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Registered number: 7248584
SLC PROPERTIES (CENTRAL) LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2025
A C Accountancy Services Ltd
15a Anchor Road
Aldridge
Walsall
WEST MIDLANDS
WS9 8PT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 7248584
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,130,537 1,130,537
1,130,537 1,130,537
CURRENT ASSETS
Debtors 5 539,334 551,810
Cash at bank and in hand 10,393 19,819
549,727 571,629
Creditors: Amounts Falling Due Within One Year 6 (623,188 ) (634,013 )
NET CURRENT ASSETS (LIABILITIES) (73,461 ) (62,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,057,076 1,068,153
Creditors: Amounts Falling Due After More Than One Year 7 (1,070,759 ) (1,058,455 )
NET (LIABILITIES)/ASSETS (13,683 ) 9,698
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 120,000 120,000
Profit and Loss Account (133,684 ) (110,303 )
SHAREHOLDERS' FUNDS (13,683) 9,698
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Donald Stuart Mcpherson
Director
28 May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SLC PROPERTIES (CENTRAL) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 7248584 . The registered office is 15a ANCHOR ROAD, ALDRIDGE WALSALL, WEST MIDLANDS, WS9 8PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 June 2024 1,130,537 13,589 15,125 1,159,251
As at 31 May 2025 1,130,537 13,589 15,125 1,159,251
Depreciation
As at 1 June 2024 - 13,589 15,125 28,714
As at 31 May 2025 - 13,589 15,125 28,714
Net Book Value
As at 31 May 2025 1,130,537 - - 1,130,537
As at 1 June 2024 1,130,537 - - 1,130,537
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Premium account - 12,476
Amounts owed by other participating interests 539,334 539,334
539,334 551,810
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
VAT 3,330 1,906
Directors' loan accounts 97,084 109,333
Tennants Deposits less Returns 522,774 522,774
623,188 634,013
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - Secured Lending 1,045,192 1,024,650
Other creditors - bounce back loan 25,567 33,805
1,070,759 1,058,455
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 June 2024 120,000 (110,303 )
Loss for the year and total comprehensive income - (23,381 )
As at 31 May 2025 120,000 (133,684 )
Page 4