S L C GROUP HOLDINGS LIMITED
Registered number: 04426208
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 575,063 575,063
Current assets
Debtors 4 6,033 5,240
Cash at bank and in hand 21,130 6,065
27,163 11,305
Creditors: amounts falling due within one year 5 (7,639) (8,562)
Net current assets 19,524 2,743
Total assets less current liabilities 594,587 577,806
Creditors: amounts falling due after more than one year 6 (1,187,427) (1,187,427)
Net liabilities (592,840) (609,621)
Capital and reserves
Called up share capital 100 100
Profit and loss account (592,940) (609,721)
Shareholders' funds (592,840) (609,621)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K D Larner
Director
Approved by the board on 18 January 2024
S L C GROUP HOLDINGS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land NIL% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land
£
Cost
At 1 October 2022 575,063
At 30 September 2023 575,063
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 575,063
At 30 September 2022 575,063
4 Debtors 2023 2022
£ £
Other taxes and social security 6,033 5,240
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 36 6,986
Other creditors 7,603 1,576
7,639 8,562
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,187,427 1,187,427
7 Other information
S L C GROUP HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
HIGHBRIDGE ESTATES
HIGHBRIDGE ROAD
EASTLEIGH
HAMPSHIRE
SO50 6HS
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