| SLOANES INVESTMENTS LIMITED |
| Registered number: |
11762078 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,900 |
|
|
5,456 |
| Investments |
5 |
|
|
4,950,000 |
|
|
4,950,000 |
|
|
|
|
4,952,900 |
|
|
4,955,456 |
|
| Current assets |
| Debtors |
6 |
|
34,676 |
|
|
89,091 |
| Cash at bank and in hand |
|
|
2,710 |
|
|
1,962 |
|
|
|
37,386 |
|
|
91,053 |
|
| Creditors: amounts falling due within one year |
7 |
|
(113,336) |
|
|
(118,265) |
|
| Net current liabilities |
|
|
|
(75,950) |
|
|
(27,212) |
|
| Total assets less current liabilities |
|
|
|
4,876,950 |
|
|
4,928,244 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(2,142,497) |
|
|
(2,143,940) |
|
| Provisions for liabilities |
| Deferred tax |
9 |
|
|
(299,583) |
|
|
(294,690) |
|
| Net assets |
|
|
|
2,434,870 |
|
|
2,489,614 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
10 |
|
|
1,400,000 |
|
|
1,400,000 |
| Profit and loss account |
|
|
|
1,034,770 |
|
|
1,089,514 |
|
| Shareholder's funds |
|
|
|
2,434,870 |
|
|
2,489,614 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Risto GOJKOVIC |
| Director |
| Approved by the board on 30 September 2025 |
|
| SLOANES INVESTMENTS LIMITED |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
| 1 |
General information |
|
Sloanes Investments Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 5 Hesper Mews,London, England, SW5 0HH and its registered number is 11762078. |
|
| 2 |
Accounting policies |
|
| 2.1 |
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
| 2.2 |
Going concern |
|
The financial statements have been prepared on a going concern basis. The company had net current liabilities of £75,950 (30 September 2023 - £27,212). The Director has reviewed the future prospects of the company and its future cash flows and is confident that the company has adequate resources to continue in operational existence for the foreseeable future.
In addition, the Director has indicated that he will continue to support the company for a period of at least 12 months from the signing of these financial statements. On this basis, the financial statements are prepared on a going concern basis. |
|
| 2.3 |
Revenue |
|
Turnover comprises rentals receivable by the company during the year. Rental revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. |
|
| 2.4 |
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
20% |
|
Straight Line Method |
|
Computer equipment |
33% |
|
Straight Line Method |
|
|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
|
| 2.5 |
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
| 2.6 |
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
| 2.7 |
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
| 2.8 |
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2.9 |
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
| 2.10 |
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Computer equipment |
|
Motor Vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2023 |
968 |
|
13,980 |
|
14,948 |
|
Additions |
534 |
|
- |
|
534 |
|
At 30 September 2024 |
1,502 |
|
13,980 |
|
15,482 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
638 |
|
8,854 |
|
9,492 |
|
Charge for the year |
294 |
|
2,796 |
|
3,090 |
|
At 30 September 2024 |
932 |
|
11,650 |
|
12,582 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
570 |
|
2,330 |
|
2,900 |
|
At 30 September 2023 |
330 |
|
5,126 |
|
5,456 |
|
|
|
|
|
|
|
|
|
|
The net book value of assets held under finance leases or hire purchase contracts included in the above is £2,330 (30 September 2023 - £5,126). |
|
|
| 5 |
Investments |
|
|
|
|
|
|
|
|
|
|
Freehold investment property |
| £ |
|
Cost |
|
At 1 October 2023 |
4,950,000 |
|
|
At 30 September 2024 |
4,950,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2023 |
3,550,000 |
|
At 30 September 2024 |
3,550,000 |
|
|
|
|
|
|
|
|
|
|
The 30 September 2023 valuation was made by the director on an open market value for existing use basis. |
|
|
| 6 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
34,676 |
|
89,091 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
1,942 |
|
2,328 |
|
Accruals and deferred income |
16,234 |
|
38,749 |
|
Other creditors |
95,160 |
|
77,188 |
|
|
|
|
|
|
113,336 |
|
118,265 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
2,142,497 |
|
2,142,000 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
1,940 |
|
|
|
|
|
|
2,142,497 |
|
2,143,940 |
|
|
|
|
|
|
|
|
|
| 9 |
Deferred taxation |
2024 |
|
2023 |
| £ |
£ |
|
As at 01 October 2023 |
294,690 |
|
287,609 |
|
Charged to profit or loss |
4,893 |
|
7,081 |
|
As at 30 September 2024 |
299,583 |
|
294,690 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Revaluation reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 October 2023 |
1,400,000 |
|
1,400,000 |
|
|
At 30 September 2024 |
1,400,000 |
|
1,400,000 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Controlling party |
|
|
The company was under the control of the director, Mr Risto Gojkovic, who is also the only shareholder who has ultimate control of the company. |
|
|
| 12 |
Other information |
|
|
SLOANES INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Hesper Mews |
|
London |
|
SW5 0HH |