Company registration number 00117884 (England and Wales)
JOHN RELF LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
JOHN RELF LIMITED
CONTENTS
Page
Directors' report
1
Statement of comprehensive income
2
Balance sheet
3 - 4
Notes to the financial statements
5 - 10
JOHN RELF LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities
The principal activity of the company continued to be that of letting properties and furnished accommodation.
Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

M J Relf
E M Downes
H J Relf

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
M J Relf
Director
5 December 2025
JOHN RELF LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
2025
2024
Notes
£
£
Turnover
84,034
88,989
Administrative expenses
(85,078)
(74,811)
Operating (loss)/profit
(1,044)
14,178
Interest receivable and similar income
1,100
277
Interest payable and similar expenses
(7,321)
(7,735)
(Loss)/profit before taxation
(7,265)
6,720
Tax on (loss)/profit
1,224
(9,712)
Loss for the financial year
(6,041)
(2,992)
Other comprehensive income
Tax relating to other comprehensive income
-
0
22,148
Total comprehensive income for the year
(6,041)
19,156

The profit and loss account has been prepared on the basis that all operations are continuing operations.

JOHN RELF LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
6,414
7,650
Investment property
5
2,020,000
2,020,000
Investments
6
10,120
10,120
2,036,534
2,037,770
Current assets
Debtors
7
3,535
2,541
Cash at bank and in hand
927
99,570
4,462
102,111
Creditors: amounts falling due within one year
8
(27,607)
(38,223)
Net current (liabilities)/assets
(23,145)
63,888
Total assets less current liabilities
2,013,389
2,101,658
Creditors: amounts falling due after more than one year
9
(200,050)
(200,050)
Provisions for liabilities
(210,304)
(210,180)
Net assets
1,603,035
1,691,428
Capital and reserves
Called up share capital
90,000
90,000
Revaluation reserve
10
1,213,361
1,213,361
Profit and loss reserves
11
299,674
388,067
Total equity
1,603,035
1,691,428
JOHN RELF LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 4 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 5 December 2025 and are signed on its behalf by:
M J Relf
Director
Company registration number 00117884 (England and Wales)
JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Company information

John Relf Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 The Burrows, Delamere Park, Cuddington, Cheshire, CW8 2UG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
67,871
Additions
248
At 31 March 2025
68,119
Depreciation and impairment
At 1 April 2024
60,221
Depreciation charged in the year
1,484
At 31 March 2025
61,705
Carrying amount
At 31 March 2025
6,414
At 31 March 2024
7,650
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
2,020,000

Investment property comprise of seven rental properties. The properties have been revalued based on the Directors valuations.

6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,006
10,006
Other investments other than loans
114
114
10,120
10,120
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,187
2,541
JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Debtors
(Continued)
- 9 -
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
1,348
-
0
Total debtors
3,535
2,541
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
10,001
10,001
Corporation tax
-
0
9,773
Other taxation and social security
167
151
Other creditors
17,439
18,298
27,607
38,223
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
200,050
200,050
JOHN RELF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
10
Revaluation reserve
2025
2024
£
£
At beginning of year
1,213,361
1,310,187
Deferred tax on revaluation of tangible assets
-
22,148
Transfer to retained earnings
-
0
(143,974)
Other movements
-
25,000
At end of year
1,213,361
1,213,361
11
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
388,067
309,186
Loss for the year
(6,041)
(2,992)
Dividends declared and paid in the year
(82,352)
(62,101)
Transfer to reserves
-
0
143,974
At the end of the year
299,674
388,067
2025-03-31 2024-04-01 false false false 10 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity M J Relf E M Downes H J Relf 00117884 2024-04-01 2025-03-31 00117884 core:PreviouslyStatedAmount 2024-04-01 2025-03-31 00117884 bus:Director1 2024-04-01 2025-03-31 00117884 bus:Director2 2024-04-01 2025-03-31 00117884 bus:Director3 2024-04-01 2025-03-31 00117884 2025-03-31 00117884 2023-04-01 2024-03-31 00117884 2024-03-31 00117884 core:OtherPropertyPlantEquipment 2025-03-31 00117884 core:OtherPropertyPlantEquipment 2024-03-31 00117884 core:CurrentFinancialInstruments 2025-03-31 00117884 core:CurrentFinancialInstruments 2024-03-31 00117884 core:Non-currentFinancialInstruments 2025-03-31 00117884 core:Non-currentFinancialInstruments 2024-03-31 00117884 core:ShareCapital 2025-03-31 00117884 core:ShareCapital 2024-03-31 00117884 core:RevaluationReserve 2025-03-31 00117884 core:RevaluationReserve 2024-03-31 00117884 core:RetainedEarningsAccumulatedLosses 2025-03-31 00117884 core:RetainedEarningsAccumulatedLosses 2024-03-31 00117884 core:RevaluationReserve 2024-03-31 00117884 core:RetainedEarningsAccumulatedLosses 2024-03-31 00117884 core:RetainedEarningsAccumulatedLosses 2023-03-31 00117884 core:PlantMachinery 2024-04-01 2025-03-31 00117884 core:FurnitureFittings 2024-04-01 2025-03-31 00117884 core:MotorVehicles 2024-04-01 2025-03-31 00117884 core:OtherPropertyPlantEquipment 2024-03-31 00117884 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 00117884 2024-03-31 00117884 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00117884 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00117884 core:AfterOneYear 2025-03-31 00117884 core:AfterOneYear 2024-03-31 00117884 core:RevaluationReserve 2024-04-01 2025-03-31 00117884 core:RevaluationReserve 2023-04-01 2024-03-31 00117884 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00117884 core:OtherReservesSubtotal 2023-04-01 2024-03-31 00117884 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00117884 bus:FRS102 2024-04-01 2025-03-31 00117884 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00117884 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00117884 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP