Company Registration No. 09408132 (England and Wales)
Slipper Rock Ltd
Unaudited accounts
for the year ended 31 January 2024
Slipper Rock Ltd
Unaudited accounts
Contents
Slipper Rock Ltd
Company Information
for the year ended 31 January 2024
Company Number
09408132 (England and Wales)
Registered Office
Slipper Rock
Burlawn
Wadebridge
Cornwall
PL27 7LD
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Slipper Rock Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
574,306
537,140
Cash at bank and in hand
3,480
3,565
Creditors: amounts falling due within one year
(622,734)
(565,456)
Net current liabilities
(616,901)
(561,891)
Net liabilities
(42,595)
(24,751)
Called up share capital
3
3
Profit and loss account
(42,598)
(24,754)
Shareholders' funds
(42,595)
(24,751)
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Barry Clive
Director
Company Registration No. 09408132
Slipper Rock Ltd
Notes to the Accounts
for the year ended 31 January 2024
Slipper Rock Ltd is a private company, limited by shares, registered in England and Wales, registration number 09408132. The registered office is Slipper Rock, Burlawn, Wadebridge, Cornwall, PL27 7LD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The accounts are presented in £ sterling.
Slipper Rock Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
At 1 February 2023
537,140
At 31 January 2024
574,306
At 31 January 2024
574,306
At 31 January 2023
537,140
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
596,154
546,031
Loans from directors
18,000
18,000
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).