IRIS Accounts Production v23.3.1.45 01573526 Board of Directors 1.8.22 31.7.23 31.7.23 true false true false false true false Ordinary shares 1.00000 3332 161 60950 30000 57397 33171 221 3332 Ordinary shares 1.00000 3332 161 60950 30000 57397 33171 221 3332 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015735262022-07-31015735262023-07-31015735262022-08-012023-07-31015735262021-07-31015735262021-08-012022-07-31015735262022-07-3101573526ns10:Originalns15:EnglandWales2022-08-012023-07-3101573526ns14:PoundSterlingns10:Original2022-08-012023-07-3101573526ns10:Originalns10:Director12022-08-012023-07-3101573526ns10:Original2022-08-012023-07-3101573526ns10:Original2023-07-3101573526ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3101573526ns10:Originalns10:SmallEntities2022-08-012023-07-3101573526ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3101573526ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3101573526ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3101573526ns10:Originalns10:FullAccounts2022-08-012023-07-3101573526ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3101573526ns10:Original42ns10:Director22022-07-3101573526ns10:Original42ns10:Director22021-07-3101573526ns10:Original42ns10:Director22022-08-012023-07-3101573526ns10:Original42ns10:Director22021-08-012022-07-3101573526ns10:Original42ns10:Director22023-07-3101573526ns10:Original42ns10:Director22022-07-3101573526ns10:Originalns10:Director22022-08-012023-07-3101573526ns10:CompanySecretary1ns10:Original2022-08-012023-07-3101573526ns10:Originalns10:RegisteredOffice2022-08-012023-07-3101573526ns10:Original2022-07-3101573526ns10:Originalns5:CurrentFinancialInstruments2023-07-3101573526ns10:Originalns5:CurrentFinancialInstruments2022-07-3101573526ns5:ShareCapitalns10:Original2023-07-3101573526ns5:ShareCapitalns10:Original2022-07-3101573526ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3101573526ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3101573526ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3101573526ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3101573526ns10:Originalns5:PlantMachinery2022-08-012023-07-3101573526ns10:Originalns5:ComputerEquipment2022-08-012023-07-3101573526ns10:Original2021-08-012022-07-3101573526ns10:Originalns5:LandBuildings2022-07-3101573526ns10:Originalns5:PlantMachinery2022-07-3101573526ns10:Original2022-07-3101573526ns10:Originalns5:LandBuildings2023-07-3101573526ns10:Originalns5:PlantMachinery2023-07-3101573526ns10:Originalns5:LandBuildings2022-07-3101573526ns10:Originalns5:PlantMachinery2022-07-3101573526ns10:Originalns5:CostValuation2022-07-3101573526ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3101573526ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3101573526ns10:Originalns5:DeferredTaxation2022-07-3101573526ns10:Originalns5:DeferredTaxation2023-07-3101573526ns10:Originalns10:OrdinaryShareClass12023-07-3101573526ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3101573526ns10:Original1ns10:Director12022-07-3101573526ns10:Original1ns10:Director12021-07-3101573526ns10:Original1ns10:Director12022-08-012023-07-3101573526ns10:Original1ns10:Director12021-08-012022-07-3101573526ns10:Original1ns10:Director12023-07-3101573526ns10:Original1ns10:Director12022-07-31
REGISTERED NUMBER: 01573526 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

P. J. Slapp Limited

P. J. Slapp Limited (Registered number: 01573526)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


P. J. Slapp Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P J Slapp
R E Slapp





SECRETARY: R E Slapp





REGISTERED OFFICE: The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG





REGISTERED NUMBER: 01573526 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG

P. J. Slapp Limited (Registered number: 01573526)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,823,969 1,823,969
Investments 5 1 1
1,823,970 1,823,970

CURRENT ASSETS
Debtors 6 7,644 16,106
Cash at bank 1,457,367 1,449,297
1,465,011 1,465,403
CREDITORS
Amounts falling due within one year 7 15,579 9,960
NET CURRENT ASSETS 1,449,432 1,455,443
TOTAL ASSETS LESS CURRENT LIABILITIES 3,273,402 3,279,413

PROVISIONS FOR LIABILITIES 8 67,305 67,305
NET ASSETS 3,206,097 3,212,108

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 408,213 408,213
Retained earnings 2,797,784 2,803,795
SHAREHOLDERS' FUNDS 3,206,097 3,212,108

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.

P. J. Slapp Limited (Registered number: 01573526)

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 12 February 2024 and were signed on its behalf by:





P J Slapp - Director


P. J. Slapp Limited (Registered number: 01573526)

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

1. STATUTORY INFORMATION

P. J. Slapp 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.

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


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.



Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account.

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.


P. J. Slapp Limited (Registered number: 01573526)

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

2. ACCOUNTING POLICIES - continued
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.

Investment properties
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Other investments
Other investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 1,823,969 9,371 1,833,340
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 9,371 9,371
NET BOOK VALUE
At 31 July 2023 1,823,969 - 1,823,969
At 31 July 2022 1,823,969 - 1,823,969

P. J. Slapp Limited (Registered number: 01573526)

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

4. TANGIBLE FIXED ASSETS - continued

The investment properties were valued by the directors at their open market value of £1,823,969 for the year ended 31st July 2023.

The historical cost of the investment properties is £1,348,075.

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 475,519 - 475,519
Cost 1,348,450 9,371 1,357,821
1,823,969 9,371 1,833,340

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

Cost or valuation at 31 July 2023 is represented by:

Shares in
group
undertakings
£   
Cost 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,734 5,507
Other debtors 910 10,599
7,644 16,106

P. J. Slapp Limited (Registered number: 01573526)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors includes £nil (2022 - £10,000) due from a related party.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 150
Taxation and social security 8,423 -
Other creditors 7,156 9,810
15,579 9,960

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 67,305 67,305

Deferred
tax
£   
Balance at 1 August 2022 67,305
Balance at 31 July 2023 67,305

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 408,213

P. J. Slapp Limited (Registered number: 01573526)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
P J Slapp and R E Slapp
Balance outstanding at start of year (3,332 ) (161 )
Amounts advanced 60,950 30,000
Amounts repaid (57,397 ) (33,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 221 (3,332 )