Registration number: 10590010

Salcaul Residential Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Salcaul Residential Limited

(Registration number: 10590010)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Stocks	4	14,580	14,580
Debtors	5	1,591,140	1,116,668
Cash at bank and in hand		18,850	2,083
		1,624,570	1,133,331
Creditors: Amounts falling due within one year	6	(3,724,215)	(3,547,922)
Total assets less current liabilities		(2,099,645)	(2,414,591)
Creditors: Amounts falling due after more than one year	6	(8,309)	(19,403)
Net liabilities		(2,107,954)	(2,433,994)
Capital and reserves
Called up share capital		100	100
Retained earnings		(2,108,054)	(2,434,094)
Shareholders' deficit		(2,107,954)	(2,433,994)

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 Residential 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 Residential Limited

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3	Staff numbers

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

4

Stocks

	2024 £	2023 £
Work in progress	14,580	14,580

5

Debtors

Current	2024 £	2023 £
Trade debtors	2,941	2,889
Amounts owed by group undertakings	1,097,404	1,013,063
Other debtors	490,795	100,716
	1,591,140	1,116,668

Salcaul Residential Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		10,004	9,552
Trade creditors		34	189
Amounts due to related parties		3,688,783	3,515,686
Other payables		19,995	19,995
Accruals		5,399	2,500
		3,724,215	3,547,922
Due after one year
Loans and borrowings		8,309	19,403

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Loans and borrowings	8,309	19,403

7	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.