Registration number: 08580007

Slade Properties (SW) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Slade Properties (SW) Limited

Company Information

Directors

S E Harcourt-Smith N A Leach R J A Leach T Harcourt-Smith

Registered office

Slade Barton Payhembury Honiton Devon EX14 3HR

Accountants

Thompson Jenner LLP 28 Alexandra Terrace Exmouth Devon EX8 1BD

Slade Properties (SW) Limited

(Registration number: 08580007)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,442	10,847
Current assets
Debtors	5	31,746	9,982
Cash at bank and in hand		35,987	34,886
		67,733	44,868
Creditors: Amounts falling due within one year	6	(50,223)	(36,870)
Net current assets		17,510	7,998
Total assets less current liabilities		25,952	18,845
Creditors: Amounts falling due after more than one year	6	-	(700)
Provisions for liabilities		(1,605)	(2,062)
Net assets		24,347	16,083
Capital and reserves
Called up share capital		200	200
Retained earnings		24,147	15,883
Shareholders' funds		24,347	16,083

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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.

Slade Properties (SW) Limited

(Registration number: 08580007)
Balance Sheet as at 31 December 2025

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 April 2026 and signed on its behalf by:
 

......................................... S E Harcourt-Smith Director

Slade Properties (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Slade Barton
Payhembury
Honiton
Devon
EX14 3HR

2	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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Slade Properties (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Motor vehicle	25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Slade Properties (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	33,593	6,810	40,403
Additions	-	448	448
At 31 December 2025	33,593	7,258	40,851
Depreciation
At 1 January 2025	22,964	6,592	29,556
Charge for the year	2,657	196	2,853
At 31 December 2025	25,621	6,788	32,409
Carrying amount
At 31 December 2025	7,972	470	8,442
At 31 December 2024	10,629	218	10,847

Slade Properties (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5

Debtors

	2025 £	2024 £
Other debtors	31,307	8,998
Prepayments and accrued income	439	984
Total current trade and other debtors	31,746	9,982

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	700	1,400
Trade creditors		22,476	19,037
Taxation and social security		7,620	3,047
Other creditors		17,527	11,136
Accrued expenses		1,900	2,250
		50,223	36,870

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £700 (2024- £1,400).

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	-	700

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £Nil (2024 - £700).

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	700	1,400

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	700