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REGISTERED NUMBER: 09053905 (England and Wales)







Financial Statements for the Year Ended 31st July 2023

for

Slip Castle Limited

Slip Castle Limited (Registered number: 09053905)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Slip Castle Limited

Company Information
for the Year Ended 31st July 2023







DIRECTOR: Mrs C L Parker





SECRETARY: Mrs C L Parker





REGISTERED OFFICE: Newton Farm
Stoke Lacy
Bromyard
Herefordshire
HR7 4QY





REGISTERED NUMBER: 09053905 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Slip Castle Limited (Registered number: 09053905)

Abridged Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,250,000 1,045,401

CURRENT ASSETS
Debtors 2,941 1,619
Cash at bank 72,435 60,198
75,376 61,817
CREDITORS
Amounts falling due within one year 293,969 253,225
NET CURRENT LIABILITIES (218,593 ) (191,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,407

853,993

CREDITORS
Amounts falling due after more than one
year

5

(446,794

)

(474,881

)

PROVISIONS FOR LIABILITIES (30,242 ) -
NET ASSETS 554,371 379,112

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 7 174,357 -
Retained earnings 379,914 379,012
SHAREHOLDERS' FUNDS 554,371 379,112

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

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

The director acknowledges her 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.

Slip Castle Limited (Registered number: 09053905)

Abridged Balance Sheet - continued
31st July 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





Mrs C L Parker - Director


Slip Castle Limited (Registered number: 09053905)

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

1. STATUTORY INFORMATION

Slip Castle 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.

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022 1,045,401
Revaluations 204,599
At 31st July 2023 1,250,000
NET BOOK VALUE
At 31st July 2023 1,250,000
At 31st July 2022 1,045,401


Slip Castle Limited (Registered number: 09053905)

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

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 304,130 331,374

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 477,169 506,581

The company's bank loans are secured by way of a charge over the company's leasehold property known as Slip House, Waterside, Worcester , WR1 2AB.

7. RESERVES
Non-distributable
reserve
£   
Non distributable reserve 174,357

At 31st July 2023 174,357