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REGISTERED NUMBER: 13671081 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


SALT FINANCE LTD


SALT FINANCE LTD (REGISTERED NUMBER: 13671081)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




SALT FINANCE LTD


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

E Bishop


G J Chiappini


J Dalton


D R Shiells


S J Vinall







REGISTERED OFFICE:

44 Grand Parade


Brighton


BN2 9QA







REGISTERED NUMBER:

13671081 (England and Wales)







ACCOUNTANTS:

Chariot House Limited


Chartered Accountants


44 Grand Parade


Brighton


East Sussex


BN2 9QA


SALT FINANCE LTD (REGISTERED NUMBER: 13671081)


BALANCE SHEET

31 DECEMBER 2023



2023


2022


Notes

£'000

£'000


CURRENT ASSETS

Debtors

4

364


337




CREDITORS

Amounts falling due within one year

5

(50

)

(1

)


NET CURRENT ASSETS

314


336



TOTAL ASSETS LESS CURRENT

LIABILITIES

314


336




CAPITAL AND RESERVES

Called up share capital

6

1


1



Share premium

7

350


350



Retained earnings

7

(37

)

(15

)


SHAREHOLDERS' FUNDS

314


336




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 July 2024 and were signed on its behalf by:






J Dalton - Director



SALT FINANCE LTD (REGISTERED NUMBER: 13671081)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



Salt Finance Ltd 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.


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.


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 balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).


4.

DEBTORS

2023

2022


£'000

£'000



Amounts falling due within one year:


Amounts owed by group undertakings

362


334




Other debtors

1


2



363


336




SALT FINANCE LTD (REGISTERED NUMBER: 13671081)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



4.

DEBTORS - continued

2023

2022


£'000

£'000



Amounts falling due after more than one year:


Other debtors

1


1





Aggregate amounts

364


337




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£'000

£'000



Amounts owed to group undertakings

-


1




Other creditors

50


-



50


1




6.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£'000

£'000



100,000

Ordinary

£0.01

1


1




9,755

Ordinary

£0.01

-


-




16,335

Ordinary

£0.01

-


-



1


1




7.

RESERVES


Retained


Share



earnings


premium


Totals

£'000

£'000

£'000




At 1 January 2023

(15

)

350


335




Deficit for the year

(22

)

(22

)



At 31 December 2023

(37

)

350


313




8.

GOING CONCERN



At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.