IRIS Accounts Production v24.3.2.46 01573526 Board of Directors 1.8.23 31.7.24 31.7.24 true false true false false false Ordinary shares 1.00000 221 3332 30000 60950 30221 57397 221 Ordinary shares 1.00000 221 3332 30000 60950 30221 57397 221 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015735262023-07-31015735262024-07-31015735262023-08-012024-07-31015735262022-07-31015735262022-08-012023-07-31015735262023-07-3101573526ns15:EnglandWales2023-08-012024-07-3101573526ns14:PoundSterling2023-08-012024-07-3101573526ns10:Director12023-08-012024-07-3101573526ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3101573526ns10:SmallEntities2023-08-012024-07-3101573526ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3101573526ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3101573526ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3101573526ns10:FullAccounts2023-08-012024-07-3101573526ns10:OrdinaryShareClass12023-08-012024-07-3101573526ns10:Director2422023-07-3101573526ns10:Director2422022-07-3101573526ns10:Director2422023-08-012024-07-3101573526ns10:Director2422022-08-012023-07-3101573526ns10:Director2422023-07-3101573526ns10:Director22023-08-012024-07-3101573526ns10:CompanySecretary12023-08-012024-07-3101573526ns10:RegisteredOffice2023-08-012024-07-3101573526ns5:CurrentFinancialInstruments2024-07-3101573526ns5:CurrentFinancialInstruments2023-07-3101573526ns5:ShareCapital2024-07-3101573526ns5:ShareCapital2023-07-3101573526ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3101573526ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3101573526ns5:RetainedEarningsAccumulatedLosses2024-07-3101573526ns5:RetainedEarningsAccumulatedLosses2023-07-3101573526ns5:PlantMachinery2023-08-012024-07-3101573526ns5:ComputerEquipment2023-08-012024-07-3101573526ns5:LandBuildings2023-07-3101573526ns5:PlantMachinery2023-07-3101573526ns5:LandBuildings2023-08-012024-07-3101573526ns5:LandBuildings2024-07-3101573526ns5:PlantMachinery2024-07-3101573526ns5:LandBuildings2023-07-3101573526ns5:PlantMachinery2023-07-3101573526ns5:CostValuation2023-07-3101573526ns5:DisposalsRepaymentsInvestments2024-07-3101573526ns5:CostValuation2024-07-3101573526ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3101573526ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3101573526ns5:CurrentFinancialInstruments2023-08-012024-07-3101573526ns5:DeferredTaxation2023-07-3101573526ns5:DeferredTaxation2023-08-012024-07-3101573526ns5:DeferredTaxation2024-07-3101573526ns10:OrdinaryShareClass12024-07-3101573526ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31015735261ns10:Director12023-07-31015735261ns10:Director12022-07-31015735261ns10:Director12023-08-012024-07-31015735261ns10:Director12022-08-012023-07-31015735261ns10:Director12024-07-31015735261ns10:Director12023-07-31
REGISTERED NUMBER: 01573526 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

P. J. Slapp Limited

P. J. Slapp Limited (Registered number: 01573526)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


P. J. Slapp Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P J Slapp
R E Slapp





SECRETARY: R E Slapp





REGISTERED OFFICE: The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ





REGISTERED NUMBER: 01573526 (England and Wales)





ACCOUNTANTS: Knights Lowe
The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ

P. J. Slapp Limited (Registered number: 01573526)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,215,000 1,823,969
Investments 5 - 1
2,215,000 1,823,970

CURRENT ASSETS
Debtors 6 7,855 7,644
Cash at bank 1,537,159 1,457,367
1,545,014 1,465,011
CREDITORS
Amounts falling due within one year 7 37,094 15,579
NET CURRENT ASSETS 1,507,920 1,449,432
TOTAL ASSETS LESS CURRENT LIABILITIES 3,722,920 3,273,402

PROVISIONS FOR LIABILITIES 8 165,063 67,305
NET ASSETS 3,557,857 3,206,097

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 701,486 408,213
Retained earnings 2,856,271 2,797,784
SHAREHOLDERS' FUNDS 3,557,857 3,206,097

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

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

P. J. Slapp Limited (Registered number: 01573526)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





P J Slapp - Director


P. J. Slapp Limited (Registered number: 01573526)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

P. J. Slapp Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.



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.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 the profit and loss account.

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

P. J. Slapp Limited (Registered number: 01573526)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Other investments
Other investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 1,823,969 9,371 1,833,340
Revaluations 391,031 - 391,031
At 31 July 2024 2,215,000 9,371 2,224,371
DEPRECIATION
At 1 August 2023
and 31 July 2024 - 9,371 9,371
NET BOOK VALUE
At 31 July 2024 2,215,000 - 2,215,000
At 31 July 2023 1,823,969 - 1,823,969

The investment properties were valued by the directors at their open market value of £2,215,000 for the year ended 31st July 2024.

The historical cost of the investment properties is £1,348,075.

P. J. Slapp Limited (Registered number: 01573526)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 866,550 - 866,550
Cost 1,348,450 9,371 1,357,821
2,215,000 9,371 2,224,371

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023 1
Disposals (1 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,296 6,734
Other debtors 559 910
7,855 7,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 26,802 8,423
Other creditors 10,292 7,156
37,094 15,579

Other creditors includes £2,650 (2023 £nil) due to the directors.

P. J. Slapp Limited (Registered number: 01573526)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 165,063 67,305

Deferred
tax
£   
Balance at 1 August 2023 67,305
Provided during year 97,758
Balance at 31 July 2024 165,063

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023 408,213
Transfer 293,273

At 31 July 2024 701,486

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
P J Slapp and R E Slapp
Balance outstanding at start of year 221 (3,332 )
Amounts advanced 30,000 60,950
Amounts repaid (30,221 ) (57,397 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 221