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REGISTERED NUMBER: 01076817 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Slowereyes Limited

Slowereyes Limited (Registered number: 01076817)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Slowereyes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S F Usher Smith





REGISTERED OFFICE: Lysways House
College Road
Lansdown
Bath
BA1 5RS





REGISTERED NUMBER: 01076817 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Slowereyes Limited (Registered number: 01076817)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,707 6,342
Investment property 5 933,000 933,000
937,707 939,342

CURRENT ASSETS
Debtors 6 1,510 1,510
Cash at bank 19,337 13,386
20,847 14,896
CREDITORS
Amounts falling due within one year 7 39,038 73,372
NET CURRENT LIABILITIES (18,191 ) (58,476 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,516

880,866

PROVISIONS FOR LIABILITIES 8 111,976 85,030
NET ASSETS 807,540 795,836

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 565,318 565,318
Retained earnings 241,222 229,518
SHAREHOLDERS' FUNDS 807,540 795,836

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 director acknowledges his 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.

Slowereyes Limited (Registered number: 01076817)

Balance Sheet - 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 director and authorised for issue on 3 March 2024 and were signed by:





S F Usher Smith - Director


Slowereyes Limited (Registered number: 01076817)

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

1. STATUTORY INFORMATION

Slowereyes 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.

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.
Fixtures and fittings - 25% on reducing balance

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.

Slowereyes Limited (Registered number: 01076817)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 27,984
DEPRECIATION
At 1 April 2022 21,642
Charge for year 1,635
At 31 March 2023 23,277
NET BOOK VALUE
At 31 March 2023 4,707
At 31 March 2022 6,342

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 933,000
NET BOOK VALUE
At 31 March 2023 933,000
At 31 March 2022 933,000

The director considers that the current valuation of the property in the accounts represents the fair value at the balance sheet date.

Slowereyes Limited (Registered number: 01076817)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,510 1,510

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 4,414
Taxation and social security 9,270 2,483
Other creditors 29,768 66,475
39,038 73,372

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 111,976 85,030

Deferred
tax
£   
Balance at 1 April 2022 85,030
Charge to Income Statement during year 26,946
Balance at 31 March 2023 111,976

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 565,318

Slowereyes Limited (Registered number: 01076817)

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

11. TRANSACTIONS WITH DIRECTORS

At the balance sheet date, the company owed Mr S Usher Smith, the director, £7,664 (2022 - £37,796). This was the maximum amount outstanding during the year. The loan is unsecured and interest free.