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Company Registration No. 11201954 (England and Wales)
Sarem Holdings Ltd Unaudited accounts for the year ended 31 March 2025
Sarem Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sarem Holdings Ltd Company Information for the year ended 31 March 2025
Director
Teifion L G Salisbury
Company Number
11201954 (England and Wales)
Registered Office
Jasmine Cottage Rowland Bakewell Derbyshire DE45 1NR
Accountants
Andrew B Sharkey Ltd Jasmine Cottage Rowland Bakewell Derbyshire DE45 1NR
- 3 -
Sarem Holdings Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,739,975 
2,281,591 
Investment property
5
1,261,659 
2,686,659 
Investments
6
433,236 
418,650 
3,434,870 
5,386,900 
Current assets
Debtors
7
5,545 
5,684 
Cash at bank and in hand
2,392,725 
962,254 
2,398,270 
967,938 
Creditors: amounts falling due within one year
8
4,146 
(29,243)
Net current assets
2,402,416 
938,695 
Total assets less current liabilities
5,837,286 
6,325,595 
Creditors: amounts falling due after more than one year
9
(133,217)
16,783 
Net assets
5,704,069 
6,342,378 
Capital and reserves
Called up share capital
10
730 
730 
Share premium
6,509,550 
6,509,550 
Profit and loss account
(806,211)
(167,902)
Shareholders' funds
5,704,069 
6,342,378 
For the year ending 31 March 2025 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 his 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 September 2025 and were signed on its behalf by
Teifion L G Salisbury Director Company Registration No. 11201954
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Sarem Holdings Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Sarem Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11201954. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is Burre House, Baslow Road, Bakewell, Derbyshire, DE45 1AB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Other tangible fixed assets
No depreciation is provided on classic car investments included under motor vehicles.
Investment property
Investment property is included at fair value. Gains are recognised in the income statement.
Investment in subsidiary undertaking
During the year ended 31 March 2020 the company acquired the majority of the share capital of Cathelco Limited which became a subsidiary undertaking. The consideration given comprised the issue of 569 ordinary shares of 1p and cash of £2,647,205.
Share Capital and Capital Reduction
During the year ended 31/03/19 the company issued 568,431 ordinary shares of 1p for cash in order to provide some working capital. It then entered into an agreement whereby it acquired the majority of the shares in Cathelco Limited. The consideration comprised the issue of 569 ordinary shares of 1p together with cash consideration. As part of a capital reduction demerger, the existing ordinary shares of the company were recategorized as 73,027 A shares, 404,973 B shares and 91,000 C shares. The rights of the B and C shares were to the investment in the subsidiary undertaking. The A shares are entitled to all other assets of the company. A capital reduction then took place in which the B and C shares were cancelled. In consideration of this capital reduction the investment in the subsidiary undertaking was transferred to a new company incorporated under the direction of the B shareholders. Following these various transactions the company is controlled by the Trustees of 15 trusts, the settlor being Mr T Salisbury.
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Sarem Holdings Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
62,268 
2,247,500 
20,527 
2,330,295 
Additions
3,377 
9,585 
- 
12,962 
Disposals
- 
(547,085)
- 
(547,085)
At 31 March 2025
65,645 
1,710,000 
20,527 
1,796,172 
Depreciation
At 1 April 2024
34,732 
- 
13,972 
48,704 
Charge for the year
6,182 
- 
1,311 
7,493 
At 31 March 2025
40,914 
- 
15,283 
56,197 
Net book value
At 31 March 2025
24,731 
1,710,000 
5,244 
1,739,975 
At 31 March 2024
27,536 
2,247,500 
6,555 
2,281,591 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
2,686,659 
Disposals
(1,425,000)
At 31 March 2025
1,261,659 
6
Investments
Other investments 
£ 
Valuation at 1 April 2024
418,650 
Additions
14,586 
Valuation at 31 March 2025
433,236 
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
5,545 
5,684 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
(104)
(401)
Trade creditors
- 
33,214 
Taxes and social security
4,717 
5,067 
Loans from directors
(8,759)
(8,637)
(4,146)
29,243 
- 6 -
Sarem Holdings Ltd Notes to the Accounts for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
133,217 
(16,783)
Teifion Salisbury Family Business Trust - loan
10
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
73,027 A ordinary shares of £0.01 each
730.27 
730.27 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Teifion L G Salisbury
Advances
8,637 
122 
- 
8,759 
8,637 
122 
- 
8,759 
During the period the director, Teifion LG Salisbury, received various advances from the company . The balance due from him at the balance sheet date was £8,759 (2024: £8,637). The loan is repayable at the discretion of the director and is interest free.
12
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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