Company registration number 11290364 (England and Wales)
SLD (Hatherton) Ltd
Unaudited financial statements
For the year ended 30 April 2024
SLD (Hatherton) Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SLD (Hatherton) Ltd
Balance sheet
As at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,845,000
1,845,000
Current assets
Debtors
4
1,059
841
Cash at bank and in hand
131,746
92,236
132,805
93,077
Creditors: amounts falling due within one year
5
(1,799,025)
(1,797,259)
Net current liabilities
(1,666,220)
(1,704,182)
Total assets less current liabilities
178,780
140,818
Provisions for liabilities
(13,449)
(13,449)
Net assets
165,331
127,369
Capital and reserves
Called up share capital
6
2
2
Non-distributable profits reserve
7
40,347
40,347
Distributable profit and loss reserves
124,982
87,020
Total equity
165,331
127,369
SLD (Hatherton) Ltd
Balance sheet (continued)
As at 30 April 2024
30 April 2024
- 2 -
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 29 January 2025
Mrs S A Shufflebotham
Director
Company registration number 11290364 (England and Wales)
SLD (Hatherton) Ltd
Notes to the financial statements
For the year ended 30 April 2024
- 3 -
1
Accounting policies
Company information
SLD (Hatherton) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for rent and services provided in accordance with the company's ordinary activities.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
SLD (Hatherton) Ltd
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 May 2023 and 30 April 2024
1,845,000
The fair value of investment property was measured by the director as at 30 April 2024 on an open market value basis.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,059
841
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
11,136
9,457
Other creditors
1,787,889
1,787,802
1,799,025
1,797,259
Other creditors includes amounts due to the director of £799,672 (2023 - £868,132).
Other creditors also includes amounts due to Cheerbrook Food Limited, a company controlled by the director and shareholder, of £985,880 (2023 - £917,421).
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
SLD (Hatherton) Ltd
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 5 -
7
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
40,347
(181,203)
Non distributable profits in the year
-
221,550
At the end of the year
40,347
40,347