IRIS Accounts Production v23.3.0.418 10849597 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108495972022-07-31108495972023-07-31108495972022-08-012023-07-31108495972021-07-31108495972021-08-012022-07-31108495972022-07-3110849597ns10:Originalns15:EnglandWales2022-08-012023-07-3110849597ns14:PoundSterlingns10:Original2022-08-012023-07-3110849597ns10:Originalns10:Director12022-08-012023-07-3110849597ns10:Original2022-08-012023-07-3110849597ns10:Originalns10:Director22022-08-012023-07-3110849597ns10:Original2023-07-3110849597ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110849597ns10:Originalns10:SmallEntities2022-08-012023-07-3110849597ns10:Originalns10:AuditExemptWithAccountantsReport2022-08-012023-07-3110849597ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110849597ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3110849597ns10:Originalns10:FullAccounts2022-08-012023-07-3110849597ns10:Original2021-08-012022-07-3110849597ns10:Originalns10:RegisteredOffice2022-08-012023-07-3110849597ns10:Original2022-07-3110849597ns10:Originalns5:CurrentFinancialInstruments2023-07-3110849597ns10:Originalns5:CurrentFinancialInstruments2022-07-3110849597ns10:Originalns5:Non-currentFinancialInstruments2023-07-3110849597ns10:Originalns5:Non-currentFinancialInstruments2022-07-3110849597ns5:ShareCapitalns10:Original2023-07-3110849597ns5:ShareCapitalns10:Original2022-07-3110849597ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3110849597ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3110849597ns10:Originalns5:PlantMachinery2022-07-3110849597ns10:Originalns5:PlantMachinery2022-08-012023-07-3110849597ns10:Originalns5:PlantMachinery2023-07-3110849597ns10:Originalns5:PlantMachinery2022-07-3110849597ns10:Original2022-07-3110849597ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3110849597ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3110849597ns5:Securedns10:Original2023-07-3110849597ns5:Securedns10:Original2022-07-3110849597ns10:Original1ns10:Director12022-07-3110849597ns10:Original1ns10:Director12021-07-3110849597ns10:Original1ns10:Director12022-08-012023-07-3110849597ns10:Original1ns10:Director12021-08-012022-07-3110849597ns10:Original1ns10:Director12023-07-3110849597ns10:Original1ns10:Director12022-07-3110849597ns10:Originalns10:Director222022-07-3110849597ns10:Originalns10:Director222021-07-3110849597ns10:Originalns10:Director222022-08-012023-07-3110849597ns10:Originalns10:Director222021-08-012022-07-3110849597ns10:Originalns10:Director222023-07-3110849597ns10:Originalns10:Director222022-07-31
REGISTERED NUMBER: 10849597 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

SLRE PROPERTIES LIMITED

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SLRE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: S J Kelleher
L A Kelleher





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 10849597 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,853 4,464
Investment property 5 513,000 495,000
517,853 499,464

CURRENT ASSETS
Debtors 6 9,316 -
Cash at bank 4,709 4,272
14,025 4,272
CREDITORS
Amounts falling due within one year 7 204,887 174,740
NET CURRENT LIABILITIES (190,862 ) (170,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,991

328,996

CREDITORS
Amounts falling due after more than one
year

8

(268,800

)

(287,800

)

PROVISIONS FOR LIABILITIES (17,469 ) (13,975 )
NET ASSETS 40,722 27,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,622 27,121
SHAREHOLDERS' FUNDS 40,722 27,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

BALANCE SHEET - continued
31 JULY 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




L A Kelleher - Director



S J Kelleher - Director


SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

SLRE Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable after agents costs where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 5,952
Additions 2,007
At 31 July 2023 7,959
DEPRECIATION
At 1 August 2022 1,488
Charge for year 1,618
At 31 July 2023 3,106
NET BOOK VALUE
At 31 July 2023 4,853
At 31 July 2022 4,464

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 495,000
Revaluations 18,000
At 31 July 2023 513,000
NET BOOK VALUE
At 31 July 2023 513,000
At 31 July 2022 495,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2019 5,783
Valuation in 2020 10,000
Valuation in 2021 25,000
Valuation in 2022 28,305
Valuation in 2023 18,000
Cost 425,912
513,000

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 513,000 425,912

Investment property was valued on an open market basis basis on 13 September 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Directors' current accounts 9,316 -

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 203,753 172,699
Directors' current accounts - 1,081
Accrued expenses 1,134 960
204,887 174,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yrs non-inst 268,800 268,800
Directors' loan accounts - 19,000
268,800 287,800

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 268,800 268,800

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 268,800 268,800

There exists charges over the freehold properties by way of a mortgage provided by Paragon Bank.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
L A Kelleher
Balance outstanding at start of year (540 ) (219 )
Amounts advanced 5,198 349
Amounts repaid - (670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,658 (540 )

S J Kelleher
Balance outstanding at start of year (540 ) (219 )
Amounts advanced 5,198 349
Amounts repaid - (670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,658 (540 )

SLRE PROPERTIES LIMITED (REGISTERED NUMBER: 10849597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

11. RELATED PARTY DISCLOSURES

A director's current account exists, to which no terms are attached. As at the balance sheet date, the directors owed the company £9,316 (2022 the company owes the directors £1,081). The loan is interest free and there are no terms attached.

As at the balance sheet date an amount of £203,753 (2022 £172,699) is owed to Eat@... ours Limited, a company under common control. The loan is interest free and there are no terms attached.

12. GOING CONCERN

Although current liabilities exceed current assets, the company has the full support of the directors, the intention to trade as normal going forward and it is acknowledged that the majority of the current liabilities consists of loans owed to a company under the same control and ownership of SLRE Properties Limited. The accounts have therefore been prepared on the assumption that the company will continue to trade for more than 12 months.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SLRE PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SLRE Properties Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SLRE Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SLRE Properties Limited and state those matters that we have agreed to state to the Board of Directors of SLRE Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SLRE Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SLRE Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SLRE Properties Limited. You consider that SLRE Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SLRE Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


24 October 2023