REGISTERED NUMBER: 04425405 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sloane Developments Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr Paulus Fillippus Venter

Mr Pieter-Schalk Krugel

Mr Noel Flannan O'Keeffe

SECRETARY:

Mr Noel Flannan O'Keeffe

REGISTERED OFFICE:

Salisbury House

London Wall

London

EC2M 5PS

REGISTERED NUMBER:

04425405 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

COMMENCEMENT OF TRADING

The company was incorporated on 26 April 2002 and obtained its certificate to commence business on the same day.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of investment holding.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr Paulus Fillippus Venter

Mr Pieter-Schalk Krugel

Mr Noel Flannan O'Keeffe

Other changes in directors holding office are as follows:

Mr Louis Lodewyk Coetzee - resigned 21 November 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr Pieter-Schalk Krugel - Director

19 September 2025

TURNOVER

-

-

Administrative expenses

78,030

1,505,586

OPERATING LOSS and

LOSS BEFORE TAXATION

(78,030

)

(1,505,586

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(78,030

)

(1,505,586

)

FIXED ASSETS

Investments

4

2,778,549

3,014,572

CURRENT ASSETS

Debtors

5

421

-

Cash at bank

7

25

428

25

CREDITORS

Amounts falling due within one year

6

879,676

871,193

NET CURRENT LIABILITIES

(879,248

)

(871,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,899,301

2,143,404

CAPITAL AND RESERVES

Called up share capital

104,497

104,497

Share premium

627,471

627,471

Capital contributions

11,494,394

11,876,642

Retained earnings

(10,327,061

)

(10,465,206

)

1,899,301

2,143,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr Pieter-Schalk Krugel - Director

1.	STATUTORY INFORMATION

Sloane Developments 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Investments

in

subsidiaries

£

COST

At 1 January 2024

3,014,572

Additions

103,452

Disposals

(311,518

)

Impairments

(27,957

)

At 31 December 2024

2,778,549

NET BOOK VALUE

At 31 December 2024

2,778,549

At 31 December 2023

3,014,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

421

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

3,840

11,290

Amounts owed to group undertakings

20,754

849,253

Other creditors

855,082

10,650

879,676

871,193