SALINITY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Salinity UK Limited is a private company limited by share capital and incorporated in England and Wales. The registered office address is 2 Communications Road, Greenham Business Park, Greenham, Newbury, RG19 6AB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Amounts owed by group undertakings
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Amounts owed by group undertakings are repayable on demand and non-interest bearing.
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The directors consider that the ultimate parent undertaking of this company is Mellow Corporation N.V, incorporated in the Netherlands Antilles.
The largest group of undertakings for which group accounts have been drawn up is that headed by Salinity Trading AB Nellickevägen 20,412 63 Göteborg, Sweden, the immediate parent company.
The ultimate parent company, Mellow Corporation N.V. is owned by the trustees of a trust. In the opinion of the directors' there is no single entity that can or does exercise ultimate control over the company.
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