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REGISTERED NUMBER: SC615416 (Scotland)






























Financial Statements for the Year Ended 31 January 2024

for

SLLP251 Limited

SLLP251 Limited (Registered number: SC615416)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SLLP251 Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E S Anderson





SECRETARY: Stronachs Secretaries Limited





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC615416 (Scotland)






SLLP251 Limited (Registered number: SC615416)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 557,570 568,820
Investments 5 80 80
557,650 568,900

CURRENT ASSETS
Debtors 6 202,294 223,715
Cash at bank 5,538 5,476
207,832 229,191
CREDITORS
Amounts falling due within one year 7 937,184 915,538
NET CURRENT LIABILITIES (729,352 ) (686,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(171,702

)

(117,447

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (171,703 ) (117,448 )
SHAREHOLDERS' FUNDS (171,702 ) (117,447 )

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 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.

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 30 October 2024 and were signed by:





E S Anderson - Director


SLLP251 Limited (Registered number: SC615416)

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

1. STATUTORY INFORMATION

SLLP251 Limited is a private company, limited by shares , registered in Scotland. 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.

The company has reported a loss for the year of £54,255 (2023 £39,284) and the balance sheet shows net current liabilities of £729,352 (2023 £686,347) and total net liabilities of £171,702 (2022 £117,447 ).

These accounts are prepared on a going concern basis because of the continuing financial support provided by the director.

At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Revenue 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.
Freehold property - 2% on cost
Improvements to property - 2% on cost

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 1 (2023 - 1 ) .

SLLP251 Limited (Registered number: SC615416)

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST
At 1 February 2023 537,902 73,620 - 611,522
Additions - - 980 980
At 31 January 2024 537,902 73,620 980 612,502
DEPRECIATION
At 1 February 2023 41,230 1,472 - 42,702
Charge for year 10,758 1,472 - 12,230
At 31 January 2024 51,988 2,944 - 54,932
NET BOOK VALUE
At 31 January 2024 485,914 70,676 980 557,570
At 31 January 2023 496,672 72,148 - 568,820

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 80
NET BOOK VALUE
At 31 January 2024 80
At 31 January 2023 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 202,294 223,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 16,418 12,037
Taxation and social security 2,070 -
Other creditors 918,696 903,501
937,184 915,538