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REGISTERED NUMBER: 00679514 (England and Wales)











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: Mrs T C Brook
Miss L Stuart Clark





SECRETARY: Mrs T C Brook





REGISTERED OFFICE: 60 Paynes Hill
Salisbury
Wiltshire
SP1 2BN





REGISTERED NUMBER: 00679514 (England and Wales)





ACCOUNTANTS: Ray Bartlett & Co
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 4,946 2,476
Investment property 5 600,000 790,000
604,946 792,476

CURRENT ASSETS
Cash at bank 154,787 41,361

CREDITORS
Amounts falling due within one year 6 (10,178 ) (3,137 )
NET CURRENT ASSETS 144,609 38,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,555

830,700

PROVISIONS FOR LIABILITIES 7 (111,231 ) (131,134 )
NET ASSETS 638,324 699,566

CAPITAL AND RESERVES
Called up share capital 8 4 4
Other reserves 613,433 613,433
Retained earnings 24,887 86,129
SHAREHOLDERS' FUNDS 638,324 699,566

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.

ESSEL HOLDINGS (SALISBURY) LIMITED (REGISTERED NUMBER: 00679514)

BALANCE SHEET - continued
31 DECEMBER 2024


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 4 April 2025 and were signed on its behalf by:





Mrs T C Brook - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 62,276
Additions 3,707
At 31 December 2024 65,983
DEPRECIATION
At 1 January 2024 59,800
Charge for year 1,237
At 31 December 2024 61,037
NET BOOK VALUE
At 31 December 2024 4,946
At 31 December 2023 2,476

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 790,000
Disposals (31,162 )
Revaluations (158,838 )
At 31 December 2024 600,000
NET BOOK VALUE
At 31 December 2024 600,000
At 31 December 2023 790,000

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 6,978 -
Social security and other taxes - 297
Directors' current accounts 200 200
Accrued expenses 3,000 2,640
10,178 3,137

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 940 618
Other timing differences 110,291 130,516
111,231 131,134

Deferred Other
tax provisions
£    £   
Balance at 1 January 2024 131,134 99,192
Accelerated capital allowances 322 618
Other timing differences (20,225 ) 31,324
Balance at 31 December 2024 111,231 131,134

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
4 Share capital 1 £1 4 4