REGISTERED NUMBER: 14001881 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SALT PLATFORM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Bishop

G J Chiappini

J Dalton

D R Shiells

REGISTERED OFFICE:

44 Grand Parade

Brighton

BN2 9QA

REGISTERED NUMBER:

14001881 (England and Wales)

ACCOUNTANTS:

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

FIXED ASSETS

Intangible assets

4

173,966

185,347

Tangible assets

5

319

-

174,285

185,347

CURRENT ASSETS

Debtors

6

99,445

92,233

Cash at bank

532

54

99,977

92,287

CREDITORS

Amounts falling due within one year

7

(340,169

)

(308,752

)

NET CURRENT LIABILITIES

(240,192

)

(216,465

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,907

)

(31,118

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

(66,907

)

(32,118

)

SHAREHOLDERS' FUNDS

(65,907

)

(31,118

)

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:

J Dalton - Director

1.	STATUTORY INFORMATION

Salt Platform 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

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

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.

Going concern

At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

215,237

Additions

10,833

At 31 December 2024

226,070

AMORTISATION

At 1 January 2024

29,890

Charge for year

22,214

At 31 December 2024

52,104

NET BOOK VALUE

At 31 December 2024

173,966

At 31 December 2023

185,347

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

358

At 31 December 2024

358

DEPRECIATION

Charge for year

39

At 31 December 2024

39

NET BOOK VALUE

At 31 December 2024

319

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

99,445

91,146

Other debtors

-

87

99,445

91,233

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

-

1,000

Aggregate amounts

99,445

92,233

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

1

Amounts owed to group undertakings

312,261

292,051

Taxation and social security

408

-

Other creditors

27,500

16,700

340,169

308,752

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100,000

Ordinary shares

£ 0.0

1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(32,118

)

Deficit for the year

(34,789

)

At 31 December 2024

(66,907

)