Registered number
13682562
SALOPIAN HOMES LTD
Filleted Accounts
31 December 2022
SALOPIAN HOMES LTD
Registered number: 13682562
Balance Sheet
as at 31 December 2022
Notes 2022
£
Fixed assets
Investments 3 742,512
Current assets
Cash at bank and in hand 14,728
Creditors: amounts falling due within one year 4 (356,872)
Net current liabilities (342,144)
Total assets less current liabilities 400,368
Creditors: amounts falling due after more than one year 5 (376,666)
Net assets 23,702
Capital and reserves
Called up share capital 100
Profit and loss account 23,602
Shareholder's funds 23,702
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Aydin Cem Uyan
Director
Approved by the board on 30 September 2023
SALOPIAN HOMES LTD
Notes to the Accounts
for the period from 15 October 2021 to 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022
Number
Average number of persons employed by the company 2
3 Investments
Other
investments
£
Cost
Additions 742,512
At 31 December 2022 742,512
4 Creditors: amounts falling due within one year 2022
£
Trade creditors 2,325
Amounts owed to group undertakings and undertakings in which the company has a participating interest 291,290
Taxation and social security costs 5,598
Other creditors 57,659
356,872
5 Creditors: amounts falling due after one year 2022
£
Other creditors 376,666
6 Other information
SALOPIAN HOMES LTD is a private company limited by shares and incorporated in England. Its registered office is:
35 Castle Street
Shrewsbury
Shropshire
UK
SY1 2BW
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