57 Sloane Avenue Limited
Annual Report and Unaudited Financial Statements
For the year ended 31 March 2025
Company Registration No. 04073901 (England and Wales)
57 Sloane Avenue Limited
Company Information
Directors
P. D. T. Willcox
M.E. Hodgson
Company number
04073901
Registered office
51 Moorgate
London
England
EC2R 6BH
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
57 Sloane Avenue Limited
Contents
Page
Directors' report
1
Accountants' report
2
Income statement
3
Statement of Financial Position
4
Notes to the financial statements
5 - 7
57 Sloane Avenue Limited
Directors' Report
For the year ended 31 March 2025
Page 1

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of property development following the acquisition of three residential properties from its parent undertaking, The Eggar Forrester Group Limited in September 2019.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

P. D. T. Willcox
M.E. Hodgson
Statement of directors' responsibilities

The directors are responsible for preparing the Directors' Report 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.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P. D. T. Willcox
Director
5 November 2025
57 Sloane Avenue Limited
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of 57 Sloane Avenue Limited for the year ended 31 March 2025
Page 2

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 57 Sloane Avenue Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 57 Sloane Avenue Limited, as a body, in accordance with the terms of our engagement letter dated 12 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of 57 Sloane Avenue Limited and state those matters that we have agreed to state to the Board of Directors of 57 Sloane Avenue Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 57 Sloane Avenue Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that 57 Sloane Avenue Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 57 Sloane Avenue Limited. You consider that 57 Sloane Avenue Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 57 Sloane Avenue Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Kingston Smith LLP
10 November 2025
Chartered Accountants
6th Floor
9 Appold Street
London
EC2A 2AP
57 Sloane Avenue Limited
Income statement
For the year ended 31 March 2025
Page 3
2025
2024
£
£
Turnover
184,115
197,945
Administrative expenses
(47,398)
(44,933)
Profit before taxation
136,717
153,012
Taxation
-
0
-
0
Profit for the financial year
136,717
153,012
57 Sloane Avenue Limited
Statement of Financial Position
As at 31 March 2025
Page 4
2025
2025
2024
2024
Notes
£
£
£
£
Current assets
Stock
4,180,857
4,180,857
Trade and other receivables
4
7,442
6,232
4,188,299
4,187,089
Payables: amounts falling due within one year
5
(3,397,487)
(3,532,994)
Net assets
790,812
654,095
Equity
Called up share capital
6
100
100
Retained earnings
790,712
653,995
Total equity
790,812
654,095

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These 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 5 November 2025 and are signed on its behalf by:
P. D. T. Willcox
Director
Company Registration No. 04073901
57 Sloane Avenue Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 5
1
Accounting policies
Company information

57 Sloane Avenue Limited is a private company limited by shares that is domiciled and incorporated in England and Wales. The registered office is 51 Moorgate, London, EC2R 6BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises property rental income, excluding VAT.

Property rental income is recognised in the period the property is let.

1.4
Inventories

Inventories represent properties held for development purposes with a view to sale and are stated at the lower of cost and market value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are recorded at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

57 Sloane Avenue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 6
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

There were no employees in the current or previous period employed by the company.

3
Directors' Emoluments
The directors received no remuneration in respect of their services to the company.
4
Trade and other receivables
2025
2024
Other debtors
7,442
6,232
5
Payables: amounts falling due within one year
2025
2024
£
£
Amounts due to group undertakings
3,390,237
3,518,794
Other creditors
7,250
14,200
3,397,487
3,532,994
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
100
100
7
Controlling party

The immediate controlling party is The Eggar Forrester Group Limited, a company registered in England and Wales. The ultimate controlling party is The Eggar Forrester Group Holdings Limited, a company registered in England and Wales. The registered address is 51 Moorgate, London, EC2R 6BH.

8
Events after the reporting date

Subsequent to the year end, the company sold the leasehold for one of the three residential properties it held in stock for proceeds of £1,462,500.

57 Sloane Avenue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 7
9
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 'Related party disclosures' not to disclose transactions with other group companies.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.200 P. D. T. Willcox M.E. Hodgson Statement on quality and completeness of information provided to auditors 0 Opinion of auditors on entity 04073901 2024-04-01 2025-03-31 04073901 bus:Director1 2024-04-01 2025-03-31 04073901 bus:Director2 2024-04-01 2025-03-31 04073901 2025-03-31 04073901 2023-04-01 2024-03-31 04073901 2024-03-31 04073901 core:CurrentFinancialInstruments 2025-03-31 04073901 core:CurrentFinancialInstruments 2024-03-31 04073901 core:Non-currentFinancialInstruments 2025-03-31 04073901 core:ShareCapital 2025-03-31 04073901 core:ShareCapital 2024-03-31 04073901 core:RetainedEarningsAccumulatedLosses 2025-03-31 04073901 core:RetainedEarningsAccumulatedLosses 2024-03-31 04073901 core:ShareCapitalOrdinaryShareClass1 2025-03-31 04073901 core:ShareCapitalOrdinaryShareClass1 2024-03-31 04073901 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04073901 bus:OrdinaryShareClass1 2025-03-31 04073901 bus:OrdinaryShareClass1 2024-03-31 04073901 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04073901 bus:FRS102 2024-04-01 2025-03-31 04073901 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04073901 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP