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REGISTERED NUMBER: 06522994 (England and Wales)















SALAMANDER VENTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SALAMANDER VENTURES LIMITED (REGISTERED NUMBER: 06522994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SALAMANDER VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J Flanders
M J Flanders





REGISTERED OFFICE: 5 Harbour Lodge
24 Alington Road
Poole
Dorset
BH14 8LZ





REGISTERED NUMBER: 06522994 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

SALAMANDER VENTURES LIMITED (REGISTERED NUMBER: 06522994)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,239 1,617
Investment property 5 630,147 630,147
631,386 631,764

CURRENT ASSETS
Debtors 6 90 83
Investments 7 125,429 125,429
Cash at bank 50,286 43,408
175,805 168,920
CREDITORS
Amounts falling due within one year 8 27,603 24,072
NET CURRENT ASSETS 148,202 144,848
TOTAL ASSETS LESS CURRENT LIABILITIES 779,588 776,612

PROVISIONS FOR LIABILITIES 4,691 3,538
NET ASSETS 774,897 773,074

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Share premium 500,000 500,000
Revaluation reserve 10 122,473 122,473
Retained earnings 52,424 50,601
SHAREHOLDERS' FUNDS 774,897 773,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 8 August 2024 and were signed on its behalf by:



M J Flanders - Director


SALAMANDER VENTURES LIMITED (REGISTERED NUMBER: 06522994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Salamander Ventures 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rents receivable which are recognised over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SALAMANDER VENTURES LIMITED (REGISTERED NUMBER: 06522994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,394
Additions 943
Disposals (964 )
At 31 March 2024 4,373
DEPRECIATION
At 1 April 2023 2,777
Charge for year 1,234
Eliminated on disposal (877 )
At 31 March 2024 3,134
NET BOOK VALUE
At 31 March 2024 1,239
At 31 March 2023 1,617

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 630,147
NET BOOK VALUE
At 31 March 2024 630,147
At 31 March 2023 630,147

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 (100,000 )
Valuation in 2018 (91,000 )
Valuation in 2019 (94,000 )
Valuation in 2020 (150,000 )
Valuation in 2021 (50,000 )
Cost 1,115,147
630,147

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,085,000 1,085,000

The investment property was valued by the directors as at 31 March 2024 based on the fair values of recent, comparable property sales in the local area.

SALAMANDER VENTURES LIMITED (REGISTERED NUMBER: 06522994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 90 83

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Fixed Deposits 125,429 125,429

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 10,529 7,345
VAT 2,996 2,249
Accruals and deferred income 14,078 14,478
27,603 24,072

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 122,473

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.