Company registration number 01536724 (England and Wales)
SLADEHOME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SLADEHOME LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SLADEHOME LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Investments
5
3,544
3,544
Cash at bank and in hand
50
129
3,594
3,673
Creditors: amounts falling due within one year
6
(54,667)
(52,923)
Net current liabilities
(51,073)
(49,250)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(51,075)
(49,252)
Total equity
(51,073)
(49,250)

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 November 2024 and are signed on its behalf by:
R L Nead
Director
Company registration number 01536724 (England and Wales)
SLADEHOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Sladehome Limited is a private company limited by shares incorporated in England and Wales. The registered office is Quadrant House - Floor 6, 4 Thomas More Square, London, E1W 1YW.

1.1
Accounting convention

The financial statements are prepared under the historical cost convention, and in accordance with applicable accounting standards.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
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 current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SLADEHOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

SLADEHOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 and 31 December 2023
1,970
Depreciation and impairment
At 1 January 2023 and 31 December 2023
1,970
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
4
Financial instruments
2023
2022
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
3,544
3,544
5
Current asset investments
2023
2022
£
£
Other investments
3,544
3,544
SLADEHOME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,440
-
0
Other creditors
53,227
52,923
54,667
52,923

Included within other creditors is a Director's loan of £51,207 (2021: £48,611) owed to Mr R L Nead. The movement in the year represents the settlement of costs on behalf of the Company by the Director.

2023-12-312023-01-01falsefalsefalse11 November 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityR L NeadJ B NeadJ B Nead015367242023-01-012023-12-31015367242023-12-31015367242022-12-3101536724core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3101536724core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3101536724core:CurrentFinancialInstruments2023-12-3101536724core:CurrentFinancialInstruments2022-12-3101536724core:ShareCapital2023-12-3101536724core:ShareCapital2022-12-3101536724core:RetainedEarningsAccumulatedLosses2023-12-3101536724core:RetainedEarningsAccumulatedLosses2022-12-3101536724bus:Director12023-01-012023-12-3101536724core:FurnitureFittings2023-01-012023-12-31015367242022-01-012022-12-3101536724core:OtherPropertyPlantEquipment2022-12-3101536724core:OtherPropertyPlantEquipment2023-12-3101536724core:OtherPropertyPlantEquipment2022-12-3101536724bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101536724bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101536724bus:FRS1022023-01-012023-12-3101536724bus:AuditExemptWithAccountantsReport2023-01-012023-12-3101536724bus:Director22023-01-012023-12-3101536724bus:CompanySecretary12023-01-012023-12-3101536724bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP