Silverfin false false 31/05/2024 01/06/2023 31/05/2024 D Anton 10/12/2020 Z Mahesh 10/12/2020 P Romain 10/12/2020 25 February 2025 The principal activity of the company continued to be that of letting and operating of own or leased estate. 13076233 2024-05-31 13076233 bus:Director1 2024-05-31 13076233 bus:Director2 2024-05-31 13076233 bus:Director3 2024-05-31 13076233 core:CurrentFinancialInstruments 2024-05-31 13076233 core:CurrentFinancialInstruments 2023-05-31 13076233 2023-05-31 13076233 core:ShareCapital 2024-05-31 13076233 core:ShareCapital 2023-05-31 13076233 core:RetainedEarningsAccumulatedLosses 2024-05-31 13076233 core:RetainedEarningsAccumulatedLosses 2023-05-31 13076233 bus:OrdinaryShareClass1 2024-05-31 13076233 2023-06-01 2024-05-31 13076233 bus:FilletedAccounts 2023-06-01 2024-05-31 13076233 bus:SmallEntities 2023-06-01 2024-05-31 13076233 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13076233 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13076233 bus:Director1 2023-06-01 2024-05-31 13076233 bus:Director2 2023-06-01 2024-05-31 13076233 bus:Director3 2023-06-01 2024-05-31 13076233 2022-06-01 2023-05-31 13076233 core:CurrentFinancialInstruments 2023-06-01 2024-05-31 13076233 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 13076233 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13076233 (England and Wales)

LAHPET SLINGSBY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

LAHPET SLINGSBY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

LAHPET SLINGSBY LIMITED

BALANCE SHEET

As at 31 May 2024
LAHPET SLINGSBY LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Current assets
Debtors 3 296,183 296,268
Cash at bank and in hand 7 14
296,190 296,282
Creditors: amounts falling due within one year 4 ( 5,365) ( 1,750)
Net current assets 290,825 294,532
Total assets less current liabilities 290,825 294,532
Net assets 290,825 294,532
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 290,824 294,531
Total shareholder's funds 290,825 294,532

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lahpet Slingsby Limited (registered number: 13076233) were approved and authorised for issue by the Board of Directors on 25 February 2025. They were signed on its behalf by:

D Anton
Director
LAHPET SLINGSBY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
LAHPET SLINGSBY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lahpet Slingsby Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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 creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 295,582 295,866
Other debtors 601 402
296,183 296,268

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,615 0
Other creditors 1,750 1,750
5,365 1,750

The directors consider that the carrying amount of trades payable approximates to their fair value.

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and not yet paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

At the year end the company was owed £295,582 (2023 - £295,868) by Lahpet Limited, a parent company, in respect of an interest free loan which is repayable on demand.