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RELIANCE INVESTMENTS LTD - Company Information

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Reliance Investments Limited

Registered Number:06088720

For the year ended 30 June 2019

England and Wales

Report of the Directors and Financial Statements

For the year ended 30 June 2019

Reliance Investments Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 June 2019

Reliance Investments Limited

Statement of Financial Position

Registered Number :

06088720

2018

2019

Notes

Fixed assets

Property, plant and equipment

4,035,273

2,067,427

1,223,476

1,180,491

Investment property

Financial assets

1,155

5,259,904

3,249,073

Current assets

Trade and other receivables

4,357,326

3,827,533

308,608

Cash and cash equivalents

284,478

4,112,011

4,665,934

Trade and other payables: amounts falling due within one

year

(279,828)

(431,780)

4,386,106

3,680,231

Net current assets

Total assets less current liabilities

8,940,135

7,635,179

Trade and other payables: amounts falling due after more

than one year

(4,636,915)

(5,667,674)

(61,097)

Provisions for liabilities

3,211,364

Net assets

2,937,167

Capital and reserves

Called up share capital

100

Retained earnings

3,211,264

2,937,067

3,211,364

2,937,167

Shareholders' funds

For the year ended 30 June 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

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For the year ended 30 June 2019

Reliance Investments Limited

Statement of Financial Position Continued

Mrs I K Makkar Director

These financial statements were approved and authorised for issue by the Board on 16 March 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2019

Reliance Investments Limited

Notes to the Financial Statements

Statutory Information

Reliance Investments Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 06088720.

Registered address:

Top Floor Bridgewater House

866 -868 Uxbridge Road

Hayes

Middlesex

UB4 0RR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover represents rents receivable.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20% Reducing balance

Computer equipment

The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is

likely that there has been a material change in value.

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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For the year ended 30 June 2019

Reliance Investments Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Land and

buildings

Cost or

valuation

At 01 July 2018

2,075,755

15,629

2,060,126

1,969,306

Additions

At 30 June 2019

4,029,432

15,629

4,045,061

Provision for depreciation and impairment

At 01 July 2018

8,328

Charge for year

1,460

At 30 June 2019

9,788

At 30 June 2019

Net book value

4,029,432

5,841

4,035,273

At 30 June 2018

2,060,126

7,301

2,067,427

3. Investment property

Total

Fair value

At 01 July 2018

1,180,491

Additions

42,985

At 30 June 2019

1,223,476

Net book value

At 30 June 2019

1,223,476

At 30 June 2018

1,180,491

4. Investments held as fixed assets

Other investments

Total

At 01 July 2018

1,155

Cost

At 30 June 2019

1,155

At 30 June 2019

Net book value

1,155

At 01 July 2018

1,155

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For the year ended 30 June 2019

Reliance Investments Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2018

2019

Trade debtors

32,025

1,022

Amounts owed by group undertakings and participating interests

3,752,464

4,119,119

Other debtors

43,044

237,185

4,357,326

3,827,533

The debtors above include the following amounts falling due after more than one year:

Other debtors

20,000

6. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft (secured)

238,874

233,440

Bank loans and overdraft

11,546

10,577

Trade creditors

141,252

26,555

Taxation and social security

1,933

3,722

Other creditors

38,175

5,534

431,780

279,828

7. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft (secured)

3,204,485

2,429,898

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

1,404,805

1,190,700

Other creditors

1,058,384

1,016,317

5,667,674

4,636,915

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