Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31Property rental2022-11-011false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12389214 2022-11-01 2023-10-31 12389214 2021-11-01 2022-10-31 12389214 2023-10-31 12389214 2022-10-31 12389214 c:Director1 2022-11-01 2023-10-31 12389214 d:Buildings 2022-11-01 2023-10-31 12389214 d:Buildings 2023-10-31 12389214 d:Buildings 2022-10-31 12389214 d:LandBuildings 2023-10-31 12389214 d:LandBuildings 2022-10-31 12389214 d:CurrentFinancialInstruments 2023-10-31 12389214 d:CurrentFinancialInstruments 2022-10-31 12389214 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12389214 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12389214 d:ShareCapital 2023-10-31 12389214 d:ShareCapital 2022-10-31 12389214 d:RetainedEarningsAccumulatedLosses 2023-10-31 12389214 d:RetainedEarningsAccumulatedLosses 2022-10-31 12389214 c:FRS102 2022-11-01 2023-10-31 12389214 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12389214 c:FullAccounts 2022-11-01 2023-10-31 12389214 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12389214 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12389214










SLRC LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SLRC LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SLRC LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SLRC Ltd for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of SLRC Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of SLRC Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SLRC Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that SLRC Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that SLRC Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of SLRC Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

30 July 2024
Page 1

 
SLRC LTD
REGISTERED NUMBER: 12389214

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
701,865
701,865

  
701,865
701,865

Current assets
  

Debtors: amounts falling due within one year
 5 
85,002
85,002

Cash at bank and in hand
 6 
92,475
51,879

  
177,477
136,881

Creditors: amounts falling due within one year
 7 
(800,258)
(799,494)

Net current liabilities
  
 
 
(622,781)
 
 
(662,613)

Total assets less current liabilities
  
79,084
39,252

  

Net assets
  
79,084
39,252


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
79,082
39,250

  
79,084
39,252


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.






Page 2

 
SLRC LTD
REGISTERED NUMBER: 12389214

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

Dr Nabil Choudhury
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
SLRC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

SLRC Ltd is a company domiciled in England and Wales, registration number 12389214.  The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
SLRC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Freehold property
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SLRC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
1
1


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 November 2022
701,865



At 31 October 2023

701,865






Net book value



At 31 October 2023
701,865



At 31 October 2022
701,865




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
701,865
701,865

701,865
701,865



5.


Debtors

2023
2022
£
£


Other debtors
85,002
85,002

85,002
85,002


Page 6

 
SLRC LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
92,475
51,879

92,475
51,879



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,343
9,299

Other creditors
789,475
788,275

Accruals and deferred income
1,440
1,920

800,258
799,494



8.


Related party transactions

At the balance sheet date, the amount of £788,275 (2022: £788,275) is included in other creditors due within one year.
At the balance sheet date, the company was owed £85,000 (2022: £85,000) by Relianze Group Ltd, a company in which Dr Nabil Choudhury is a shareholder. This amount is included in other debtors.
 


9.


Controlling party

Dr Nabil Choudhury is the ultimate controlling party.

Page 7