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REGISTERED NUMBER: 11655091 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

SLS Advisory Ltd

SLS Advisory Ltd (Registered number: 11655091)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SLS Advisory Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Tolhurst
S Y Tolhurst
C R Tolhurst





SECRETARY: S Y Tolhurst





REGISTERED OFFICE: Abbotsmead
38B Abbotswood
Guildford
Surrey
GU1 1UZ





REGISTERED NUMBER: 11655091 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

SLS Advisory Ltd (Registered number: 11655091)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 2,942 1,368
Investments 6 524,680 542,177
527,622 543,545

CURRENT ASSETS
Debtors 7 26,159 65,769
Cash at bank 191,745 116,087
217,904 181,856
CREDITORS
Amounts falling due within one year 8 (25,128 ) (43,099 )
NET CURRENT ASSETS 192,776 138,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,398

682,302

CAPITAL AND RESERVES
Called up share capital 400 400
Fair value reserve - 12,395
Retained earnings 719,998 669,507
720,398 682,302

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SLS Advisory Ltd (Registered number: 11655091)

Statement of Financial Position - continued
31 March 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 20 November 2023 and were signed on its behalf by:





P Tolhurst - Director


SLS Advisory Ltd (Registered number: 11655091)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SLS Advisory Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SLS Advisory Ltd (Registered number: 11655091)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Investments
Listed investments are initially measure at cost and subsequently measured at fair value based on the mid-market price quoted on the relevant stock exchange. Changes in fair value are recognised in profit or loss.

Investments (neither listed nor unlisted) are initially measured at cost and subsequently measured at fair value. Impairment losses are recognised in profit or loss for the excess of the carrying value of the asset over the present value of the future cash flows discounted using the original effective interest rate.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
Cost
At 1 April 2022 3,195
Additions 2,324
At 31 March 2023 5,519
Depreciation
At 1 April 2022 1,827
Charge for year 750
At 31 March 2023 2,577
Net book value
At 31 March 2023 2,942
At 31 March 2022 1,368

6. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
Cost or valuation
At 1 April 2022 419,566 122,611 542,177
Additions 145,356 - 145,356
Disposals (145,869 ) - (145,869 )
Revaluations (16,984 ) - (16,984 )
At 31 March 2023 402,069 122,611 524,680
Net book value
At 31 March 2023 402,069 122,611 524,680
At 31 March 2022 419,566 122,611 542,177


SLS Advisory Ltd (Registered number: 11655091)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 26,159 65,769

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Taxation and social security 22,715 40,760
Other creditors 2,413 2,339
25,128 43,099

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
P Tolhurst
Balance outstanding at start of year 34 29
Amounts advanced 6,924 3,123
Amounts repaid (6,405 ) (3,118 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 553 34