REGISTERED NUMBER: 13058356 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SALTYDOG PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J A McGoldrick

P A McGoldrick

E E McGoldrick

K McGoldrick

REGISTERED OFFICE:

Fletchers Cottage

Two Mile Ash Road

Horsham

West Sussex

RH13 0LA

REGISTERED NUMBER:

13058356 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

6

244

Investment property

5

300,000

300,000

300,006

300,244

CURRENT ASSETS

Cash at bank

15,932

7,415

CREDITORS

Amounts falling due within one year

6

(118,404

)

(114,432

)

NET CURRENT LIABILITIES

(102,472

)

(107,017

)

TOTAL ASSETS LESS CURRENT LIABILITIES

197,534

193,227

CREDITORS

Amounts falling due after more than one year

7

(160,279

)

(160,279

)

PROVISIONS FOR LIABILITIES

9

(9,693

)

(9,693

)

NET ASSETS

27,562

23,255

CAPITAL AND RESERVES

Called up share capital

10

3

3

Revaluation reserve

11

29,079

29,079

Retained earnings

(1,520

)

(5,827

)

SHAREHOLDERS' FUNDS

27,562

23,255

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.

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 30 September 2025 and were signed on its behalf by:

P A McGoldrick - Director

1.	STATUTORY INFORMATION

Saltydog Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the fair value of consideration received or receivable and rental income is recognised on an accruals basis.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

1,152

DEPRECIATION

At 1 January 2024

908

Charge for year

238

At 31 December 2024

1,146

NET BOOK VALUE

At 31 December 2024

6

At 31 December 2023

244

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

300,000

NET BOOK VALUE

At 31 December 2024

300,000

At 31 December 2023

300,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

38,772

Cost

261,228

300,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

118,404

114,432

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

160,279

160,279

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

160,279

160,279

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

160,279

160,279

The mortgage is secured by way of a charge on the investment property.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

9,693

9,693

Deferred tax

£

Balance at 1 January 2024

9,693

Balance at 31 December 2024

9,693

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3

Ordinary

£1

3

3

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

29,079

12.	RELATED PARTY DISCLOSURES

Merlin Consultancy Limited is a company under the control of the directors E McGoldrick and P McGoldrick.

At 31 December 2024 the company owed £104,100 (2023: £109,100) to Merlin Consultancy Limited. During the year Saltydog Properties Limited repaid £5,000 to Merlin Consultancy Limited.