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Company No: 13636686 (England and Wales)

SLADE GROUP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 01 October 2022 to 29 September 2023
Pages for filing with the registrar

SLADE GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 01 October 2022 to 29 September 2023

Contents

SLADE GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 September 2023
SLADE GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 September 2023
29.09.2023 30.09.2022
£ £
Current assets
Debtors
- due within one year 3 137,769 9,032
- due after more than one year 3 150,000 157,262
Cash at bank and in hand 109,660 234,137
397,429 400,431
Creditors: amounts falling due within one year 4 ( 410,893) ( 402,270)
Net current liabilities (13,464) (1,839)
Total assets less current liabilities (13,464) (1,839)
Net liabilities ( 13,464) ( 1,839)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 13,466 ) ( 1,841 )
Total shareholders' deficit ( 13,464) ( 1,839)

For the financial period ending 29 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Slade Group Holdings Limited (registered number: 13636686) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

Jeffrey Mark Slade
Director
SLADE GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2022 to 29 September 2023
SLADE GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2022 to 29 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Slade Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lorams, Perkins Village, Exeter, EX5 2JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

During the year, the reporting period was shortened to 29 September 2023.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.10.2022 to
29.09.2023
Period from
22.09.2021 to
30.09.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 4 4

3. Debtors

29.09.2023 30.09.2022
£ £
Debtors: amounts falling due within one year
Amounts owed by directors 79,304 2
Other debtors 58,465 9,030
137,769 9,032
Debtors: amounts falling due after more than one year
Other debtors 150,000 157,262

4. Creditors: amounts falling due within one year

29.09.2023 30.09.2022
£ £
Accruals 2,690 1,800
Taxation and social security 8,203 470
Other creditors 400,000 400,000
410,893 402,270

5. Called-up share capital

29.09.2023 30.09.2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Transactions with the entity's directors

29.09.2023 30.09.2022
£ £
Owed by/(to) the director 79,304 2

The balance is repayable on demand and interest has been charge at the HMRC approved rate of 2.25%.