Abbreviated Company Accounts - SLENDERBROOK LIMITED

SLENDERBROOK LIMITED - Company Information

01555237 SLENDERBROOK LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 01555237 2014-07-01 2015-06-30 01555237 2015-06-30 01555237 2014-06-30 01555237 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 01555237 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 01555237

SLENDERBROOK LIMITED

Abbreviated Accounts

30 June 2015

SLENDERBROOK LIMITED Registered Number 01555237

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		3,292,331	4,993,787
Debtors		139,280	14,940
Cash at bank and in hand		699,098	14,856
		4,130,709	5,023,583
Creditors: amounts falling due within one year	2	(416,673)	(1,327,451)
Net current assets (liabilities)		3,714,036	3,696,132
Total assets less current liabilities		3,714,036	3,696,132
Creditors: amounts falling due after more than one year	2	0	(665,000)
Total net assets (liabilities)		3,714,036	3,031,132
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		3,713,936	3,031,032
Shareholders' funds		3,714,036	3,031,132

For the year ending 30 June 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2015

And signed on their behalf by:
Mr C E R Greenway, Director

SLENDERBROOK LIMITED Registered Number 01555237

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover is the total amount receivable by the company for properties sold during the year and for rents due for the year under review, excluding VAT.

Other accounting policies
Property stocks are stated at the lower of cost and net realisable value. Cost represents the original purchase price, plus any additional costs incurred since acquisition to bring the property to its present condition. Net realisable value is based on estimated selling price less all costs of disposal.

The company has reflected the full cost of the properties and related borrowings in its balance sheet in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital element of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represents a constant proportion of the balance of capital repayments outstanding.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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.

2Creditors

	2015 £	2014 £
Secured Debts	0	1,162,957

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mr C E R Greenway
Description of the transaction:	Loans advanced to the company
Balance at 1 July 2014:	£ 669,048
Advances or credits made:	-
Advances or credits repaid:	£ 505,000
Balance at 30 June 2015:	£ 164,048

At the year end the company owed Mr C E R Greenway £164,048 (2014 - £49,048) which was unsecured, interest free and was not subject to any formal repayment agreement.

In 2013 Mr C E R Greenway advanced £620,000 to the company to fund development opportunities. The loan is unsecured, repayable within 3 years and is subject to interest at 8% per annum. Interest charged during the year was £33,276 (2014 - £49,600), of which £3,200 (2014 - £13,245) was outstanding at the balance sheet date and is included within accruals.