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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
Page
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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
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The Salcombe Company Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,686 
59,686 
Investments
100 
100 
59,786 
59,786 
Current assets
Debtors
40,316 
7,899 
Cash at bank and in hand
60,502 
102,414 
100,818 
110,313 
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)
- 
Net assets
47,032 
139,570 
Capital and reserves
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
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The Salcombe Company Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Employees represent the directors who held office during the period. The directors received no remuneration from the company.
Income from investments
Income from investments represents a dividend received from by the company's subsidiary, The Salcombe Management Company Limited.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
59,686 
At 31 January 2024
59,686 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
59,686 
At 31 January 2023
59,686 
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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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,891 
3,474 
Other debtors
24,425 
4,425 
40,316 
7,899 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
40,025 
24,811 
Accruals
1,218 
3,389 
Deferred income
2,329 
2,329 
43,572 
30,529 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
70,000 
- 
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).
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