Registration number: 10589397

Salcaul Commercial Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Salcaul Commercial Limited

(Registration number: 10589397)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,750	22,738
Investment property	5	4,045,129	4,045,129
		4,046,879	4,067,867
Current assets
Debtors	6	1,743,111	1,602,182
Cash at bank and in hand		94,812	137,572
		1,837,923	1,739,754
Creditors: Amounts falling due within one year	7	(8,774,767)	(7,958,588)
Net current liabilities		(6,936,844)	(6,218,834)
Net liabilities		(2,889,965)	(2,150,967)
Capital and reserves
Called up share capital		100	100
Retained earnings		(2,890,065)	(2,151,067)
Shareholders' deficit		(2,889,965)	(2,150,967)

Salcaul Commercial Limited

(Registration number: 10589397)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Ms J E Ismail Director

Salcaul Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
UK

These financial statements were authorised for issue by the Board on 26 September 2025 .

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Salcaul Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture and fittings	20% Straight Line method

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Salcaul Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	104,941	104,941
At 31 December 2024	104,941	104,941
Depreciation
At 1 January 2024	82,203	82,203
Charge for the year	20,988	20,988
At 31 December 2024	103,191	103,191
Carrying amount
At 31 December 2024	1,750	1,750
At 31 December 2023	22,738	22,738

5	Investment properties

	2024 £
Cost
At 1 January	4,045,129
At 31 December	4,045,129

6

Debtors

Current	2024 £	2023 £
Trade debtors	430,849	274,099
Prepayments	207,753	151,810
Other debtors	1,104,509	1,176,273
	1,743,111	1,602,182

Salcaul Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Amounts owed to group undertakings	770,246	689,185
Social security and other taxes	21,141	-
Amounts owed to related parties	7,848,572	7,167,896
Other creditors	36,763	6,379
Accruals	98,045	95,128
	8,774,767	7,958,588

8	Parent and ultimate parent undertaking

The immediate parent company is Salcaul Limited who owns 100% of the shareholding in Salcaul Commercial Limited. The ultimate parent company is Frankel Holdings Limited.

Salcaul Limited is a company incorporated in England and Wales, company number 09349430, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company of Salcaul Limited is Frankel Holdings Limited, incorporated in England and Wales, company number 13814877, registered office 56-58 Benson Road, Birchwood, Warrington, England, WA3 7PQ.