Registered number
11562184
19th Salford Limited
Filleted Accounts
31 March 2024
19th Salford Limited
Registered number: 11562184
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 415,780 -
Current assets
Stocks - 436,059
Debtors 4 31,660 28,606
Cash at bank and in hand 55,168 7,933
86,828 472,598
Creditors: amounts falling due within one year 5 (459,357) (450,503)
Net current (liabilities)/assets (372,529) 22,095
Net assets 43,251 22,095
Capital and reserves
Called up share capital 1 1
Profit and loss account 43,250 22,094
Shareholder's funds 43,251 22,095
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr MY Patel
Director
Approved by the board on 7 October 2024
19th Salford Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
Additions 415,780
At 31 March 2024 415,780
4 Debtors 2024 2023
£ £
Prepayments 1,338 289
Other debtors 30,322 28,317
31,660 28,606
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 39,200 39,200
Taxation and social security costs 6,352 -
Accruals and deferred income 3,252 750
Directors loan account 255,553 255,553
Other creditors 155,000 155,000
459,357 450,503
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr MY Patel
Directors loan account (255,553) - - (255,553)
(255,553) - - (255,553)
7 Related party transactions
The company received a loan from Nineteenth Limited, a fellow subsidiary of Bel Air Group Limited. The amount oustanding at the balance sheet date is £39,200 (2023: £39,200). Interest is not charged and the loan is deemed repayable upon demand
8 Controlling party
The company is a 100% subsidiary of Bel Air Group Limited.

Mr MH Jiva is the majority shareholder of Bel Air Group Limited and is therefore considered to be the controlling party.
9 Other information
19th Salford Limited is a private company limited by shares and incorporated in England. Its registered office is:
251a Ashworth Lane
Bolton
BL1 8RX
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