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Company registration number:
SC812425
WeAreSaltProperty Ltd
Unaudited Filleted Financial Statements for the period ended
30 June 2025
WeAreSaltProperty Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of WeAreSaltProperty Ltd
Period ended
30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
WeAreSaltProperty Ltd
for the period ended
30 June 2025
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/​accountspreparationguidance.
This report is made solely to the Board of Directors of
WeAreSaltProperty Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
WeAreSaltProperty Ltd
and state those matters that we have agreed to state to the Board of Directors of
WeAreSaltProperty Ltd
, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/​accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
WeAreSaltProperty Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
WeAreSaltProperty Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
WeAreSaltProperty Ltd
. You consider that
WeAreSaltProperty Ltd
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of WeAreSaltProperty Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Smartworks Chartered Accountants
9 Green Wood
KINROSS
KY13 8FG
United Kingdom
Date:
3 October 2025
WeAreSaltProperty Ltd
Statement of Financial Position
30 June 2025

|  | 30 Jun 2025
--- | --- | ---
| Note | £
Fixed assets |  |  |
Investments | 5 | 285,730 |
Current assets |  |  |
Debtors | 6 | 437 |
Cash at bank and in hand |  | 5,966 |
|  | 6,403 |
Creditors: amounts falling due within one year | 7 | (798 | )
Net current assets |  | 5,605 |
Total assets less current liabilities |  | 291,335 |
Creditors: amounts falling due after more than one year | 8 | (295,000 | )
Net liabilities |  | (3,665 | )
Capital and reserves |  |  |
Called up share capital |  | 10 |
Profit and loss account |  | (3,675 | )
Shareholders deficit |  | (3,665 | )

For the period ending
30 June 2025
, 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 financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
3 October 2025
, and are signed on behalf of the board by:

Dr G Cobb | Mrs K Cobb
Director | Director

Company registration number:
SC812425
WeAreSaltProperty Ltd
Notes to the Financial Statements
Period ended
30 June 2025

## 1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
10 The Fairways
,
Milnathort
,
KY13 9FW
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

## Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## 4 Average number of employees

The average number of persons employed by the company during the period was
1
.

## 5 Investments

| Other investments other than loans
--- | ---
| £
Cost |  |
At 3 June 2024 | - |
Additions | 285,730 |
At 30 June 2025 | 285,730 |
Impairment |  |
At 3 June 2024 and 30 June 2025 | - |
Carrying amount |  |
At 30 June 2025 | 285,730 |

## 6 Debtors

| 30 Jun 2025
--- | ---
| £
Other debtors | 437 |

## 7 Creditors: amounts falling due within one year

| 30 Jun 2025
--- | ---
| £
Other creditors | 798 |

## 8 Creditors: amounts falling due after more than one year

| 30 Jun 2025
--- | ---
| £
Bank loans and overdrafts | 195,000 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 100,000 |
| 295,000 |

The loan is for more than 5 years and is secured by a fixed charge over the property.

## 9 Directors' advances, credit and guarantees

At the year end the company owed the directors £183.

## 10 Related party transactions

During the period the company entered into the following transactions with related parties:

| Period from 3 Jun 2024 to 30 Jun 2025
--- | ---
| £
Freddie Cobb | 425 |

Freddie Cobb who is a shareholder of the company was paid wages during the period.

## 11 Controlling party

The company is controlled by the directors George and Kelly Cobb