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REGISTERED NUMBER: 08694888 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

SALEM PROJECTS LIMITED

SALEM PROJECTS LIMITED (REGISTERED NUMBER: 08694888)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SALEM PROJECTS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs K Salem
Mr L H Salem





REGISTERED OFFICE: 42 Donne Place
London
SW3 2NH





REGISTERED NUMBER: 08694888 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SALEM PROJECTS LIMITED (REGISTERED NUMBER: 08694888)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 158,540 49,951
Cash at bank 91,692 52
250,232 50,003
CREDITORS
Amounts falling due within one year 5 250,591 50,362
NET CURRENT LIABILITIES (359 ) (359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(359

)

(359

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (360 ) (360 )
SHAREHOLDERS' FUNDS (359 ) (359 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr L H Salem - Director


SALEM PROJECTS LIMITED (REGISTERED NUMBER: 08694888)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Salem Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2022 - 75 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 49,950
Other debtors 1 1
Prepayments and accrued income 158,539 -
158,540 49,951

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other taxes 46,142 39,193
Other creditors 204,449 11,169
250,591 50,362

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

SALEM PROJECTS LIMITED (REGISTERED NUMBER: 08694888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Salem.