Registration number:
Sloane Private Clients Ltd
for the Year Ended 30 April 2025
Sloane Private Clients Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Sloane Private Clients Ltd
Company Information
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Directors |
Mr Darren McDermott Mr Ryan Seadon |
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Registered office |
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Auditors |
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Sloane Private Clients Ltd
Strategic Report for the Year Ended 30 April 2025
The directors present their strategic report for the year ended 30 April 2025.
Principal activity
The principal activity of the company is The Company's principal activity is the provision of insurance broking and related advisory services to commercial and private clients throughout the United Kingdom. The Company acts as an intermediary between clients and insurers, arranging insurance solutions and providing professional advice and ongoing account management services.
Fair review of the business
The year under review represents the Company's first year of operation. During this period, the primary focus was on establishing the business, developing relationships with insurers and clients, implementing operational systems and compliance procedures, and generating a sustainable pipeline of business.
As expected for a new venture, the Company reported a loss for the year of £96,975. This result was in line with management expectations and reflects the initial investment required to establish the business, including regulatory, operational, marketing, and staffing costs incurred ahead of revenue generation.
Despite the reported loss, the Directors are encouraged by the progress made during the year. The Company successfully established a growing and diversified client portfolio, secured a number of key client accounts, and generated recurring commission income streams which are expected to contribute positively to future financial performance.
Client acquisition and retention levels have been ahead of the Directors' original forecasts, providing a strong foundation for the continued development of the business.
Key Achievements During the Year
During its first year of trading, the Company achieved several important strategic objectives:
• Successfully obtained and maintained all necessary regulatory and compliance requirements.
• Established relationships with a range of insurer partners and wholesale markets.
• Built a portfolio of clients across targeted market sectors.
• Implemented core operating, finance, and compliance systems.
• Developed a pipeline of recurring income through renewal business.
• Established a framework for sustainable future growth.
The Directors believe these achievements have created a solid platform from which the Company can expand during the coming financial year.
Sloane Private Clients Ltd
Strategic Report for the Year Ended 30 April 2025
Principal risks and uncertainties
As a newly established insurance brokerage, the Directors have identified the following principal risks facing the business:
Regulatory and Compliance Risk
The Company operates within the regulatory framework of the Financial Conduct Authority ("FCA"). Failure to comply with regulatory requirements could result in financial penalties, reputational damage, or restrictions on trading.
The Directors remain committed to maintaining effective compliance systems and ensuring all regulatory obligations are met.
Growth and Development Risk
As an early-stage business, the Company is reliant on achieving sufficient levels of new business and client retention to support future profitability.
This risk is managed through active business development, investment in client relationships, and ongoing monitoring of performance against strategic objectives.
Market and Economic Risk
The insurance sector remains subject to economic pressures, market competition, and fluctuations in insurer appetite.
The Company seeks to mitigate these risks through diversification of its client base and insurer panel while maintaining high service standards.
Cyber and Data Security Risk
The Company manages sensitive client information and relies upon technology systems to support its operations.
Appropriate security controls, data protection procedures, and staff training are maintained to minimise cyber and operational risks.
Approved and authorised by the
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Sloane Private Clients Ltd
Directors' Report for the Year Ended 30 April 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The company only have financial assets and liabilities of a kind that would qualify as basic financial instruments which are recognised at their transaction value and subsequently measured at their settlement value.
Price risk, credit risk, liquidity risk and cash flow risk
The directors are conscious of the aim to retain sufficient cash resources to meet the immediate requirements of the Company.
The bank is currently satisfied with the Company's financial performance and the directors do not consider there to be any risks of their facilities being withdrawn.
Credit Risk - The company has a robust procedure to assess the credit risk applicable to customers, both new and ongoing.
Liquidity Risk - In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Company's liquid funds are kept in a combination of bank accounts to enable it to service its everyday financial needs.
Employee involvement
The Directors recognise that the success of the Company depends upon the quality, commitment, and professionalism of its employees. Throughout the year, emphasis has been placed on developing a culture focused on customer service, integrity, accountability, and long-term relationship management.
Sloane Private Clients Ltd
Directors' Report for the Year Ended 30 April 2025
Future developments
The Directors are pleased with the progress achieved during the Company's first year of trading. While an operating loss was incurred during the period, this was anticipated as part of the Company's planned start-up and investment phase.
The growth in the Company's client base, together with increasing levels of recurring commission income and a strengthening pipeline of new business opportunities, provides confidence in the future prospects of the business.
Based on current trading performance and forecast revenue growth, the Directors expect the Company to achieve profitability during the next financial year.
The Company's strategic priorities for the coming year include:
• Continuing to grow the client portfolio and recurring revenue base.
• Maintaining high levels of client retention and service quality.
• Strengthening insurer and strategic partner relationships.
• Improving operational efficiency and scalability.
• Delivering sustainable profitability and positive cash generation.
The Directors believe the Company is well positioned to capitalise on future opportunities and continue building a successful and sustainable insurance brokerage business.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Sloane Private Clients Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Sloane Private Clients Ltd
Independent Auditor's Report to the Members of Sloane Private Clients Ltd
Opinion
We have audited the financial statements of Sloane Private Clients Ltd (the 'company') for the year ended 30 April 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Sloane Private Clients Ltd
Independent Auditor's Report to the Members of Sloane Private Clients Ltd
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Sloane Private Clients Ltd
Independent Auditor's Report to the Members of Sloane Private Clients Ltd
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion
Identifying and assessing potential risks related to irregularities
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• the nature of the industry, control environment and understanding of the entity including, but not restricted to, the prevalence of fraud in the sector especially in the current uncertain economic
environment;
• results of our enquiries of directors about their own identification and assessment of the risks of irregularities;
• any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to:
• identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
• detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
• the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
• the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;
As a result of these procedures, we considered the opportunities that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition and overstatement of expenditure. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
Sloane Private Clients Ltd
Independent Auditor's Report to the Members of Sloane Private Clients Ltd
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and UK tax legislation.
Our procedures to respond to risks identified included the following:
• reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
• enquiring of directors concerning actual and potential litigation and claims;
• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
• tested a sample of income for understatement and other relevant audit procedures while consideration was given to revenue recognition;
• tested a sample of expenditure for overstatement and other relevant audit procedures;
• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws
and regulations throughout the audit.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with law and regulations.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Sloane Private Clients Ltd
Independent Auditor's Report to the Members of Sloane Private Clients Ltd
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Chartered Accountants
6 Atholl Crescent
Perth
PH1 5JN
Sloane Private Clients Ltd
Profit and Loss Account for the Year Ended 30 April 2025
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Note |
2025 |
2024 |
|
|
Turnover |
|
- |
|
|
Cost of sales |
( |
- |
|
|
Gross profit |
|
- |
|
|
Administrative expenses |
( |
- |
|
|
Operating loss |
(93,580) |
- |
|
|
Interest payable and similar expenses |
( |
- |
|
|
Loss before tax |
( |
- |
|
|
Loss for the financial year |
( |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Sloane Private Clients Ltd
Statement of Comprehensive Income for the Year Ended 30 April 2025
|
2025 |
2024 |
|
|
Loss for the year |
( |
- |
|
Total comprehensive income for the year |
( |
- |
Sloane Private Clients Ltd
(Registration number: 12575110)
Statement of Financial Position as at 30 April 2025
|
Note |
2025 |
2024 |
|
|
Current assets |
|||
|
Debtors |
|
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
- |
|
|
Net (liabilities)/assets |
( |
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1,000 |
1 |
|
|
Retained earnings |
(96,975) |
- |
|
|
Shareholders' (deficit)/funds |
(95,975) |
1 |
Approved and authorised by the
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Sloane Private Clients Ltd
Statement of Changes in Equity for the Year Ended 30 April 2025
|
Share capital |
Retained earnings |
Total |
|
|
At 1 May 2024 |
|
- |
|
|
Loss for the year |
- |
( |
( |
|
New share capital subscribed |
|
- |
|
|
At 30 April 2025 |
|
( |
( |
|
Share capital |
Retained earnings |
Total |
|
|
At 1 May 2023 |
|
- |
|
|
At 30 April 2024 |
1 |
- |
1 |
Sloane Private Clients Ltd
Statement of Cash Flows for the Year Ended 30 April 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Loss for the year |
( |
- |
|
|
Adjustments to cash flows from non-cash items |
|||
|
Finance costs |
|
- |
|
|
( |
- |
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
( |
- |
|
|
Increase in trade creditors |
|
- |
|
|
Net cash flow from operating activities |
|
- |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
- |
|
|
Proceeds from issue of ordinary shares, net of issue costs |
|
- |
|
|
Net cash flows from financing activities |
( |
- |
|
|
Net increase in cash and cash equivalents |
|
- |
|
|
Cash and cash equivalents at 1 May |
|
|
|
|
Cash and cash equivalents at 30 April |
1,556 |
1 |
|
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The company is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1017651.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
The financial statements are presented in sterling (£). These financial statements are rounded to the nearest £1.
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
Going concern
The financial statements have been prepared on a going concern basis.
As at 30 April 2025, the Company had net liabilities. The Company is a member of a group of companies and is dependent upon the continued financial support of its parent company, DRVN Automotive Ltd, to meet its liabilities as they fall due.
The directors have reviewed the Company's forecasts and cash flow requirements for a period extending to at least 12 months from the date of approval of these financial statements. Based on this review, the directors have concluded that the Company will continue to require financial support from its parent company during this period.
The parent company has confirmed its intention to provide such financial support as may be necessary to enable the Company to meet its obligations as they fall due for a period of not less than 12 months from the date of approval of these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and on deposit.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
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.
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.
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.
Financial instruments
Classification
|
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Rendering of services |
|
- |
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
|
- |
|
Foreign exchange gains |
|
- |
|
|
- |
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
- |
|
Social security costs |
|
- |
|
Pension costs, defined contribution scheme |
|
- |
|
|
- |
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Sales |
|
- |
|
|
- |
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
- |
|
Contributions paid to money purchase schemes |
|
- |
|
93,943 |
- |
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
- |
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Amounts owed by related parties |
|
- |
|
|
Other debtors |
|
- |
|
|
|
- |
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
- |
|
|
Amounts due to related parties |
|
- |
|
|
Social security and other taxes |
|
- |
|
|
Outstanding defined contribution pension costs |
|
- |
|
|
Accruals |
|
- |
|
|
|
- |
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1 |
|
Related party transactions |
Summary of transactions with other related parties
Due to Sloane Private Clients Ltd:
DRVN Automotive Limited £260 (2024: £Nil)
Due from Sloane Private Clients Ltd:
Easy Heat Systems Limited £28,766 (2024: £Nil)
The Production Bunker Limited £16,121 (2024: £Nil)
DMD London Ltd £100 (2024: £Nil)
Boreham Motorworks Limited £6,200 (2024: £Nil)
DRVN Composites Ltd £150 (2024: £Nil)
Sloane Private Clients Ltd
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from Companies House, Crown Way, CARDIFF, CF14 3UZ.
Sloane Private Clients Ltd
Detailed Profit and Loss Account for the Year Ended 30 April 2025
|
2025 |
2024 |
|
|
Turnover (analysed below) |
25,473 |
- |
|
Cost of sales (analysed below) |
(439) |
- |
|
Gross profit |
25,034 |
- |
|
Gross profit (%) |
98.28% |
0% |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
(105,966) |
- |
|
General administrative expenses (analysed below) |
(12,637) |
- |
|
Finance charges (analysed below) |
(11) |
- |
|
(118,614) |
- |
|
|
Operating loss |
(93,580) |
- |
|
Interest payable and similar charges (analysed below) |
(3,395) |
- |
|
Loss before tax |
(96,975) |
- |
Sloane Private Clients Ltd
Detailed Profit and Loss Account for the Year Ended 30 April 2025
|
2025 |
2024 |
|
Turnover |
||
|
Rendering of services, UK |
25,473 |
- |
|
Cost of sales |
||
|
Purchases |
(439) |
- |
|
Employment costs |
||
|
Directors remuneration |
92,769 |
- |
|
Directors NIC (Employers) |
12,023 |
- |
|
Directors pensions (Defined contribution) |
1,174 |
- |
|
105,966 |
- |
|
General administrative expenses |
||
|
Telephone and fax |
(326) |
- |
|
Printing, postage and stationery |
(88) |
- |
|
Travel and subsistence |
(5,353) |
- |
|
Customer entertaining (disallowable for tax) |
(2,043) |
- |
|
Accountancy fees |
(500) |
- |
|
Auditor's remuneration - The audit of the company's annual accounts |
(3,600) |
- |
|
Legal and professional fees |
(727) |
- |
|
(12,637) |
- |
|
Finance charges |
||
|
Bank charges |
(11) |
- |
|
Interest payable and similar expenses |
||
|
HMRC Interest & penalties |
(3,351) |
- |
|
Foreign currency (gains)/losses |
(44) |
- |
|
(3,395) |
- |