REGISTERED NUMBER: 10273868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SLGC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S E Clark

L B Forbes

C J Forbes

G M Lalayiannis

REGISTERED OFFICE:

30 Stackpool Road

Bristol

BS3 1NQ

REGISTERED NUMBER:

10273868 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

5,115,079

4,559,850

Investment property

6

1,557,669

1,557,669

6,672,748

6,117,519

CURRENT ASSETS

Debtors

7

3,477,098

3,507,133

Cash at bank

2,179,976

2,113,611

5,657,074

5,620,744

CREDITORS

Amounts falling due within one year

8

103,018

281,060

NET CURRENT ASSETS

5,554,056

5,339,684

TOTAL ASSETS LESS CURRENT LIABILITIES

12,226,804

11,457,203

PROVISIONS FOR LIABILITIES

9

439,094

217,320

NET ASSETS

11,787,710

11,239,883

CAPITAL AND RESERVES

Called up share capital

10

2,430,336

2,430,336

Revaluation reserve

1,317,282

869,278

Retained earnings

8,040,092

7,940,269

SHAREHOLDERS' FUNDS

11,787,710

11,239,883

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S E Clark - Director

1.	STATUTORY INFORMATION

SLGC 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on 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.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

316

DEPRECIATION

At 1 January 2024

and 31 December 2024

316

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 January 2024

4,559,850

Additions

39,935

Disposals

(82,045

)

Revaluations

597,339

At 31 December 2024

5,115,079

NET BOOK VALUE

At 31 December 2024

5,115,079

At 31 December 2023

4,559,850

Cost or valuation at 31 December 2024 is represented by:

Other

investment

£

Valuation in 2020

1,608

Valuation in 2021

515,770

Valuation in 2022

(396,979

)

Valuation in 2023

439,451

Valuation in 2024

555,229

Cost

4,000,000

5,115,079

6.	INVESTMENT PROPERTY

The investment property is included at its most recent value and the directors believe this is an appropriate valuation for the year end.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

597,669

Cost

960,000

1,557,669

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

688,064

667,945

Directors' current accounts

2,787,113

2,836,999

Prepayments

1,921

2,189

3,477,098

3,507,133

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

64,381

242,428

Social security and other taxes

(289

)

1,174

VAT

770

266

Other creditors

964

-

Accruals and deferred income

33,942

33,942

Accrued expenses

3,250

3,250

103,018

281,060

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Other timing differences

439,094

217,320

Deferred

tax

£

Balance at 1 January 2024

217,320

Other timing differences

221,774

Balance at 31 December 2024

439,094

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2,430,336

Ordinary

£1

2,430,336

2,430,336

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S E Clark

Balance outstanding at start of year

1,368,354

1,243,855

Amounts advanced

27,382

125,499

Amounts repaid

(110,000

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,285,736

1,368,354

L B Forbes

Balance outstanding at start of year

474,434

466,028

Amounts advanced

11,185

9,406

Amounts repaid

(500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

485,119

474,434

G M Lalayiannis

Balance outstanding at start of year

587,210

576,577

Amounts advanced

13,368

11,633

Amounts repaid

(500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

600,078

587,210

C J Forbes

Balance outstanding at start of year

407,000

-

Amounts advanced

9,680

408,000

Amounts repaid

(500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

416,180

407,000