Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity3false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11775782 2023-01-01 2023-12-31 11775782 2022-01-01 2022-12-31 11775782 2023-12-31 11775782 2022-12-31 11775782 c:CompanySecretary1 2023-01-01 2023-12-31 11775782 c:Director1 2023-01-01 2023-12-31 11775782 c:Director2 2023-01-01 2023-12-31 11775782 c:Director3 2023-01-01 2023-12-31 11775782 c:RegisteredOffice 2023-01-01 2023-12-31 11775782 d:CurrentFinancialInstruments 2023-12-31 11775782 d:CurrentFinancialInstruments 2022-12-31 11775782 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11775782 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11775782 d:ShareCapital 2023-12-31 11775782 d:ShareCapital 2022-12-31 11775782 d:RetainedEarningsAccumulatedLosses 2023-12-31 11775782 d:RetainedEarningsAccumulatedLosses 2022-12-31 11775782 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 11775782 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 11775782 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 11775782 c:FRS102 2023-01-01 2023-12-31 11775782 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11775782 c:FullAccounts 2023-01-01 2023-12-31 11775782 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11775782 6 2023-01-01 2023-12-31 11775782 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11775782









SALMON PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SALMON PROPERTY LIMITED
 
 
COMPANY INFORMATION


Directors
K P Stoodley 
A Harper 
D Stewart 




Company secretary
C Sutton



Registered number
11775782



Registered office
2nd Floor
Prince Frederick House

35-39 Maddox Street

London

W1S 2PP





 
SALMON PROPERTY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
SALMON PROPERTY LIMITED
REGISTERED NUMBER: 11775782

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
539,690
462,199

Current assets
  

Debtors: amounts falling due within one year
 6 
100
100

Cash at bank and in hand
  
361
901

  
461
1,001

Creditors: amounts falling due within one year
 7 
(6,258)
(6,196)

Net current liabilities
  
 
 
(5,797)
 
 
(5,195)

Total assets less current liabilities
  
533,893
457,004

Provisions for liabilities
  

Other provisions
 9 
(76,891)
(91,368)

Net assets
  
 
 
457,002
 
 
365,636


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
456,902
365,536

  
457,002
365,636


Page 1

 
SALMON PROPERTY LIMITED
REGISTERED NUMBER: 11775782
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.


K P Stoodley
A Harper
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SALMON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Salmon Property Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is 2nd Floor, Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are prepared in pound sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the Company has the adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Debtors

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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
SALMON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had a significant effect on amounts recognised in the financial statements:
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
Provisions
The company makes estimates over the value of the subsidiary company and therefore over the amount of deferred consideration due to the former shareholders.


4.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
SALMON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
462,199


Revaluations
77,491



At 31 December 2023
539,690





6.


Debtors

2023
2022
£
£


Other debtors
100
100

100
100



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
5,658
5,190

Other creditors
-
100

Accruals and deferred income
600
906

6,258
6,196



8.


Secured Debts

The deferred consideration is secured by way of a fixed and floating charge over the company's assets.










Page 5

 
SALMON PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Provisions





Deferred cons.

£





At 1 January 2023
91,368


Charged to profit or loss
(14,477)



At 31 December 2023
76,891

 
Page 6