Registered number
13682562
SALOPIAN HOMES LTD
Filleted Accounts
31 December 2024
SALOPIAN HOMES LTD
Registered number: 13682562
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,520 -
Investments 4 1,219,021 960,031
1,221,541 960,031
Current assets
Cash at bank and in hand 21,545 13,110
Creditors: amounts falling due within one year 5 (849,727) (575,064)
Net current liabilities (828,182) (561,954)
Total assets less current liabilities 393,359 398,077
Creditors: amounts falling due after more than one year 6 (365,588) (365,588)
Net assets 27,771 32,489
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,671 32,389
Shareholder's funds 27,771 32,489
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Aydin Cem Uyan
Director
Approved by the board on 13 June 2025
SALOPIAN HOMES LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 3,150
At 31 December 2024 3,150
Depreciation
Charge for the year 630
At 31 December 2024 630
Net book value
At 31 December 2024 2,520
4 Investments
Other
investments
£
Cost
At 1 January 2024 960,031
Additions 258,990
At 31 December 2024 1,219,021
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,154 7,054
Amounts owed to group undertakings and undertakings in which the company has a participating interest 197,040 197,040
Taxation and social security costs 1,505 2,609
Other creditors 645,028 368,361
849,727 575,064
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 365,588 365,588
7 Other information
SALOPIAN HOMES LTD is a private company limited by shares and incorporated in England. Its registered office is:
35 Castle Street
Shrewsbury
Shropshire
UK
SY1 2BW
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