SLERP LIMITED


Directors	HEBEL, Davor
	JONES, Daniel
	THEN, Jian-Peng Mark
	WILLS, Adam John


Registered Address	71 Fanshaw Street
	2nd Floor
	London
	N1 6LA


Registered Number	10222686 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		2,540		8,656
			2,540		8,656
Current assets
Debtors		115,889		364,579
Cash at bank and on hand		496,307		682,980
		612,196		1,047,559
Creditors amounts falling due within one year	5	(367,865)		(506,009)
Net current assets (liabilities)			244,331		541,550
Total assets less current liabilities			246,871		550,206
Creditors amounts falling due after one year	6		(3,497,337)		(2,010,618)
Net assets			(3,250,466)		(1,460,412)
Capital and reserves
Called up share capital			1,031,682		1,031,682
Share premium			7,147,383		7,147,383
Profit and loss account			(11,429,531)		(9,639,477)
Shareholders' funds			(3,250,466)		(1,460,412)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2025, and are signed on its behalf by:

THEN, Jian-Peng Mark
Director
Registered Company No. 10222686

SLERP LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The accounts have been prepared on a going concern basis which assumes that the company will be able to continue to meet its financial obligations for a period of at least 12 months from the date of this report. In deciding that this basis was appropriate, the director considered its cash flow forecasts and the likelihood of securing new investment if and as required.

	Revenue from sale of goods
	Revenue arises from commissions and service fees. Revenue from commissions is earned and recognised at the point of order fulfilment when all of the performance obligations are recognised. Revenue is measured at the fair value of the consideration received or receivable for services provided in the normal course of business and net of refund, discounts and sales taxes.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill on acquisitions of subsidiaries is included in ‘intangible assets’. Goodwill is carried at cost less accumulated amortisation and accumulated impairment losses. Goodwill amortisation is calculated by applying the straight-line method to its estimated useful life. Goodwill is being amortised to ‘administrative expenses’ over 3 years. Estimates of the useful economic life of goodwill are based on a variety of factors such as the expected use of the acquired business, the expected useful life of the cash generating units to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar businesses.

Intangible assets

Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill on acquisitions of subsidiaries is included in ‘intangible assets’. 

Goodwill is carried at cost less accumulated amortisation and accumulated impairment losses. Goodwill amortisation is calculated by applying the straight-line method to its estimated useful life. Goodwill is being amortised to ‘administrative expenses’ over 3 years.
Estimates of the useful economic life of goodwill are based on a variety of factors such as the expected use of the acquired business, the expected useful life of the cash generating units to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar businesses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Government grants or assistance
	Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		22

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 July 24	125,027	521,008	646,035
At 30 June 25	125,027	521,008	646,035
Amortisation and impairment
At 01 July 24	125,027	521,008	646,035
At 30 June 25	125,027	521,008	646,035
Net book value
At 30 June 25	-	-	-
At 30 June 24	-	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	78,782	78,782
Additions	3,159	3,159
At 30 June 25	81,941	81,941
Depreciation and impairment
At 01 July 24	70,126	70,126
Charge for year	9,275	9,275
At 30 June 25	79,401	79,401
Net book value
At 30 June 25	2,540	2,540
At 30 June 24	8,656	8,656

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	29,450	49,988
Bank borrowings and overdrafts	17,196	25,510
Taxation and social security	114,516	70,607
Other creditors	150,422	250,504
Accrued liabilities and deferred income	56,281	109,400
Total	367,865	506,009


	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.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,497,337	2,010,618
Total	3,497,337	2,010,618