Company No:
Contents
Note | 29.09.2024 | 29.09.2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | ||||
- due within one year | 3 |
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- due after more than one year | 3 |
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Cash at bank and in hand |
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668,686 | 397,429 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (14,268) | (13,464) | ||
Total assets less current liabilities | (14,268) | (13,464) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Slade Group Holdings Limited (registered number:
Jeffrey Mark Slade
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Slade Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lorams, Perkins Village, Exeter, EX5 2JG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £14,045. The Company is supported through loans from the associated companies. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the associated companies will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Year ended 29.09.2024 |
Period from 01.10.2022 to 29.09.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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29.09.2024 | 29.09.2023 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Amounts owed by directors |
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Other debtors |
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Debtors: amounts falling due after more than one year | |||
Other debtors |
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29.09.2024 | 29.09.2023 | ||
£ | £ | ||
Accruals |
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Taxation and social security |
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Other creditors |
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29.09.2024 | 29.09.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with owners holding a participating interest in the entity
29.09.2024 | 29.09.2023 | ||
£ | £ | ||
Amounts owed to companies under common control | 672,319 | 400,000 | |
Amounts owed by companies under common control | 332 | 0 |
Transactions with the entity's directors
29.09.2024 | 29.09.2023 | ||
£ | £ | ||
Amounts owed by directors | 13,365 | 79,304 |
During the year the directors maintained a current account with the Company. Amounts advanced during the period totalled £Nil (2023: £79,000) and amounts repaid totalled £66,924 (2023: £Nil). Interest of £985 (2023: £302) was charged on the loan at the HMRC approved rate and there are no fixed repayment terms.