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REGISTERED NUMBER: 00374091 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SALTER & PARFITT LIMITED

SALTER & PARFITT LIMITED (REGISTERED NUMBER: 00374091)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SALTER & PARFITT LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A T Salter
P A Salter
C Salter
E B Salter





SECRETARY: A T Salter





REGISTERED OFFICE: Chase Green House
Mill Lane
Chalfont St. Giles
Buckinghamshire
HP8 4NR





REGISTERED NUMBER: 00374091 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
Chartered Accountants
107 Hindes Road
Harrow
Middlesex
HA1 1RU

SALTER & PARFITT LIMITED (REGISTERED NUMBER: 00374091)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,352,726 2,352,726

CURRENT ASSETS
Debtors 5 3,592 3,448
Investments 6 626,402 600,364
Cash at bank 84,785 13,521
714,779 617,333
CREDITORS
Amounts falling due within one year 7 138,395 118,754
NET CURRENT ASSETS 576,384 498,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,929,110

2,851,305

CAPITAL AND RESERVES
Called up share capital 4,368 4,368
Revaluation reserve 8 1,562,448 1,562,448
Retained earnings 1,362,294 1,284,489
SHAREHOLDERS' FUNDS 2,929,110 2,851,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 March 2025 and were signed on its behalf by:





A T Salter - Director


SALTER & PARFITT LIMITED (REGISTERED NUMBER: 00374091)

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

1. STATUTORY INFORMATION

Salter & Parfitt 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.

Investment property
In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,352,726
NET BOOK VALUE
At 31 December 2024 2,352,726
At 31 December 2023 2,352,726

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2007 1,130,154
Valuation in 2008 (207,039 )
Valuation in 2011 568,259
Valuation in 2012 (164,150 )
Valuation in 2013 235,223
Cost 790,279
2,352,726

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 790,279 790,279

Investment property was valued on an open market basis on 31 December 2014 by the board of directors .

SALTER & PARFITT LIMITED (REGISTERED NUMBER: 00374091)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,592 3,448

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 626,402 600,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 45,984 24,524
Other creditors 92,411 94,230
138,395 118,754

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 1,562,448

9. RELATED PARTY DISCLOSURES

During the year the company paid an interim dividend of £53,150 to its parent company Salter & Parfitt Holdings Limited (2023: 36,000).