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REGISTERED NUMBER: 03796541 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Slinfold Properties Limited

Slinfold Properties Limited (Registered number: 03796541)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Slinfold Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs I C Woodward
E E Woodward





REGISTERED OFFICE: Slaughter Bridge House Guildford Road
Broadbridge Heath
Horsham
RH12 3PN





REGISTERED NUMBER: 03796541 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Slinfold Properties Limited (Registered number: 03796541)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,099 10,361
Investment property 5 612,000 660,000
633,099 670,361

CURRENT ASSETS
Debtors 6 3,600 8,037
Cash at bank 51,631 38,605
55,231 46,642
CREDITORS
Amounts falling due within one year 7 86,655 111,474
NET CURRENT LIABILITIES (31,424 ) (64,832 )
TOTAL ASSETS LESS CURRENT LIABILITIES 601,675 605,529

CREDITORS
Amounts falling due after more than one year 8 (3,144 ) (7,044 )

PROVISIONS FOR LIABILITIES (69,822 ) (67,138 )
NET ASSETS 528,709 531,347

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 260,703 260,703
Retained earnings 268,004 270,642
528,709 531,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Slinfold Properties Limited (Registered number: 03796541)

Balance Sheet - continued
30 June 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 5 February 2024 and were signed on its behalf by:





E E Woodward - Director


Slinfold Properties Limited (Registered number: 03796541)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Slinfold 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 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.

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 2 (2022 - 2 ) .

Slinfold Properties Limited (Registered number: 03796541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 27,865
Additions 18,510
At 30 June 2023 46,375
DEPRECIATION
At 1 July 2022 17,504
Charge for year 7,772
At 30 June 2023 25,276
NET BOOK VALUE
At 30 June 2023 21,099
At 30 June 2022 10,361

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 660,000
Disposals (48,000 )
At 30 June 2023 612,000
NET BOOK VALUE
At 30 June 2023 612,000
At 30 June 2022 660,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2019 223,854
Cost 388,146
612,000

The investment properties are valued at their open market value by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,600 5,441
Other debtors - 2,596
3,600 8,037

Slinfold Properties Limited (Registered number: 03796541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 2,812 7,455
Taxation and social security 9,992 762
Other creditors 73,851 103,257
86,655 111,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 3,144 7,044

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 260,703