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REGISTERED NUMBER: 08796777 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SALUCI LIMITED

SALUCI LIMITED (REGISTERED NUMBER: 08796777)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


SALUCI LIMITED (REGISTERED NUMBER: 08796777)

ABRIDGED BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 3,130,389 2,852,666

CURRENT ASSETS
Debtors 3,132 1,528
Cash in hand 100 100
3,232 1,628
CREDITORS
Amounts falling due within one year 591,942 477,480
NET CURRENT LIABILITIES (588,710 ) (475,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,541,679

2,376,814

CREDITORS
Amounts falling due after more than one
year

670,580

517,917
NET ASSETS 1,871,099 1,858,897

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,870,999 1,858,797
SHAREHOLDERS' FUNDS 1,871,099 1,858,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SALUCI LIMITED (REGISTERED NUMBER: 08796777)

ABRIDGED BALANCE SHEET - continued
29 FEBRUARY 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:




Mr P Messham - Director



Mrs K Messham - Director


SALUCI LIMITED (REGISTERED NUMBER: 08796777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Saluci Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08796777

Registered office: Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton on Tees
TS18 3TU

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.

Investment property
Investment property is shown at cost, which the director considers to be equal to its fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

SALUCI LIMITED (REGISTERED NUMBER: 08796777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2023 2,852,666
Additions 277,723
At 29 February 2024 3,130,389
NET BOOK VALUE
At 29 February 2024 3,130,389
At 28 February 2023 2,852,666

In the opinion of the Director, the fair value of the investment property at 29 February 2024 is equal to the original cost.