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COMPANY REGISTRATION NUMBER: 12378591
SLA Developments Pembs Ltd
Filleted Unaudited Financial Statements
31 December 2023
SLA Developments Pembs Ltd
Financial Statements
Year ended 31 December 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
SLA Developments Pembs Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
4
16,080
19,440
Cash at bank and in hand
348
358
--------
--------
16,428
19,798
Creditors: amounts falling due within one year
5
( 3,966)
( 3,644)
--------
--------
Net current assets
12,462
16,154
--------
--------
Total assets less current liabilities
12,462
16,154
Creditors: amounts falling due after more than one year
6
( 14,063)
( 17,188)
--------
--------
Net liabilities
( 1,601)
( 1,034)
--------
--------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 1,602)
( 1,035)
-------
-------
Shareholders deficit
( 1,601)
( 1,034)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
S L Absalom
Director
Company registration number: 12378591
SLA Developments Pembs Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Pill Green, Milford Haven, Pembrokeshire, SA73 2NJ.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2023
2022
£
£
Other debtors
16,080
19,440
--------
--------
Other debtors include an amount of £nil (2022 - £nil) falling due after more than one year.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,125
3,125
Trade creditors
255
Other creditors
841
264
-------
-------
3,966
3,644
-------
-------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,063
17,188
--------
--------
Included within creditors: amounts falling due after more than one year is an amount of £1,563 (2022: £4,688) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Related party transactions
The company was under the control of S L Absalom throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.