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REGISTERED NUMBER: 12323477 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

SALISBURY GROUP LIMITED

SALISBURY GROUP LIMITED (REGISTERED NUMBER: 12323477)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SALISBURY GROUP LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R M Canner





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Court House Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 12323477 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

SALISBURY GROUP LIMITED (REGISTERED NUMBER: 12323477)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,903,123 504

CURRENT ASSETS
Debtors 5 3,730,126 3,710,514
Cash at bank and in hand 7 2
3,730,133 3,710,516
CREDITORS
Amounts falling due within one year 6 484,347 548
NET CURRENT ASSETS 3,245,786 3,709,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,148,909

3,710,472

CREDITORS
Amounts falling due after more than one
year

7

(3,245,706

)

(3,709,750

)

PROVISIONS FOR LIABILITIES (725,781 ) -
NET ASSETS 2,177,422 722

CAPITAL AND RESERVES
Called up share capital 8 304 304
Fair value reserve 9 2,176,838 -
Retained earnings 9 280 418
SHAREHOLDERS' FUNDS 2,177,422 722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 January 2025 and were signed by:





R M Canner - Director


SALISBURY GROUP LIMITED (REGISTERED NUMBER: 12323477)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Salisbury Group 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2023 504
Revaluations 2,902,619
At 30 April 2024 2,903,123
NET BOOK VALUE
At 30 April 2024 2,903,123
At 30 April 2023 504

SALISBURY GROUP LIMITED (REGISTERED NUMBER: 12323477)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 0 2,902,619
Cost 504
2,903,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 3,730,126 3,710,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 484,347 548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 3,245,706 3,709,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
304 Ordinary £1 304 304

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 418 - 418
Deficit for the year (723,919 ) (723,919 )
Dividends (2,000 ) (2,000 )
Revaluation in year - 2,902,619 2,902,619
Movement 725,781 (725,781 ) -
At 30 April 2024 280 2,176,838 2,177,118

SALISBURY GROUP LIMITED (REGISTERED NUMBER: 12323477)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R M Canner
Balance outstanding at start of year (346 ) -
Amounts repaid (483,799 ) (346 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (484,145 ) (346 )

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £3,245,706 (2023: £3,670,140) owing to Salisbury Management Services Limited a subsidiary of this company.

Included in other debtors is an amount of £1,041,484 (2023: £1,720,855) owed from Let Wirral Limited a subsidiary of this company.

Included in other debtors is an amount of £1,197,398 (2023: £1,516,805) owed from Salisbury Specialist Housing Limited a subsidiary of this company.

Included in other debtors is an amount of £1,238,590 (2023: £139,577) owed from Salisbury Property Development Limited a subsidiary of this company.

12. ULTIMATE CONTROLLING PARTY

At the balance sheet date Mr R M Canner and Mrs M E Canner are the controlling parties by virtue of their shareholdings in the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Salisbury Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Salisbury Group Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Salisbury Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Salisbury Group Limited and state those matters that we have agreed to state to the director of Salisbury Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Salisbury Group Limited and its director for our work or for this report.

It is your duty to ensure that Salisbury Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Salisbury Group Limited. You consider that Salisbury Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Salisbury Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................