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Registration number: 13862499

Salboy (Mornington Crescent) Limited
Financial Statements
for the Year Ended 31 January 2025

Salboy (Mornington Crescent) Limited

Contents

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

Salboy (Mornington Crescent) Limited

(Registration number: 13862499)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 3,618,081 | 3,365,130
Debtors | 5 | 8,499 | 5,914
Cash at bank and in hand |  | 4,136 | 2,949
|  | 3,630,716 | 3,373,993
Creditors: Amounts falling due within one year | 6 | (5,500) | (17,924)
Total assets less current liabilities |  | 3,625,216 | 3,356,069
Creditors: Amounts falling due after more than one year | 6 | (3,645,062) | (3,368,914)
Net liabilities |  | (19,846) | (12,845)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (19,946) | (12,945)
Shareholders' deficit |  | (19,846) | (12,845)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
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 23 July 2025 and signed on its behalf by:

......................................... Mr S A Ismail Director

Salboy (Mornington Crescent) Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

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

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 have been 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 a related company. 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.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 July 2025 was Mr Damian Wayne Riley FCCA, who signed for and on behalf of Alextra Audit Limited.

Salboy (Mornington Crescent) Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 3,618,081 | 3,365,130

5 | Debtors

| 2025 £ | 2024 £
Owed by related parties | 8,462 | -
Other debtors | 37 | 5,914
| 8,499 | 5,914

Salboy (Mornington Crescent) Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 12,624
Amounts owed to related parties | - | 400
Accruals | 5,500 | 4,900
| 5,500 | 17,924

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Amounts owed to group undertakings | 3,645,062 | 3,368,914

7 | Parent and ultimate parent undertaking

The parent companies are Fred Done Property Trading Group Limited and Karpeediem Limited.
Fred Done Property Trading Group Limited is a company incorporated in England and Wales, company number 08830784, registered office The Spectrum Benson Road, Birchwood, Warrington, WA3 7PQ.
Karpeediem Limited is a company incorporated in England and Wales, company number 12104578, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, M5 4ZG.
These financial statements are consolidated within the group financial statements of Fred Done Property Trading Group Limited. Copies of the financial statements are available on request from The Spectrum Benson Road, Birchwood, Warrington, WA3 7PQ.
The ultimate controlling party is Fred Done Property Trading Group Limited by virtue of its shareholding.