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Registration number: 15338030

SLB Investment Holdings Ltd

Unaudited Filleted Financial Statements

for the Period from 9 December 2023 to 31 December 2024

 

SLB Investment Holdings Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

SLB Investment Holdings Ltd

(Registration number: 15338030)
Statement of Financial Position as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

2,690

Investments

5

300

 

2,990

Current assets

 

Debtors

6

1,202

Cash at bank and in hand

 

5,314

 

6,516

Creditors: Amounts falling due within one year

7

(16,916)

Net current liabilities

 

(10,400)

Net liabilities

 

(7,410)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(7,510)

Shareholders' deficit

 

(7,410)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 


Serge Bitton
Director

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham-on-Sea
Somerset
TA8 1EF
United Kingdom

Principal activity

The principal activity of the company is holding company.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

Due to the company having made a loss of £7,510 and having a negative balance sheet of £7,410 in the period it relies on the continued support of the directors. The directors believe that the company will reach profitability, and for this reason, the accounts have been prepared on a going concern basis.

Exemption from preparing group accounts

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption under Section 399 of the Companies Act 2006 not to prepare consolidated accounts. These financial statements therefore present information about the company as an individual entity and not about its group.

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024 (continued)

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

3,580

3,580

At 31 December 2024

3,580

3,580

Depreciation

Charge for the period

890

890

At 31 December 2024

890

890

Carrying amount

At 31 December 2024

2,690

2,690

5

Investments

2024
£

Investments in subsidiaries

300

Subsidiaries

£

Cost or valuation

Additions

300

Provision

Carrying amount

At 31 December 2024

300

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024 (continued)

5

Investments (continued)

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Gorilla Vapes Bridgwater Ltd

80 Oxford Street, Burnham-on-Sea, Somerset, TA8 1EF

England and Wales

100 Ordinary Shares

100%

Gorrilla Vapes Burnham Ltd

80 Oxford Street, Burnham-on-Sea, Somerset, TA8 1EF

England and Wales

100 Ordinary Shares

100%

Mrs Gorilla Vapes Ltd

80 Oxford Street, Burnham-on-Sea, Somerset, TA8 1EF

England and Wales

100 Ordinary Shares

100%

Subsidiary undertakings

Gorilla Vapes Bridgwater Ltd

The principal activity of Gorilla Vapes Bridgwater Ltd is retail. The profit for the financial period was £149,049 and the aggregate amount of capital and reserves at the end of the period was £149,149.

Gorrilla Vapes Burnham Ltd

The principal activity of Gorrilla Vapes Burnham Ltd is retail. The profit for the financial period was £167,964 and the aggregate amount of capital and reserves at the end of the period was £168,064.

Mrs Gorilla Vapes Ltd

The principal activity of Mrs Gorilla Vapes Ltd is retail. The profit for the financial period was £92,454 and the aggregate amount of capital and reserves at the end of the period was £92,554.

6

Debtors

Note

2024
£

Amounts owed by related parties

9

1,202

 

1,202

 

SLB Investment Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

4,375

Accruals and deferred income

2,775

Other creditors

9,766

16,916

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Related party transactions

Transactions with directors

2024

At 9 December 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Directors' loan account

-

533,790

(543,551)

(9,761)

         
       

 

Summary of transactions with all entities with joint control or significant interest

At the balance sheet date, the company owed £37,893 to its subsidiary, Gorilla Vapes Bridgwater Ltd, company incorporated in England and Wales.

At the balance sheet date, the company owed £137,848 to its subsidiary, Gorilla Vapes Burnham Ltd, a company incorporated in England and Wales.

At the balance sheet date, the company owed £21,461 to it subsidiary, Mrs Gorilla Vapes Ltd, a company incorporated in England and Wales.

At the balance sheet date, the company was owed £198,404 by a company under common control, Gorilla Vapes Distro Ltd, a company incorporated in England and Wales.

All loans are interest free and repayable on demand.