Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09627556 Mrs Vicky Salomon Mr Gareth Salomon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09627556 2023-03-31 09627556 2024-03-31 09627556 2023-04-01 2024-03-31 09627556 frs-core:CurrentFinancialInstruments 2024-03-31 09627556 frs-core:Non-currentFinancialInstruments 2024-03-31 09627556 frs-core:PlantMachinery 2024-03-31 09627556 frs-core:PlantMachinery 2023-04-01 2024-03-31 09627556 frs-core:PlantMachinery 2023-03-31 09627556 frs-core:ShareCapital 2024-03-31 09627556 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09627556 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09627556 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09627556 frs-bus:SmallEntities 2023-04-01 2024-03-31 09627556 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09627556 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09627556 frs-core:UnlistedNon-exchangeTraded 2024-03-31 09627556 frs-core:UnlistedNon-exchangeTraded 2023-03-31 09627556 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 09627556 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 09627556 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 09627556 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 09627556 frs-bus:Director1 2023-04-01 2024-03-31 09627556 frs-bus:Director2 2023-04-01 2024-03-31 09627556 frs-countries:EnglandWales 2023-04-01 2024-03-31 09627556 2022-03-31 09627556 2023-03-31 09627556 2022-04-01 2023-03-31 09627556 frs-core:CurrentFinancialInstruments 2023-03-31 09627556 frs-core:Non-currentFinancialInstruments 2023-03-31 09627556 frs-core:ShareCapital 2023-03-31 09627556 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09627556
Salomon Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09627556
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,062 2,704
Investment Properties 5 420,452 420,452
Investments 6 1 1
422,515 423,157
CURRENT ASSETS
Cash at bank and in hand 4,294 3,585
4,294 3,585
Creditors: Amounts Falling Due Within One Year 7 (79,706 ) (73,286 )
NET CURRENT ASSETS (LIABILITIES) (75,412 ) (69,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES 347,103 353,456
Creditors: Amounts Falling Due After More Than One Year 8 (286,087 ) (290,407 )
NET ASSETS 61,016 63,049
CAPITAL AND RESERVES
Called up share capital 9 120 120
Profit and Loss Account 60,896 62,929
SHAREHOLDERS' FUNDS 61,016 63,049
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Salomon
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Salomon Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09627556 . The registered office is 44 Glyn Avenue, Wrexham, LL12 8DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 6,427
As at 31 March 2024 6,427
Depreciation
As at 1 April 2023 3,723
Provided during the period 642
As at 31 March 2024 4,365
Net Book Value
As at 31 March 2024 2,062
As at 1 April 2023 2,704
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 420,452
Page 3
Page 4
6. Investments
Unlisted
£
Cost
As at 1 April 2023 1
As at 31 March 2024 1
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 79,707 73,286
79,706 73,286
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 286,087 290,407
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
Page 4