Company Registration No. 01239506 (England and Wales)
The Salcombe Company Limited
Unaudited accounts
for the year ended 31 January 2024
The Salcombe Company Limited
Unaudited accounts
Contents
The Salcombe Company Limited
Company Information
for the year ended 31 January 2024
Directors
R H King
O B Quarrell
S C Uren
N C Roberts
Secretary
Emily Braine Property Services Ltd
Company Number
01239506 (England and Wales)
Registered Office
The Salcombe
Fore Street
Salcombe
Devon
TQ8 8JG
The Salcombe Company Limited
Statement of financial position
as at 31 January 2024
Tangible assets
59,686
59,686
Cash at bank and in hand
60,502
102,414
Creditors: amounts falling due within one year
(43,572)
(30,529)
Net current assets
57,246
79,784
Total assets less current liabilities
117,032
139,570
Creditors: amounts falling due after more than one year
(70,000)
-
Called up share capital
288
288
Share premium
59,883
59,883
Profit and loss account
(13,139)
79,399
Shareholders' funds
47,032
139,570
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
O B Quarrell
Director
Company Registration No. 01239506
The Salcombe Company Limited
Notes to the Accounts
for the year ended 31 January 2024
The Salcombe Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01239506. The registered office is The Salcombe, Fore Street, Salcombe, Devon, TQ8 8JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Employees represent the directors who held office during the period. The directors received no remuneration from the company.
Income from investments represents a dividend received from by the company's subsidiary, The Salcombe Management Company Limited.
4
Tangible fixed assets
Land & buildings
The Salcombe Company Limited
Notes to the Accounts
for the year ended 31 January 2024
5
Investments
Subsidiary undertakings
Valuation at 1 February 2023
100
Valuation at 31 January 2024
100
Amounts falling due within one year
Trade debtors
15,891
3,474
Other debtors
24,425
4,425
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
40,025
24,811
Deferred income
2,329
2,329
8
Creditors: amounts falling due after more than one year
2024
2023
Included within other creditors due after one year is a loan from the shareholders. The amount outstanding as at 31 January 2024 is £70,000 (2023: £Nil). This loan is unsecured and interest free.
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).