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Registered number: 10422730
Saltwater Holdings Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 10422730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 541,466 520,000
541,466 520,000
CURRENT ASSETS
Cash at bank and in hand 265 154
265 154
Creditors: Amounts Falling Due Within One Year 5 (193,222 ) (217,889 )
NET CURRENT ASSETS (LIABILITIES) (192,957 ) (217,735 )
TOTAL ASSETS LESS CURRENT LIABILITIES 348,509 302,265
NET ASSETS 348,509 302,265
CAPITAL AND RESERVES
Called up share capital 300 300
Profit and Loss Account 348,209 301,965
SHAREHOLDERS' FUNDS 348,509 302,265
Page 1
Page 2
For the year ending 31 October 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
Andrew Herbert
Director
4 February 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saltwater Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10422730 . The registered office is 1-7 Commercial Road, Kent, TN12 6EN.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 November 2023 520,000
Additions 21,466
As at 31 October 2024 541,466
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 541,466
As at 1 November 2023 520,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 193,222 217,889
6. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Simon Ronald Duke 105,086 105,086
Andrew Herbert 105,086 105,086
Matthew Robert Jackson 105,086 105,086
Page 3