REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
ESSEL HOLDINGS (SALISBURY) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
ESSEL HOLDINGS (SALISBURY) LIMITED |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ESSEL HOLDINGS (SALISBURY) | LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Taxation Consultants |
52-54 Winchester Street |
Salisbury |
Wiltshire |
SP1 1HG |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
BALANCE SHEET |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
BALANCE SHEET - continued |
31 DECEMBER 2024 |
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 |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Essel Holdings (Salisbury) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 January 2024 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2024 |
Disposals | ( |
) |
Revaluations | (158,838 | ) |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
Included in fair value of investment property is freehold land of £ 600,000 (2023 - £ 790,000 ) which is not depreciated. |
Fair value at 31 December 2024 is represented by: |
£ |
Valuation in 2016 | 650,000 |
Valuation in 2022 | 250,000 |
Valuation in 2023 | (110,000 | ) |
Valuation in 2024 | (190,000 | ) |
600,000 |
If the property portfolio had not been revalued it would have been included at the following historical cost: |
31.12.24 | 31.12.23 |
£ | £ |
Cost | 156,146 | 187,375 |
The property portfolio was valued on open market value basis on 31 October 2024 by the directors. . |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Tax |
Social security and other taxes |
Directors' current accounts | 200 | 200 |
Accrued expenses |
ESSEL HOLDINGS (SALISBURY) | LIMITED (REGISTERED NUMBER: 00679514) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
7. | PROVISIONS FOR LIABILITIES |
31.12.24 | 31.12.23 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Other timing differences | 110,291 | 130,516 |
111,231 | 131,134 |
Deferred | Other |
tax | provisions |
£ | £ |
Balance at 1 January 2024 |
Accelerated capital allowances | 322 | 618 |
Other timing differences | (20,225 | ) | 31,324 |
Balance at 31 December 2024 |
8. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Share capital 1 | £1 | 4 | 4 |