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REGISTERED NUMBER: 00418850 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SLINTER MINING COMPANY LIMITED

SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)






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


SLINTER MINING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P C Gregory
L A Gregory





SECRETARY: Mrs H M Ward





REGISTERED OFFICE: 187 The Hill
Cromford
Matlock
Derbyshire
DE4 3QU





REGISTERED NUMBER: 00418850 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,029,409 4,919,485
Investments 5 563,174 563,174
Investment property 6 2,100,000 2,100,000
7,692,583 7,582,659

CURRENT ASSETS
Stocks 70,020 70,020
Debtors 7 3,680,329 3,204,848
Cash at bank and in hand 6,138 103,298
3,756,487 3,378,166
CREDITORS
Amounts falling due within one year 8 2,631,267 2,749,143
NET CURRENT ASSETS 1,125,220 629,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,817,803

8,211,682

CREDITORS
Amounts falling due after more than one
year

9

(1,879,115

)

(1,846,945

)

PROVISIONS FOR LIABILITIES (1,154,000 ) (1,012,000 )
NET ASSETS 5,784,688 5,352,737

CAPITAL AND RESERVES
Called up share capital 12 302 302
Retained earnings 13 5,784,386 5,352,435
SHAREHOLDERS' FUNDS 5,784,688 5,352,737

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.

SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





L A Gregory - Director


SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Slinter Mining Company Limited 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.

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - expected life in excess of 50 years
Plant and machinery - 15% reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 20% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Profit and Loss Account, 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.


SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 22 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 40,200 7,504,142 8,497 519,286 8,072,125
Additions - 1,726,388 - - 1,726,388
Disposals - (234,600 ) - - (234,600 )
At 30 September 2024 40,200 8,995,930 8,497 519,286 9,563,913
DEPRECIATION
At 1 October 2023 - 2,764,705 8,497 379,438 3,152,640
Charge for year - 847,355 - 27,970 875,325
Eliminated on disposal - 506,539 - - 506,539
At 30 September 2024 - 4,118,599 8,497 407,408 4,534,504
NET BOOK VALUE
At 30 September 2024 40,200 4,877,331 - 111,878 5,029,409
At 30 September 2023 40,200 4,739,437 - 139,848 4,919,485


SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 563,174
NET BOOK VALUE
At 30 September 2024 563,174
At 30 September 2023 563,174

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 2,100,000
NET BOOK VALUE
At 30 September 2024 2,100,000
At 30 September 2023 2,100,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,061,811 1,212,771
Amounts owed by group undertakings 2,509,265 1,914,759
Other debtors 109,253 77,318
3,680,329 3,204,848

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 123,477 24,120
Hire purchase contracts (see note 10) 1,088,857 1,257,237
Trade creditors 297,984 403,582
Taxation and social security 214,047 260,462
Other creditors 906,902 803,742
2,631,267 2,749,143

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 1,479,115 1,446,945
Other creditors 400,000 400,000
1,879,115 1,846,945

SLINTER MINING COMPANY LIMITED (REGISTERED NUMBER: 00418850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 1,088,857 1,257,237
Between one and five years 1,479,115 1,446,945
2,567,972 2,704,182

The company has future operating lease commitments of £3,400.

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,567,972 2,704,182

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
302 Ordinary £1 £1 302 302

13. RESERVES

Included in reserves are non-distributable reserves of £650,917 (2023 - £650,917).