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Registered number: 10711341
Salkeld Limited
Unaudited Financial Statements
For The Year Ended 29 April 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr Nicholas Clarke
Mr Nicholas Davis
Company Number 10711341
Registered Office Marlborough House
298 Regents Park
London
N3 2SZ
Bankers Barclays Bank (Suisse) SA
18 - 20 Chemin de Grange-Canal
Geneva
Switzerland
Solicitors Mishcon de Reya
Africa House
70 Kingsway
London
WC2B 6AH
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Balance Sheet
Registered number: 10711341
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,177,412 4,177,412
4,177,412 4,177,412
CURRENT ASSETS
Debtors 5 12,017 11,692
Cash at bank and in hand 40,397 6,034
52,414 17,726
Creditors: Amounts Falling Due Within One Year 6 (49,888 ) (18,705 )
NET CURRENT ASSETS (LIABILITIES) 2,526 (979 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,179,938 4,176,433
Creditors: Amounts Falling Due After More Than One Year 7 (4,744,572 ) (4,498,685 )
NET LIABILITIES (564,634 ) (322,252 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Share premium account 685,527 685,527
Profit and Loss Account (1,250,171 ) (1,007,789 )
SHAREHOLDERS' FUNDS (564,634) (322,252)
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For the year ending 29 April 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 Nicholas Clarke
Director
27 January 2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Salkeld Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10711341 . The registered office is Marlborough House, 298 Regents Park, London, N3 2SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in GBP which is the functional currency of Salkeld Limited (the 'Company'). The financial statements 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 lreland and the requirements of the Companies Act 2006 as applied to companies subject to the small companies regime. The disclosure requirements of section 14 of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The principal accounting policies adopted are set out below.
2.2. Investment
lnvestments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
2.3. 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 costs and subsequently measured at amortised cost determined using the effective interest method.
2.4. Group financial statements
The company and its subsidiary undertakings comprise a small-sized group. The company therefore has taken advantage of the exemption provided by section 399 of the Companies Act, 2006 not to prepare group financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Investments
Subsidiaries
£
Cost
As at 30 April 2023 4,177,412
As at 29 April 2024 4,177,412
Provision
As at 30 April 2023 -
As at 29 April 2024 -
Net Book Value
As at 29 April 2024 4,177,412
As at 30 April 2023 4,177,412
The company directly owns 100% of Weyborne Limited, Brackenwood Polo Limited, Scaliscro Estates Limited and 75% of Crypto Resource Management Limited, all of whom have their registered office at Marlborough House, 298 Regents Park Road, London, N3 2SZ.
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,131 1,806
HMRC 9,886 9,886
12,017 11,692
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,888 9,750
Other creditors - 1,000
Directors' loan accounts 40,000 7,955
49,888 18,705
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 4,744,572 4,498,685
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
All purchases from related parties are made at normal market prices. Except for the transactions listed below there have been no transactions with related parties who are not members of the group during the year ending 30 April 2024.
During the year, the company had  intercompany transactions of £20,000 (2023: nil) with Curzon Resources Limited, a company under common control of the director, Mr Nicholas Clarke, owing £20,000l (2023: nil) at year-end.
During the year, the company had intercompany transactions of £225,887 (2023: £393,249) with Curzon African Holdings Ltd, a company under common control of the director, Mr Nicholas Clarke, owing £4,724,572 (2023: £4,498,685) at year-end.
During the year, the company had no intercompany transactions (2023: £220,536) with Curzon International Investments Limited, a company under common control of the director, Mr Nicholas Clarke, being owed nil (2023: nil) at year-end.
During the year the company had intercompany transactions of £32,045 (2023: £7,799) with the director, Mr Nicholas Clarke, owing £40,000 (2023: £7,955) at year-end.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Nicholas Clarke by virtue of his ownership of 100% of the issued share capital in the company.
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