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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
Page
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Slipper Rock Ltd Company Information for the year ended 31 January 2024
Director
Barry Clive
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
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Slipper Rock Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
574,306 
537,140 
Current assets
Debtors
2,353 
- 
Cash at bank and in hand
3,480 
3,565 
5,833 
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)
Capital and reserves
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
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Slipper Rock Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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:
Land & buildings
0%
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.
Financial instruments
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.
Taxation
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
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.
Presentation currency
The accounts are presented in £ sterling.
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Slipper Rock Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
537,140 
Additions
37,166 
At 31 January 2024
574,306 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
574,306 
At 31 January 2023
537,140 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,353 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
596,154 
546,031 
Other creditors
600 
600 
Loans from directors
18,000 
18,000 
Accruals
1,500 
825 
Deferred income
6,480 
- 
622,734 
565,456 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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