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REGISTERED NUMBER: 07374153 (England and Wales)















SLW PROPERTY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


SLW PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mrs S L Worth





REGISTERED OFFICE: The Spinney
Bailey's Lane
Holbeach Hurn
Spalding
Lincolnshire
PE12 8JP





REGISTERED NUMBER: 07374153 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,396 2,687
Investment property 5 815,000 815,000
817,396 817,687

CURRENT ASSETS
Debtors 6 33,691 31,640
Cash at bank 7,269 12,382
40,960 44,022
CREDITORS
Amounts falling due within one year 7 56,091 35,092
NET CURRENT (LIABILITIES)/ASSETS (15,131 ) 8,930
TOTAL ASSETS LESS CURRENT LIABILITIES 802,265 826,617

CREDITORS
Amounts falling due after more than one year 8 (580,541 ) (578,249 )

PROVISIONS FOR LIABILITIES (24,470 ) (25,142 )
NET ASSETS 197,254 223,226

CAPITAL AND RESERVES
Called up share capital 10 1 1
Other reserve 138,533 138,533
Retained earnings 58,720 84,692
SHAREHOLDERS' FUNDS 197,254 223,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 director and authorised for issue on 2 April 2025 and were signed by:





Mrs S L Worth - Director


SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

SLW Property Services 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.

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.

Revenue for management services and rents are recognised for the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment PropertyNil
Fixtures and Fittings10% Straight Line
Computer Equipment20% Straight Line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The director considers the values shown in the accounts to fairly reflect the current value of the company's investment property. Investment property is shown in the accounts at the latest valuation carried out by the director.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 8,336
Additions 396
At 30 September 2024 8,732
DEPRECIATION
At 1 October 2023 5,649
Charge for year 687
At 30 September 2024 6,336
NET BOOK VALUE
At 30 September 2024 2,396
At 30 September 2023 2,687

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 815,000
NET BOOK VALUE
At 30 September 2024 815,000
At 30 September 2023 815,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 815,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 651,997 651,997

Investment property was revalued on 30 September 2020 on a fair value basis by the director, having taken suitable professional opinion.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,594 20,967
Other debtors 4,097 10,673
33,691 31,640

SLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 07374153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,043 22,220
Taxation and social security 3,189 7,191
Other creditors 30,859 5,681
56,091 35,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 580,541 578,249

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 years
non-installment 580,541 578,249
580,541 578,249

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 580,541 578,249

Bank loans are made up of five mortgages which are secured against the property they relate to.

10. CALLED UP SHARE CAPITAL

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