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Registration number: 13635250

Slate Blue Investments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Slate Blue Investments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Slate Blue Investments Ltd

Company Information

Directors

Mr Christopher James Stevens

Mrs Penny Jane Stevens

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Slate Blue Investments Ltd

(Registration number: 13635250)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

345

-

Investment property

6

400,000

400,000

 

400,345

400,000

Current assets

 

Debtors

7

22,317

-

Cash at bank and in hand

 

5,400

19,371

 

27,717

19,371

Creditors: Amounts falling due within one year

8

(25,341)

-

Net current assets

 

2,376

19,371

Total assets less current liabilities

 

402,721

419,371

Creditors: Amounts falling due after more than one year

8

(427,080)

(425,397)

Provisions for liabilities

(1,900)

(1,900)

Net liabilities

 

(26,259)

(7,926)

Capital and reserves

 

Share premium reserve

1,000

1,000

Revaluation reserve

8,100

8,100

Retained earnings

(35,359)

(17,026)

Shareholders' deficit

 

(26,259)

(7,926)

For the financial year ending 30 September 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 year 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

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

 

Slate Blue Investments Ltd

(Registration number: 13635250)
Balance Sheet as at 30 September 2024 (continued)

.........................................
Mr Christopher James Stevens
Director

.........................................
Mrs Penny Jane Stevens
Director

 

Slate Blue Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the Board on 17 April 2025.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Slate Blue Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

115

-

 

Slate Blue Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

459

459

At 30 September 2024

459

459

Depreciation

Charge for the year

114

114

At 30 September 2024

114

114

Carrying amount

At 30 September 2024

345

345

6

Investment properties

2024
£

At 1 October

400,000

At 30 September

400,000

The fair value of the properties at 30 September 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £400,000 was arrived at by reference to the market evidence of transaction prices of similar properties in the locations that the properties are situated.

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2024
£

2023
£

Other debtors

22,317

-

 

22,317

-

 

Slate Blue Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

25,341

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

425,911

425,397

Other non-current financial liabilities

 

1,169

-

 

427,080

425,397

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

8,100

8,100

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

425,911

425,397