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REGISTERED NUMBER: 08651310 (England and Wales)













SLEAPCROSS HOUSE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SLEAPCROSS HOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Y Karuthasami
Mrs H A Karuthasami





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 08651310 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,931 114,601

CURRENT ASSETS
Debtors 5 5,934 700
Cash at bank and in hand 3,100 30,496
9,034 31,196
CREDITORS
Amounts falling due within one year 6 75,653 66,169
NET CURRENT LIABILITIES (66,619 ) (34,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,312

79,628

CREDITORS
Amounts falling due after more than one
year

7

(87,071

)

(38,955

)

PROVISIONS FOR LIABILITIES (11,496 ) (2,324 )
NET ASSETS 3,745 38,349

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,735 38,339
SHAREHOLDERS' FUNDS 3,745 38,349

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




Y Karuthasami - Director



Mrs H A Karuthasami - Director


SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Sleapcross House 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 103,634 18,242 - 121,876
Additions 10,000 - 61,286 71,286
At 31 August 2024 113,634 18,242 61,286 193,162
DEPRECIATION
At 1 September 2023 - 7,275 - 7,275
Charge for year - 1,634 15,322 16,956
At 31 August 2024 - 8,909 15,322 24,231
NET BOOK VALUE
At 31 August 2024 113,634 9,333 45,964 168,931
At 31 August 2023 103,634 10,967 - 114,601

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 61,286
At 31 August 2024 61,286
DEPRECIATION
Charge for year 15,322
At 31 August 2024 15,322
NET BOOK VALUE
At 31 August 2024 45,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 700
Directors' current accounts 5,934 -
5,934 700

SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,158 6,000
Finance leases 7,799 -
Tax 38,811 44,323
Social security and other taxes 9,869 3,657
Other creditors 272 -
Directors' current accounts - 2,260
Sundry creditors and accruals 10,744 9,929
75,653 66,169

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,405 6,000
Bank loans - 2-5 years 31,633 23,500
Bank loans more 5 yr by instal 3,573 9,455
Finance leases 43,460 -
87,071 38,955

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,573 9,455

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Y Karuthasami
Balance outstanding at start of year - -
Amounts advanced 2,967 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,967 -

Mrs H A Karuthasami
Balance outstanding at start of year - -
Amounts advanced 2,967 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,967 -

SLEAPCROSS HOUSE LTD (REGISTERED NUMBER: 08651310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. RELATED PARTY DISCLOSURES

Mr and Mrs Karuthasami are directors and shareholders of the company. During the year the company paid rent of £71,516 (2023 - £60,005) for a property of which they own.