Company Registration No. 13360041 (England and Wales)
Selkies Holdings Ltd
Unaudited accounts
for the year ended 30 April 2024
Selkies Holdings Ltd
Unaudited accounts
Contents
Selkies Holdings Ltd
Company Information
for the year ended 30 April 2024
Company Number
13360041 (England and Wales)
Registered Office
5 Cheltenham Place
Newquay
TR7 1BA
England
Accountants
Linggard and Thomas
Kew an Lergh
Stret Myghtern Arthur
Nansledan
Cornwall
TR8 4UX
Selkies Holdings Ltd
Statement of financial position
as at 30 April 2024
Investment property
422,206
422,206
Creditors: amounts falling due within one year
(428,425)
(428,035)
Net current liabilities
(418,325)
(417,935)
Called up share capital
101
101
Profit and loss account
3,782
4,172
Shareholders' funds
3,883
4,273
For the year ending 30 April 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2025 and were signed on its behalf by
Deborah Hayes
Director
Company Registration No. 13360041
Selkies Holdings Ltd
Notes to the Accounts
for the year ended 30 April 2024
Selkies Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13360041. The registered office is 5 Cheltenham Place, Newquay, TR7 1BA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments in Subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less accumulated impairment losses.
Selkies Holdings Ltd
Notes to the Accounts
for the year ended 30 April 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 May 2023
422,206
The directors consider the investment properties to be stated at fair value as at 30 April 2022.
In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are:
Aggregate cost £422,206, Aggregate depreciation £nil and carrying value £422,206.
5
Investments
Subsidiary undertakings
Valuation at 30 April 2024
2
Amounts falling due within one year
Amounts due from group undertakings etc.
9,999
9,999
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
76,035
47,675
Other creditors
352,000
380,000
8
Transactions with related parties
Transactions with directors are under normal market conditions and/or not material.
The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).