSETS LESS CURRENT LIABILITIES			910,079		886,546

NET ASSETS			910,079		886,546

CAPITAL AND RESERVES
Called up share capital	7		100		100
Revaluation reserve	8		(9,311 )		(13,293 )
Profit and Loss Account			919,290		899,739

SHAREHOLDERS' FUNDS			910,079		886,546

Page 1

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Relinquo Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N Patel

Director

30/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Relinquo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10322394 . The registered office is Office 1, 21 Hatherton Street, Walsall, WS4 2LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investments

	Listed	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	22,789	195,963	218,752
Additions	350	-	350
Disposals	-	(57,724 )	(57,724 )
Revaluations	3,982	-	3,982

As at 31 March 2025	27,121	138,239	165,360

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

...CONTINUED

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Relinquo Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	27,121	138,239	165,360

As at 1 April 2024	22,789	195,963	218,752

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtor	1,360,963	2,550,063

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	5,916	472
Other creditors	3,101	974,171
Director's loan account	688,703	1,030,841

	697,720	2,005,484

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	(13,293 )
Surplus on revaluation	3,982

As at 31 March 2025	(9,311 )

9. Related Party Transactions

As of 31 March 2025, the company was owed £200,000 by NK2N Hotels Limited.

As of 31 March 2025, the company was owed £11,847 by Relinquo Hospitality Limited.

As of 31 March 2025, the company was owed £1,149,116 by Evolve Hospitality (Dundee) Limited.

All the loans above are repayable on demand.

Mr N Patel was the Director of all the mentioned above companies as of 31 March 2025.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr and Mrs Patel by virtue of their ownership of 100% of the issued share capital in the company.

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