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REGISTERED NUMBER: 01503029 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Saline Limited

Saline Limited (Registered number: 01503029)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Saline Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: P W Henderson
A Messik





SECRETARY: P W Henderson





REGISTERED OFFICE: 1 Arcadian House
Imperial Crescent, Imperial Wharf
London
SW6 2QW





REGISTERED NUMBER: 01503029 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Saline Limited (Registered number: 01503029)

Statement of Financial Position
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,291 2,049
Investment property 5 208,963 208,963
211,254 211,012

CURRENT ASSETS
Debtors 6 1,083 1,083
Cash at bank 17,441 17,791
18,524 18,874
CREDITORS
Amounts falling due within one year 7 806 768
NET CURRENT ASSETS 17,718 18,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,972

229,118

CREDITORS
Amounts falling due after more than one year 8 147,782 150,668
NET ASSETS 81,190 78,450

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 102,185 102,185
Retained earnings (21,095 ) (23,835 )
SHAREHOLDERS' FUNDS 81,190 78,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Saline Limited (Registered number: 01503029)

Statement of Financial Position - continued
5 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





P W Henderson - Director


Saline Limited (Registered number: 01503029)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Saline Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No amortisation was provided on the fixed asset cost or valuation of the leasehold property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Saline Limited (Registered number: 01503029)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 4,921
Additions 814
At 5 April 2024 5,735
DEPRECIATION
At 6 April 2023 2,872
Charge for year 572
At 5 April 2024 3,444
NET BOOK VALUE
At 5 April 2024 2,291
At 5 April 2023 2,049

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 208,963
NET BOOK VALUE
At 5 April 2024 208,963
At 5 April 2023 208,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 1,083 1,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Taxation and social security 47 9
Other creditors 759 759
806 768

Saline Limited (Registered number: 01503029)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 147,782 150,668

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
100 Ordinary 1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is P W Henderson.

The ultimate controlling party is A Messik.

During the year ending 5 April 2023 Peter Henderson controlled the company by virtue of his interest (directly or indirectly) of 95% of the issued share capital.The remaining shares of 5% is controlled by Ann Messik.