2023-04-01 2024-03-31 false Capium Accounts Production 1.1 07806737 bus:AbridgedAccounts 2023-04-01 2024-03-31 07806737 bus:FRS102 2023-04-01 2024-03-31 07806737 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07806737 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07806737 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07806737 2023-04-01 2024-03-31 07806737 2024-03-31 07806737 bus:RegisteredOffice 2023-04-01 2024-03-31 07806737 core:WithinOneYear 2024-03-31 07806737 core:AfterOneYear 2024-03-31 07806737 bus:Director1 2023-04-01 2024-03-31 07806737 bus:Director1 2024-03-31 07806737 bus:Director1 2022-04-01 2023-03-31 07806737 2022-04-01 07806737 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 07806737 2022-04-01 2023-03-31 07806737 2023-03-31 07806737 core:WithinOneYear 2023-03-31 07806737 core:AfterOneYear 2023-03-31 07806737 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 07806737 core:LandBuildings 2023-04-01 2024-03-31 07806737 core:LandBuildings 2024-03-31 07806737 core:LandBuildings 2023-03-31 07806737 core:PlantMachinery 2023-04-01 2024-03-31 07806737 core:PlantMachinery 2024-03-31 07806737 core:PlantMachinery 2023-03-31 07806737 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 07806737 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 07806737 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07806737 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07806737 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 07806737 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 07806737 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 07806737 core:Non-currentFinancialInstruments 2024-03-31 07806737 core:Non-currentFinancialInstruments 2023-03-31 07806737 core:ShareCapital 2024-03-31 07806737 core:ShareCapital 2023-03-31 07806737 core:SharePremium 2024-03-31 07806737 core:SharePremium 2023-03-31 07806737 core:RetainedEarningsAccumulatedLosses 2024-03-31 07806737 core:RetainedEarningsAccumulatedLosses 2023-03-31 07806737 dpl:Item1 2023-04-01 07806737 dpl:Item1 2024-03-31 07806737 dpl:Item1 2022-04-01 07806737 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 07806737
England and Wales

 

 

 

GLE SLOANE AVENUE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1    491 
Tangible fixed assets 4 63,456    9,763 
63,457    10,254 
Current assets      
Stocks 11,399    9,561 
Debtors 1,031,851    1,164,245 
Cash at bank and in hand 70,285    48,211 
1,113,535    1,222,017 
Creditors: amount falling due within one year (258,735)   (311,053)
Net current assets 854,800    910,964 
 
Total assets less current liabilities 918,257    921,218 
Creditors: amount falling due after more than one year (183,685)   (38,706)
Provisions for liabilities (15,432)   (1,792)
Net assets 719,140    880,720 
 

Capital and reserves
     
Called up share capital 2,100    2,100 
Share premium account 261,877    261,877 
Profit and loss account 455,163    616,743 
Shareholders' funds 719,140    880,720 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 November 2024 and were signed on its behalf by:


-------------------------------
Ms Yas Larizadeh
Director
1
General Information
GLE Sloane Avenue Limited is a private company, limited by shares, registered in England and Wales, registration number 07806737, registration address Flat 1, Old Ferry House, 5 Chelsea Embankment, London, SW3 4LF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The effects of Covid-19 pandemic followed by contractionary monetary policies aimed at reigning in spiralling inflation have adversely impacted the hospitality sector resulting in a reduction of customer numbers which may have a significant impact on the company's operating results. The directors considers this is a key uncertainty over which they have no control.

The director reviewed and assessed cash flow forecasts including sensitivity to trading and expenditure plans, and for the potential impact of uncertainties. It is difficult to estimate how long the impact will continue and when trading level will resume to normal level. Given the associated uncertainty within the forecast, the director is aware of certain material uncertainties which may cast a doubt on the companys ability to continue as a going concern.

In order to address its financing requirements, the director has put measures in place to manage the cash flows and thus the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.


The financial statements have been prepared on a going concern basis which assumes that the company will continue to meet its liabilities as they fall due.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.


When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.


Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.


The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.



Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.


Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.


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

Trademarks, patents and licenses                                     10% Straight line
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:


Leasehold land and buildings                                       10% Straight line  
Plant, machinery & computer equipment                      25% Straight Line
Fixtures and fittings                                                       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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have beenincurred in bringing the stocks to their present location and condition.


Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.


At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
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.


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.


2.

Average number of employees

Average number of employees during the year was 11 (2023 : 12).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 April 2023 4,908    4,908 
Additions  
Disposals  
At 31 March 2024 4,908    4,908 
Amortisation
At 01 April 2023 4,417    4,417 
Charge for year 490    490 
On disposals  
At 31 March 2024 4,907    4,907 
Net book values
At 31 March 2024   1 
At 31 March 2023 491    491 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 April 2023 76,964    111,093    188,057 
Additions   64,638    64,638 
Disposals    
At 31 March 2024 76,964    175,731    252,695 
Depreciation
At 01 April 2023 74,696    103,598    178,294 
Charge for year 810    10,135    10,945 
On disposals    
At 31 March 2024 75,506    113,733    189,239 
Net book values
Closing balance as at 31 March 2024 1,458    61,998    63,456 
Opening balance as at 01 April 2023 2,268    7,495    9,763 


5.

Restated 2023 comparatives

Bank loan for 2023 comparatives have been restated for less than and more than 1 year.
2