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Company Registration No. 01239506 (England and Wales)
The Salcombe Company Limited Unaudited accounts for the year ended 31 January 2023
The Salcombe Company Limited Unaudited accounts Contents
Page
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The Salcombe Company Limited Company Information for the year ended 31 January 2023
Directors
J H Hughes R H King O B Quarrell S C Uren N C Roberts
Company Number
01239506 (England and Wales)
Registered Office
The Salcombe Fore Street Salcombe Devon TQ8 8JG
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The Salcombe Company Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,686 
59,686 
Investments
100 
100 
59,786 
59,786 
Current assets
Debtors
7,899 
11,761 
Cash at bank and in hand
102,414 
122,907 
110,313 
134,668 
Creditors: amounts falling due within one year
(30,529)
(36,019)
Net current assets
79,784 
98,649 
Net assets
139,570 
158,435 
Capital and reserves
Called up share capital
288 
288 
Share premium
59,883 
59,883 
Profit and loss account
79,399 
98,264 
Shareholders' funds
139,570 
158,435 
For the year ending 31 January 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by
J H Hughes Director Company Registration No. 01239506
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The Salcombe Company Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
The Salcombe Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01239506. The registered office is The Salcombe, Fore Street, Salcombe, Devon, TQ8 8JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Employees
Employees represent the directors who held office during the period. The directors received no remuneration from the company.
Income from investments
Income from investments represents a dividend received from by the company's subsidiary, The Salcombe Management Company Limited.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2022
59,686 
At 31 January 2023
59,686 
Depreciation
At 31 January 2023
- 
Net book value
At 31 January 2023
59,686 
At 31 January 2022
59,686 
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The Salcombe Company Limited Notes to the Accounts for the year ended 31 January 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2022
100 
Valuation at 31 January 2023
100 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,474 
6,547 
Other debtors
4,425 
5,214 
7,899 
11,761 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
265 
Taxes and social security
- 
12,918 
Other creditors
24,811 
13,987 
Accruals
3,389 
6,520 
Deferred income
2,329 
2,329 
30,529 
36,019 
8
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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