Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12311820 Mrs Laura Newton Mr Steven Newton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12311820 2023-11-30 12311820 2024-11-30 12311820 2023-12-01 2024-11-30 12311820 frs-core:CurrentFinancialInstruments 2024-11-30 12311820 frs-core:Non-currentFinancialInstruments 2024-11-30 12311820 frs-core:ComputerEquipment 2024-11-30 12311820 frs-core:ComputerEquipment 2023-12-01 2024-11-30 12311820 frs-core:ComputerEquipment 2023-11-30 12311820 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 12311820 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 12311820 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 12311820 frs-core:ShareCapital 2024-11-30 12311820 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12311820 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12311820 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12311820 frs-bus:SmallEntities 2023-12-01 2024-11-30 12311820 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12311820 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12311820 frs-bus:Director1 2023-12-01 2024-11-30 12311820 frs-bus:Director2 2023-12-01 2024-11-30 12311820 frs-countries:EnglandWales 2023-12-01 2024-11-30 12311820 2022-11-30 12311820 2023-11-30 12311820 2022-12-01 2023-11-30 12311820 frs-core:CurrentFinancialInstruments 2023-11-30 12311820 frs-core:Non-currentFinancialInstruments 2023-11-30 12311820 frs-core:ShareCapital 2023-11-30 12311820 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12311820
SLN Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12311820
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154,265 142,975
154,265 142,975
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 3,310 6,579
3,410 6,679
Creditors: Amounts Falling Due Within One Year 6 (75,161 ) (74,775 )
NET CURRENT ASSETS (LIABILITIES) (71,751 ) (68,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,514 74,879
Creditors: Amounts Falling Due After More Than One Year 7 (96,180 ) (96,180 )
NET LIABILITIES (13,666 ) (21,301 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (13,766 ) (21,401 )
SHAREHOLDERS' FUNDS (13,666) (21,301)
For the year ending 30 November 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 Steven Newton
Director
19/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
SLN Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12311820 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.4. 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:
Computer Equipment 25% Straight Line
2.5. Investment Properties
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.
Changes in fair value are recognised in the profit and loss account.
2.6. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 December 2023 142,975 - 142,975
Additions - 353 353
Revaluation 11,025 - 11,025
As at 30 November 2024 154,000 353 154,353
Depreciation
As at 1 December 2023 - - -
Provided during the period - 88 88
As at 30 November 2024 - 88 88
Net Book Value
As at 30 November 2024 154,000 265 154,265
As at 1 December 2023 142,975 - 142,975
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 75,161 74,775
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 96,180 96,180
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 25 years.
2024 2023
£ £
Bank loans and overdrafts 96,180 96,180
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3