Sleekburn Estates Limited - Filleted accounts

Registered number

01744408

Sleekburn Estates Limited

Filleted Accounts

31 March 2025

Sleekburn Estates Limited
Registered number:		01744408
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		1,238,311			1,238,311

Current assets
Stocks		575,748			575,748
Debtors	4	407,121			318,571
Cash at bank and in hand		33,272			47,758
		1,016,141			942,077

Creditors: amounts falling due within one year	5	(165,192)			(186,684)

Net current assets			850,949			755,393

Net assets			2,089,260			1,993,704

Capital and reserves
Called up share capital			100			100
Revaluation reserve	6		82,906			82,906
Profit and loss account			2,006,254			1,910,698

Shareholders' funds			2,089,260			1,993,704

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mrs. L. J. Binks
Director
Approved by the board on 15 December 2025

Sleekburn Estates Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	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.

	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	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Fair Value
	At 1 April 2024			20		1,238,291		1,238,311

	At 31 March 2025			20		1,238,291		1,238,311

	All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the revaluation reserve.

4	Debtors					2025		2024
£							£

	Trade debtors					21,301		39,391
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					179,046		114,046
	Other debtors					206,774		165,134
						407,121		318,571


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					17,606		16,630
	Taxation and social security costs					43,135		45,943
	Other creditors					104,451		124,111
						165,192		186,684


6	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					82,906		82,906

	At 31 March 2025					82,906		82,906


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr. M. R. Muter
	Participator's loan account	53,756		33,575		-		87,331

		53,756		33,575		-		87,331

	Included within Other debtors is the above loans to participator Mr. M. R. Muter of £87,331 (2024 £53,756) The above loan is unsecured and repayable on demand. During the year interest of £1575 (2024 £724) was charged.

8	Controlling party

	The company is controlled by May Investments Limited, registered in the Isle of Man, who own 51% of the company's issued share capital.


9	Other information

	Sleekburn Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2 Havelock Mews
	East Sleekburn
	Bedlington
	Northumberland
	NE22 7DP