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Registered number: 11434312
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Slade Ventures Ltd
Financial statements
Information for filing with the registrar
31 March 2025
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Balance sheet
At 31 March 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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Balance sheet (continued)
At 31 March 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.
Company registered number: 11434312
The notes on pages 3 to 7 form part of these financial statements.
2
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Notes to the financial statements
Year ended 31 March 2025
Slade Ventures Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Cherrytrees, Prince Imperial Road, Chislehurst, Kent, BR7 5LX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
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 at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
The company’s revenue streams comprise:
∙Consultancy income is recognised when the services have been provided and the right to consideration has been established.
∙Interest income is recognised on an accrual basis using the effective interest method.
∙The company’s share of profits from the LLP investment is recognised when the right to receive income is established, based on the LLP’s reported results.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
3
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
The company is a member of a limited liability partnership (LLP). The interest in the LLP is carried at cost, adjusted for the company’s share of profits and reduced by any drawings received.
The company’s share of profits from the LLP investment is recognised when the right to receive income is established, based on the LLP’s reported results.
Drawings are treated as reductions in the investment balance and not as income. The investment is reviewed for indicators of impairment at each reporting date.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
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Average number of employees
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Average number of employees, including directors, during the year was: 2 (2024: 2)
5
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Notes to the financial statements
Year ended 31 March 2025
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At 1 April 2024 (as previously stated)
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At 1 April 2024 (as restated)
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Canon Bridge Ventures LLP
The company holds an investment in Cannon Bridge Ventures LLP which is not consolidated as the company does not exercise control over the entity.
Praetura Ventures Holdings Limited
The company holds a minority shareholding in Praetura Ventures Holdings Limited and does not exercise control over the entity.
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6
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Notes to the financial statements
Year ended 31 March 2025
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Creditors: amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary A shares of £1.00 each
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2 (2024 - 2) Ordinary B shares of £1.00 each
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During the year, the directors were notified of a correction made in the financial statements of the LLP in which the company is a member. Profit on the disposal of investments that had been recorded by the LLP within the 2025 financial period has been determined to relate to the prior year.
As a result of this correction, the company’s share of profit from the LLP has been revised to reflect the transaction in the appropriate period.
A prior year adjustment has therefore been made to reallocate £359,000 of the company’s share of LLP profit and to the 2024 financial year, with a corresponding adjustment to the brought forward investment balance. The adjustment also gives rise to a prior year corporation tax charge of £90,726 resulting in a net prior year adjustment of £268,274, as reflected in the statement of changes in equity.
7
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