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COMPANY REGISTRATION NUMBER: 01961917

Slater & Frith Limited

Unaudited financial statements

31 December 2025

Slater & Frith Limited

Statement of financial position

31 December 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 196,886 |  | 137,299

Current assets

Stocks | 1,223 |  | 1,576 |
Debtors | 6 | 20,690 |  | 1,425 |
Cash at bank and in hand | 161,586 |  | 262,922 |
| --------- |  | --------- |
| 183,499 |  | 265,923 |

Creditors: Amounts falling due within one year | 7 | ( 36) |  | ( 978) |
| --------- |  | --------- |
Net current assets |  | 183,463 |  | 264,945
|  | --------- |  | ---------
Total assets less current liabilities |  | 380,349 |  | 402,244

Provisions

Taxation including deferred tax |  | ( 10,235) |  | –

Accruals and deferred income |  | ( 3,750) |  | ( 8,226)
|  | --------- |  | ---------
Net assets |  | 366,364 |  | 394,018
|  | --------- |  | ---------

Capital and reserves

Called up share capital | 8 |  | 100 |  | 100
Investment property valuation reserve |  | 132,575 |  | 84,782
Profit and loss account |  | 233,689 |  | 309,136
|  | --------- |  | ---------
Shareholders funds |  | 366,364 |  | 394,018
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Slater & Frith Limited

Statement of financial position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 9 April 2026 , and are signed on behalf of the board by:

Mr A W Slater
Director

Company registration number: 01961917

Slater & Frith Limited

Notes to the financial statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales, registration number 01961917 . The address of the registered office is Seaton House, Brumstead Road, Stalham, Norwich, NR12 9DF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Land and buildings | - | 4% straight line

Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of employees during the year was 2 (2024: 2 ).
5. Tangible assets

| Land and buildings | Investment property | Total
| £ | £ | £
Cost or valuation |  |  |
At 1 January 2025 | 10,328 | 130,000 | 140,328
Revaluations | – | 60,000 | 60,000
| ------- | --------- | ---------
At 31 December 2025 | 10,328 | 190,000 | 200,328
| ------- | --------- | ---------
Depreciation |  |  |
At 1 January 2025 | 3,029 | – | 3,029
Charge for the year | 413 | – | 413
| ------- | --------- | ---------
At 31 December 2025 | 3,442 | – | 3,442
| ------- | --------- | ---------
Carrying amount |  |  |
At 31 December 2025 | 6,886 | 190,000 | 196,886
| ------- | --------- | ---------
At 31 December 2024 | 7,299 | 130,000 | 137,299
| ------- | --------- | ---------

The directors have valued the investment property at an open market value at the end of the year.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Investment property
| £
At 31 December 2025 |
Aggregate cost | 45,218
Aggregate depreciation | (34,165)
| -------
Carrying value | 11,053
| -------

At 31 December 2024 |
Aggregate cost | 45,218
Aggregate depreciation | (32,356)
| -------
Carrying value | 12,862
| -------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 644
Prepayments and accrued income | 837 | 781
Directors loan account | 19,853 | –
| ------- | ------
| 20,690 | 1,425
| ------- | ------

7. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 57
Social security and other taxes | 36 | 92
Other creditors | – | 829
| ---- | ----
| 36 | 978
| ---- | ----

8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
£1 Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

9. Directors' advances, credits and guarantees
At the year end, the Directors jointly owed the company £19,853 (2024: £Nil). No interest was charged as the balance remained under £10,000 each.