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Registered number: 10440141
Sleat Homes Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10440141
31 December 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,353,227 2,223,345
2,353,227 2,223,345
CURRENT ASSETS
Debtors 5 317,596 -
Cash at bank and in hand 5,956 7,156
323,552 7,156
Creditors: Amounts Falling Due Within One Year 6 (561,547 ) (410,133 )
NET CURRENT ASSETS (LIABILITIES) (237,995 ) (402,977 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,115,232 1,820,368
Creditors: Amounts Falling Due After More Than One Year 7 (1,550,232 ) (1,248,770 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,690 ) (5,690 )
NET ASSETS 559,310 565,908
CAPITAL AND RESERVES
Called up share capital 9 120 120
Share premium account 515,004 515,004
Fair value reserve 10 68,558 68,558
Profit and Loss Account (24,372 ) (17,774 )
SHAREHOLDERS' FUNDS 559,310 565,908
Page 1
Page 2
For the period ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ben Sleat
Director
10/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sleat Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10440141 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance basis
Computer Equipment 20% on reducing balance basis
2.4. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 2,219,470 6,251 2,225,721
Additions 417,882 3,391 421,273
Disposals (289,944 ) - (289,944 )
As at 31 December 2024 2,347,408 9,642 2,357,050
Depreciation
As at 1 November 2023 - 2,376 2,376
Provided during the period - 1,447 1,447
As at 31 December 2024 - 3,823 3,823
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 2,347,408 5,819 2,353,227
As at 1 November 2023 2,219,470 3,875 2,223,345
5. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Prepayments and accrued income 27,652 -
Other debtors 289,944 -
317,596 -
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 October 2023
£ £
Other creditors 107,499 107,500
CT61 creditor 300 -
Directors' loan accounts 453,748 302,633
561,547 410,133
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 October 2023
£ £
Bank loans 1,550,232 1,248,770
8. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2024 31 October 2023
£ £
Bank loans and overdrafts 1,550,232 1,248,770
9. Share Capital
31 December 2024 31 October 2023
Allotted, called up and fully paid £ £
20 Ordinary Shares of £ 1.000 each 20 20
4,925 Ordinary A shares of £ 0.010 each 49 49
4,925 Ordinary B shares of £ 0.010 each 49 49
160 Ordinary C shares of £ 0.010 each 2 2
120 120
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
As at 1 November 2023 68,558
As at 31 December 2024 68,558
11. Ultimate Controlling Party
There is no ultimate controlling party due to the structure of the company. 
Page 5