Registration number:
Slark Invest Limited
for the Year Ended 31 December 2024
Slark Invest Limited
(Registration number: 12375021)
Balance Sheet as at 31 December 2024
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Note |
2024 |
(As restated) |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
6,979 |
10,248 |
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Shareholders' funds |
6,980 |
10,249 |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Slark Invest Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in United States Dollars, which is the functional currency of the entity. Monetary amount within financial statements are rounded to the nearest $.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
Slark Invest Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Prior period errors
In the prior year, the financial statements did not correctly reflect treatment of the dividends paid to the parent company. This has therefore been corrected with the following adjustments.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Amounts owed to related parties | - | (50,000) | - |
Dividends paid | - | 50,000 | - |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the Profit aor Loss Account.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Other debtors relates to amounts due to the company from non principal trading activities.
Creditors
Other creditors relate to amounts owed by the company for non-principal trading activity.
Slark Invest Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year was
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
$ |
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Cost or valuation |
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At 1 January 2024 and 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Milsted Langdon Llp Freshford House, Redcliffe Way, Bristol, United Kingdom, BS1 6NL England and Wales |
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Slark Invest Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Debtors |
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Note |
2024 |
(As restated) |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Creditors |
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Due within one year |
2024 |
2023 |
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Accruals |
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Share capital |
Allotted, called up and not fully paid shares
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2024 |
2023 |
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No. |
$ |
No. |
$ |
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Ordinary Shares of US$1 each |
1 |
1 |
1 |
1 |
Slark Invest Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Related party transactions |
Summary of transactions with subsidiaries
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is