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REGISTERED NUMBER: 09612027 (England and Wales)


















Financial Statements for the Year Ended 31 May 2024

for

S & P SALSBURY LIMITED

S & P SALSBURY LIMITED (REGISTERED NUMBER: 09612027)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


S & P SALSBURY LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs. S E Salsbury
R Salsbury





REGISTERED OFFICE: 63 St John's Avenue
London
SW15 6AL





REGISTERED NUMBER: 09612027 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

S & P SALSBURY LIMITED (REGISTERED NUMBER: 09612027)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,217,386 1,891,274

CREDITORS
Amounts falling due within one year 5 2,531 1,433
NET CURRENT LIABILITIES (2,531 ) (1,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,214,855

1,889,841

CAPITAL AND RESERVES
Called up share capital 6 4 4
Share premium 999,996 999,996
Revaluation reserve 1,204,029 883,700
Retained earnings 10,826 6,141
SHAREHOLDERS' FUNDS 2,214,855 1,889,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 19 February 2025 and were signed on its behalf by:





R Salsbury - Director


S & P SALSBURY LIMITED (REGISTERED NUMBER: 09612027)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

S & P Salsbury 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.

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 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 1,891,273
Disposals (5,950 )
Revaluations 332,063
At 31 May 2024 2,217,386
NET BOOK VALUE
At 31 May 2024 2,217,386
At 31 May 2023 1,891,273

S & P SALSBURY LIMITED (REGISTERED NUMBER: 09612027)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2017 1,341,020
Valuation in 2018 79,324
Valuation in 2019 62,295
Valuation in 2020 57,286
Valuation in 2021 340,317
Valuation in 2022 31,327
Valuation in 2023 (20,295 )
Valuation in 2024 326,112
2,217,386

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 1,098 -
Other creditors 1,433 1,433
2,531 1,433

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
4 4