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REGISTERED NUMBER: 12009764 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

SLM Percival Ltd

SLM Percival Ltd (Registered number: 12009764)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLM Percival Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S L M Arnold
J R Percival





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 12009764 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

SLM Percival Ltd (Registered number: 12009764)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,015,310 2,016,449

CURRENT ASSETS
Stocks 84,671 103,040
Debtors 5 13,370 17,644
Cash at bank 67,939 81,327
165,980 202,011
CREDITORS
Amounts falling due within one year 6 (249,185 ) (294,497 )
NET CURRENT LIABILITIES (83,205 ) (92,486 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,932,105

1,923,963

PROVISIONS FOR LIABILITIES (630 ) (630 )
NET ASSETS 1,931,475 1,923,333

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 1,390,924 1,390,924
Retained earnings 540,451 532,309
1,931,475 1,923,333

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 directors acknowledge their 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.

SLM Percival Ltd (Registered number: 12009764)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





S L M Arnold - Director


SLM Percival Ltd (Registered number: 12009764)

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

1. STATUTORY INFORMATION

SLM Percival Ltd 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.

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - includes land not being depreciated
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SLM Percival Ltd (Registered number: 12009764)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Government grants
Government Grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 2,001,365 26,135 432 2,027,932
Additions - 1,160 1,190 2,350
At 30 September 2024 2,001,365 27,295 1,622 2,030,282
DEPRECIATION
At 1 October 2023 - 11,092 391 11,483
Charge for year - 3,135 354 3,489
At 30 September 2024 - 14,227 745 14,972
NET BOOK VALUE
At 30 September 2024 2,001,365 13,068 877 2,015,310
At 30 September 2023 2,001,365 15,043 41 2,016,449

Cost or valuation at 30 September 2024 is represented by:

Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2020 1,390,924 - - 1,390,924
Cost 610,441 27,295 1,622 639,358
2,001,365 27,295 1,622 2,030,282

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 610,441 610,441

Value of land in freehold land and buildings 2,001,365 2,001,365

Freehold land and buildings were valued on an open market basis on 1 September 2020 by Wells McFarlane Chartered Surveyors .

SLM Percival Ltd (Registered number: 12009764)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 484
Other debtors 13,370 17,160
13,370 17,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 26,467 23,541
Other creditors 222,718 270,956
249,185 294,497

Other creditors includes accruals and deferred income of £2,600 (2023 - £2,350)