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REGISTERED NUMBER: 13056601 (England and Wales)















S.L.E Property Investments Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






S.L.E Property Investments Ltd (Registered number: 13056601)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S.L.E Property Investments Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Stout





REGISTERED OFFICE: 4 Pinewood Place
Dartford
DA2 7WQ





REGISTERED NUMBER: 13056601 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

S.L.E Property Investments Ltd (Registered number: 13056601)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 190,000 189,052

CURRENT ASSETS
Cash at bank 3,527 5,709

CREDITORS
Amounts falling due within one year 5 66,926 68,360
NET CURRENT LIABILITIES (63,399 ) (62,651 )
TOTAL ASSETS LESS CURRENT LIABILITIES 126,601 126,401

CREDITORS
Amounts falling due after more than one
year

6

(126,909

)

(126,909

)

PROVISIONS FOR LIABILITIES (826 ) (645 )
NET LIABILITIES (1,134 ) (1,153 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 3,519 2,752
Retained earnings (4,654 ) (3,906 )
(1,134 ) (1,153 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

S.L.E Property Investments Ltd (Registered number: 13056601)

Statement of Financial Position - continued
31 December 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 11 September 2024 and were signed by:





S Stout - Director


S.L.E Property Investments Ltd (Registered number: 13056601)

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

1. STATUTORY INFORMATION

S.L.E Property Investments Ltd 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.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net current liabilities. There are no material uncertainties of which the director is aware in making his assessment.

Other creditors include £65,487 owed the director who has indicated that repayment will only be sought when cash flow and profitability allow. Therefore, he considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the director is satisfied that the company has adequate resources to continue to operate for the foreseeable future and he continues to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover represents rents receivable.

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.

Financial instruments
Basic financial instruments that result in the recognition of financial assets and liabilities, such as trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties, are recognised at amortised cost, with changes 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

3. EMPLOYEES AND DIRECTORS

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

S.L.E Property Investments Ltd (Registered number: 13056601)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 189,052
Revaluations 948
At 31 December 2023 190,000
NET BOOK VALUE
At 31 December 2023 190,000
At 31 December 2022 189,052

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 190,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 66,926 68,360

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 126,909 126,909

Amounts falling due in more than five years:

Repayable otherwise than by instalments
in more than 5 years 126,909 126,909

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 126,909 126,909

The loans are secured by a fixed charge over the investment property.