Accounts Submission

RELAX PROPERTY INVESTMENTS LIMITED - Company Information

Company Accounts and Tax Online SC181858 Board of Directors 1.1.16 31.12.16 31.12.16 false iso4217:GBP xbrli:pure SC181858 2015-01-01 2015-12-31 SC181858 2016-12-31 SC181858 2016-01-01 2016-12-31 SC181858 2015-12-31 SC181858 countries:Scotland 2016-01-01 2016-12-31 SC181858 curr:PoundSterling 2016-01-01 2016-12-31 SC181858 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 SC181858 uk-bus:FRS102 2016-01-01 2016-12-31 SC181858 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 SC181858 uk-bus:FullAccounts 2016-01-01 2016-12-31 SC181858 uk-bus:RegisteredOffice 2016-01-01 2016-12-31 SC181858 uk-bus:Director1 2016-01-01 2016-12-31 SC181858 uk-bus:Director1 2016-01-01 SC181858 uk-bus:Director1 2016-12-31 SC181858 core:AfterOneYear 2016-12-31 SC181858 core:AfterOneYear 2015-12-31 SC181858 core:WithinOneYear 2016-12-31 SC181858 core:WithinOneYear 2015-12-31 SC181858 core:WithinOneYear 2016-01-01 2016-12-31 SC181858 core:AfterOneYear 2016-12-31 SC181858 core:AfterOneYear 2015-12-31 SC181858 core:AfterOneYear 2016-01-01 2016-12-31 SC181858 core:ShareCapital 2016-12-31 SC181858 core:ShareCapital 2015-12-31 SC181858 core:RevaluationReserve 2016-12-31 SC181858 core:RevaluationReserve 2015-12-31 SC181858 core:RetainedEarningsAccumulatedLosses 2016-12-31 SC181858 core:RetainedEarningsAccumulatedLosses 2015-12-31 SC181858 1 2016-01-01 2016-12-31 SC181858 core:LandBuildings 2016-01-01 2016-12-31 SC181858 core:LandBuildings 2016-12-31 SC181858 core:LandBuildings 2015-01-01 2015-12-31 SC181858 core:LandBuildings 2015-12-31 SC181858 core:PlantMachinery 2016-01-01 2016-12-31 SC181858 core:PlantMachinery 2016-12-31 SC181858 core:PlantMachinery 2015-01-01 2015-12-31 SC181858 core:PlantMachinery 2015-12-31 SC181858 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 SC181858 core:FurnitureFittingsToolsEquipment 2016-12-31 SC181858 core:FurnitureFittingsToolsEquipment 2015-01-01 2015-12-31 SC181858 core:FurnitureFittingsToolsEquipment 2015-12-31 SC181858 core:OfficeEquipment 2016-01-01 2016-12-31 SC181858 core:OfficeEquipment 2016-12-31 SC181858 core:OfficeEquipment 2015-01-01 2015-12-31 SC181858 core:OfficeEquipment 2015-12-31 SC181858 core:Vehicles 2016-01-01 2016-12-31 SC181858 core:Vehicles 2016-12-31 SC181858 core:Vehicles 2015-01-01 2015-12-31 SC181858 core:Vehicles 2015-12-31 SC181858 core:NetGoodwill 2016-01-01 2016-12-31 SC181858 core:NetGoodwill 2016-12-31 SC181858 core:NetGoodwill 2015-01-01 2015-12-31 SC181858 core:NetGoodwill 2015-12-31 SC181858 core:IntangibleAssetsOtherThanGoodwill 2016-01-01 2016-12-31 SC181858 core:IntangibleAssetsOtherThanGoodwill 2016-12-31 SC181858 core:IntangibleAssetsOtherThanGoodwill 2015-01-01 2015-12-31 SC181858 core:IntangibleAssetsOtherThanGoodwill 2015-12-31

Company Registration Number:
SC181858 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 9

Profit and Loss Account

for the Period Ended 31 December 2016

	2016 £	2015 £
Administrative Expenses	(6,366)	(6,494)
Other operating income	17,200	22,701
Operating Profit or (Loss)	10,834	16,207
Interest Payable and Similar Charges	(7,765)	(6,252)
Profit or (Loss) Before Tax	3,069	9,955
Tax on Profit	(614)	(1,991)
Profit or (Loss) for Period	2,455	7,964

The notes form part of these financial statements

Balance sheet

As at 31 December 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible assets:	3	440,806	440,806
Total fixed assets:		440,806	440,806
Current assets
Debtors:	4	101,226	96,810
Cash at bank and in hand:		11	2,073
Total current assets:		101,237	98,883
Creditors: amounts falling due within one year:	5	( 61,599 )	( 40,825 )
Net current assets (liabilities):		39,638	58,058
Total assets less current liabilities:		480,444	498,864
Creditors: amounts falling due after more than one year:	6	( 193,140 )	( 213,425 )
Total net assets (liabilities):		287,304	285,439

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

	Notes	2016 £	2015 £
Capital and reserves
Called up share capital:		750	750
Revaluation reserve:	7	108,317	108,317
Profit and loss account:		178,237	176,372
Shareholders funds:		287,304	285,439

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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.

This report was approved by the board of directors on 24 July 2017
And Signed On Behalf Of The Board By:

Name: Gurmet Singh
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

Tangible fixed assets depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Dividends

	2016 £	2015 £
Dividends paid	590	0

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible assets

	Land & buildings	Total
Cost	£	£
At 01 January 2016	440,806	440,806
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2016	440,806	440,806
Depreciation
At 01 January 2016	0	0
Charge for year	-	-
On disposals	-	-
Other adjustments	-	-
At 31 December 2016	0	0
Net book value
At 31 December 2016	440,806	440,806
At 31 December 2015	440,806	440,806

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Debtors

	2016 £	2015 £
Other debtors	101,226	96,810
Total	101,226	96,810

Notes to the Financial Statements

for the Period Ended 31 December 2016

5.Creditors: amounts falling due within one year note

	2016 £	2015 £
Taxation and social security	3,974	3,360
Accruals and deferred income	494	494
Other creditors	57,131	36,971
Total	61,599	40,825

Notes to the Financial Statements

for the Period Ended 31 December 2016

6.Creditors: amounts falling due after more than one year

	2016 £	2015 £
Bank loans and overdrafts	193,140	213,425
Total	193,140	213,425

Notes to the Financial Statements

for the Period Ended 31 December 2016

7. Revaluation reserve

	2016 £
Balance at 01 January 2016	108,317
Surplus or deficit after revaluation	0
Balance at 31 December 2016	108,317

Director:		Gurmet Singh


Registered office:		74 Parkgrove Drive Edinburgh Midlothian EH4 7QF


Company Registration Number:		SC181858 (Scotland)

Accounts Submission