Slaughter Properties Limited 10942842 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is letting and ownership of commercial property. Digita Accounts Production Advanced 6.30.9574.0 true true 10942842 2023-10-01 2024-09-30 10942842 2024-09-30 10942842 bus:OrdinaryShareClass1 2024-09-30 10942842 core:RetainedEarningsAccumulatedLosses 2024-09-30 10942842 core:ShareCapital 2024-09-30 10942842 core:CurrentFinancialInstruments 2024-09-30 10942842 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10942842 core:FurnitureFittings 2024-09-30 10942842 core:PlantMachinery 2024-09-30 10942842 bus:SmallEntities 2023-10-01 2024-09-30 10942842 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10942842 bus:FilletedAccounts 2023-10-01 2024-09-30 10942842 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10942842 bus:RegisteredOffice 2023-10-01 2024-09-30 10942842 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 10942842 bus:Director2 2023-10-01 2024-09-30 10942842 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10942842 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10942842 bus:Agent1 2023-10-01 2024-09-30 10942842 core:FurnitureFittings 2023-10-01 2024-09-30 10942842 core:PlantMachinery 2023-10-01 2024-09-30 10942842 core:OtherRelatedParties 2023-10-01 2024-09-30 10942842 countries:AllCountries 2023-10-01 2024-09-30 10942842 2023-09-30 10942842 core:FurnitureFittings 2023-09-30 10942842 core:PlantMachinery 2023-09-30 10942842 2022-10-01 2023-09-30 10942842 2023-09-30 10942842 bus:OrdinaryShareClass1 2023-09-30 10942842 core:RetainedEarningsAccumulatedLosses 2023-09-30 10942842 core:ShareCapital 2023-09-30 10942842 core:CurrentFinancialInstruments 2023-09-30 10942842 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10942842 core:FurnitureFittings 2023-09-30 10942842 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10942842

Slaughter Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Slaughter Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Slaughter Properties Limited

Company Information

Directors

L M Kennedy-Slaughter

S R Slaughter

Company secretary

L M Kennedy-Slaughter

Registered office

111/113 High Street
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered Accountants111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Slaughter Properties Limited

(Registration number: 10942842)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

14,687

Investment property

5

-

589,774

 

-

604,461

Current assets

 

Debtors

6

2,409

4,079

Cash at bank and in hand

 

30,019

6,741

 

32,428

10,820

Creditors: Amounts falling due within one year

7

(1,641)

(590,972)

Net current assets/(liabilities)

 

30,787

(580,152)

Net assets

 

30,787

24,309

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

30,687

24,209

Shareholders' funds

 

30,787

24,309

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 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 Profit and Loss Account.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
S R Slaughter
Director

 

Slaughter Properties Limited

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, UK.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

The principal place of business is:
5 Precision Way
Tything Road
Alcester
Warwickshire
B49 6FZ
United Kingdom

These financial statements were authorised for issue by the Board on 5 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

 

Slaughter Properties Limited

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

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 and fittings

15% straight line

Property improvements

15% 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.

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.

 

Slaughter Properties Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Slaughter Properties Limited

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

4

Tangible assets

Fixtures and fittings
£

Property improvements
£

Total
£

Cost or valuation

At 1 October 2023

34,803

44,903

79,706

Disposals

(34,803)

(44,903)

(79,706)

At 30 September 2024

-

-

-

Depreciation

At 1 October 2023

27,975

37,044

65,019

Charge for the year

2,434

2,806

5,240

Eliminated on disposal

(30,409)

(39,850)

(70,259)

At 30 September 2024

-

-

-

Carrying amount

At 30 September 2024

-

-

-

At 30 September 2023

6,828

7,859

14,687

5

Investment properties

2024
£

At 1 October

589,774

Disposals

(589,774)

At 30 September

-

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

2,400

Other debtors

2,409

1,679

 

2,409

4,079

 

Slaughter Properties Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

-

183,001

Trade creditors

 

-

1,249

Taxation and social security

 

108

6,556

Accruals and deferred income

 

1,200

153,180

Other creditors

 

333

246,986

 

1,641

590,972

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2023 - £183,001).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

183,001

 

Slaughter Properties Limited

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

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Contributions paid to money purchase schemes

-

150,046

During the year the number of directors who were receiving benefits and share incentives was as follows:

2024
No.

2023
No.

Accruing benefits under money purchase pension scheme

2

2

Summary of transactions with other related parties

Directors Pension Scheme In March 2024 the company's commercial property was sold to three pension schemes for £600,000. The directors are the beneficiaries of those schemes.