IRIS Accounts Production v24.2.0.383 08400846 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084008462023-02-28084008462024-02-29084008462023-03-012024-02-29084008462022-02-28084008462022-03-012023-02-28084008462023-02-2808400846ns15:EnglandWales2023-03-012024-02-2908400846ns14:PoundSterling2023-03-012024-02-2908400846ns10:Director12023-03-012024-02-2908400846ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908400846ns10:SmallEntities2023-03-012024-02-2908400846ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2908400846ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908400846ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908400846ns10:FullAccounts2023-03-012024-02-290840084612023-03-012024-02-2908400846ns10:OrdinaryShareClass12023-03-012024-02-2908400846ns10:RegisteredOffice2023-03-012024-02-2908400846ns5:CurrentFinancialInstruments2024-02-2908400846ns5:CurrentFinancialInstruments2023-02-2808400846ns5:Non-currentFinancialInstruments2024-02-2908400846ns5:Non-currentFinancialInstruments2023-02-2808400846ns5:ShareCapital2024-02-2908400846ns5:ShareCapital2023-02-2808400846ns5:RetainedEarningsAccumulatedLosses2024-02-2908400846ns5:RetainedEarningsAccumulatedLosses2023-02-2808400846ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908400846ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2908400846ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-012024-02-2908400846ns5:PlantMachinery2023-03-012024-02-2908400846ns5:MotorVehicles2023-03-012024-02-2908400846ns5:ComputerEquipment2023-03-012024-02-2908400846ns5:IntangibleAssetsOtherThanGoodwill2023-02-2808400846ns5:IntangibleAssetsOtherThanGoodwill2024-02-2908400846ns5:IntangibleAssetsOtherThanGoodwill2023-02-2808400846ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-2808400846ns5:PlantMachinery2023-02-2808400846ns5:MotorVehicles2023-02-2808400846ns5:ComputerEquipment2023-02-2808400846ns5:LandBuildingsns5:ShortLeaseholdAssets2024-02-2908400846ns5:PlantMachinery2024-02-2908400846ns5:MotorVehicles2024-02-2908400846ns5:ComputerEquipment2024-02-2908400846ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-2808400846ns5:PlantMachinery2023-02-2808400846ns5:MotorVehicles2023-02-2808400846ns5:ComputerEquipment2023-02-2808400846ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908400846ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2808400846ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2908400846ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2808400846ns10:OrdinaryShareClass12024-02-2908400846ns5:RetainedEarningsAccumulatedLosses2023-02-2808400846ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 08400846 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Slebech Park Estate Ltd

Slebech Park Estate Ltd (Registered number: 08400846)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Slebech Park Estate Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mohamad Raza Sharifi-Nia





REGISTERED OFFICE: Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ





REGISTERED NUMBER: 08400846 (England and Wales)





ACCOUNTANTS: Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Slebech Park Estate Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Slebech Park Estate Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Slebech Park Estate Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Slebech Park Estate Ltd and state those matters that we have agreed to state to the director of Slebech Park Estate Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Slebech Park Estate Ltd and its director for our work or for this report.

It is your duty to ensure that Slebech Park Estate Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Slebech Park Estate Ltd. You consider that Slebech Park Estate Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Slebech Park Estate Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ


27 November 2024

Slebech Park Estate Ltd (Registered number: 08400846)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 267,885 190,003
267,885 190,003

CURRENT ASSETS
Stocks 6 25,000 26,229
Debtors 7 783,015 680,211
Cash at bank and in hand 6,091 23,225
814,106 729,665
CREDITORS
Amounts falling due within one year 8 (2,874,041 ) (2,446,124 )
NET CURRENT LIABILITIES (2,059,935 ) (1,716,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,792,050

)

(1,526,456

)

CREDITORS
Amounts falling due after more than one year 9 (12,680 ) (22,612 )
NET LIABILITIES (1,804,730 ) (1,549,068 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 (1,804,731 ) (1,549,069 )
SHAREHOLDERS' FUNDS (1,804,730 ) (1,549,068 )

Slebech Park Estate Ltd (Registered number: 08400846)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 27 November 2024 and were signed by:





Mohamad Raza Sharifi-Nia - Director


Slebech Park Estate Ltd (Registered number: 08400846)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Slebech Park Estate Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sale of goods and services, excluding value added tax and net of trade discounts.

Revenue from the sale of food and beverages is recognised at the point of sale.

Revenue from room sales and other guest services is recognised when rooms are occupied and as services are provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Building - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of the cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first-in first-out basis. Net realisable value is based on the price at which the stock is sold or is expected to be sold after the year end.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Slebech Park Estate Ltd (Registered number: 08400846)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director believes that the foreseeable future of the business Directors have no plans to close any part of the business in the foreseeable future. The director has formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company will continue to be in existence for the foreseeable future with the financial support from its director/shareholder.

For the above reasons, the director continue to adopt the going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 25,000
AMORTISATION
At 1 March 2023
and 29 February 2024 25,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Computer
Plant and Motor & office
Building machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 468,914 126,095 6,525 57,608 659,142
Additions - 178,831 - - 178,831
At 29 February 2024 468,914 304,926 6,525 57,608 837,973
DEPRECIATION
At 1 March 2023 316,305 99,910 5,364 47,560 469,139
Charge for year 46,891 51,255 290 2,513 100,949
At 29 February 2024 363,196 151,165 5,654 50,073 570,088
NET BOOK VALUE
At 29 February 2024 105,718 153,761 871 7,535 267,885
At 28 February 2023 152,609 26,185 1,161 10,048 190,003

6. STOCKS
2024 2023
£    £   
Finished goods 25,000 26,229

Slebech Park Estate Ltd (Registered number: 08400846)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Traverse Ltd 406,641 406,641
VAT 30,486 -
Deferred tax asset 345,888 273,570
783,015 680,211

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,600 10,600
Deposit Ledger 159,531 63,827
Trade creditors 305,279 26,389
Amounts payable to related parties 393,105 393,105
Social security and other taxes 13,554 6,801
Pension Payable 2,637 2,804
Net wages control account (508 ) (1,660 )
VAT - 6,659
Directors' current accounts 1,983,340 1,929,576
Accrued expenses 6,503 8,023
2,874,041 2,446,124

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 12,680 22,612

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,600 10,600

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,680 22,612

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

Slebech Park Estate Ltd (Registered number: 08400846)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RESERVES
Retained
earnings
£   

At 1 March 2023 (1,549,069 )
Deficit for the year (255,662 )
At 29 February 2024 (1,804,731 )

13. RELATED PARTY DISCLOSURES

Balance payable to the director at the balance sheet date amounted to £1,983,340 (2023: £1,929,576 ). This is an interest free loan provided by the director to the company and is repayable on demand.

Balance payable to L'equipe Ltd a related company by virtue of common control is £265,000 (2023: £265,000).This is an interest free loan and is repayable on demand.

Balance payable to Organic Warehouse a related company by virtue of common control is £128,105 (2023: £128,105).This is an interest free loan and is repayable on demand.

Balance due from Traverse Ltd a related company by virtue of common control is £406,641 (2023: £406,641).This is an interest free loan.No rent charged by Traverse Ltd for the use of premises.