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REGISTERED NUMBER: 13862922 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Slater Jennings Properties Limited

Slater Jennings Properties Limited (Registered number: 13862922)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Slater Jennings Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A M Slater
Mrs G L Jennings
S Jennings
Miss C Hewitt





REGISTERED OFFICE: 36a Market Street
New Mills
High Peak
SK22 4AA





REGISTERED NUMBER: 13862922 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Slater Jennings Properties Limited (Registered number: 13862922)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,837 88,592

CURRENT ASSETS
Debtors 5 244 4
Cash at bank 27,420 7,337
27,664 7,341
CREDITORS
Amounts falling due within one year 6 46,079 95,839
NET CURRENT LIABILITIES (18,415 ) (88,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,422

94

CREDITORS
Amounts falling due after more than one
year

7

(73,438

)

-

PROVISIONS FOR LIABILITIES (1,670 ) -
NET ASSETS 2,314 94

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 8 7,117 -
Retained earnings (4,807 ) 90
2,314 94

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Slater Jennings Properties Limited (Registered number: 13862922)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




A M Slater - Director



Mrs G L Jennings - Director


Slater Jennings Properties Limited (Registered number: 13862922)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Slater Jennings Properties 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Slater Jennings Properties Limited (Registered number: 13862922)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 79,055 9,225 1,245 89,525
Revaluations 15,945 (9,225 ) - 6,720
At 31 January 2024 95,000 - 1,245 96,245
DEPRECIATION
At 1 February 2023 - 804 129 933
Charge for year - 1,263 279 1,542
Revaluation adjustments - (2,067 ) - (2,067 )
At 31 January 2024 - - 408 408
NET BOOK VALUE
At 31 January 2024 95,000 - 837 95,837
At 31 January 2023 79,055 8,421 1,116 88,592

Cost or valuation at 31 January 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2023 15,945 (9,225 ) - 6,720
Cost 79,055 9,225 1,245 89,525
95,000 - 1,245 96,245

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 88,280 88,280
Aggregate depreciation 2,067 804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 4 4
Tax 240 -
244 4

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 8 240
Other creditors - 50,000
Directors' current accounts 45,000 45,000
Accrued expenses 1,071 599
46,079 95,839

Slater Jennings Properties Limited (Registered number: 13862922)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 73,438 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,438 -

8. RESERVES
Fair
value
reserve
£   
Revaluation 7,117

At 31 January 2024 7,117