Salboy Narrowcliff Management Company Limited 13428450 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is hotel accommodation. Digita Accounts Production Advanced 6.30.9574.0 true true true 13428450 2024-02-01 2025-01-31 13428450 2025-01-31 13428450 core:RetainedEarningsAccumulatedLosses 2025-01-31 13428450 core:ShareCapital 2025-01-31 13428450 core:CurrentFinancialInstruments 2025-01-31 13428450 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 13428450 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 13428450 core:LandBuildings 2025-01-31 13428450 bus:SmallEntities 2024-02-01 2025-01-31 13428450 bus:Audited 2024-02-01 2025-01-31 13428450 bus:FilletedAccounts 2024-02-01 2025-01-31 13428450 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13428450 bus:RegisteredOffice 2024-02-01 2025-01-31 13428450 bus:Director1 2024-02-01 2025-01-31 13428450 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13428450 1 2024-02-01 2025-01-31 13428450 countries:EnglandWales 2024-02-01 2025-01-31 13428450 2024-01-31 13428450 core:LandBuildings 2024-01-31 13428450 2023-02-01 2024-01-31 13428450 2024-01-31 13428450 core:RetainedEarningsAccumulatedLosses 2024-01-31 13428450 core:ShareCapital 2024-01-31 13428450 core:CurrentFinancialInstruments 2024-01-31 13428450 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13428450 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13428450 core:LandBuildings 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 13428450

Salboy Narrowcliff Management Company Limited
Financial Statements
for the Year Ended 31 January 2025

Salboy Narrowcliff Management Company Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 5

Salboy Narrowcliff Management Company Limited

(Registration number: 13428450)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,289,499 | 6,289,499
Current assets |  |  |
Debtors | 5 | 27,030 | 3,493
Cash at bank and in hand |  | 6,151 | 1,093
|  | 33,181 | 4,586
Creditors: Amounts falling due within one year | 6 | (190,661) | (662,319)
Net current liabilities |  | (157,480) | (657,733)
Total assets less current liabilities |  | 6,132,019 | 5,631,766
Creditors: Amounts falling due after more than one year | 6 | (7,613,072) | (6,576,159)
Net liabilities |  | (1,481,053) | (944,393)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (1,481,054) | (944,394)
Shareholders' deficit |  | (1,481,053) | (944,393)

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.

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 or the Directors’ Report.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:

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

Salboy Narrowcliff Management Company 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 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 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 Narrowcliff Management Company 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Land and buildings are not depreciated.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Salboy Narrowcliff Management Company Limited

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 25).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 February 2024 | 6,289,499 | 6,289,499
At 31 January 2025 | 6,289,499 | 6,289,499
Carrying amount
At 31 January 2025 | 6,289,499 | 6,289,499
At 31 January 2024 | 6,289,499 | 6,289,499

5 | Debtors

| 2025 £ | 2024 £
Prepayments | 22,942 | 2,366
Other debtors | 4,088 | 1,127
| 27,030 | 3,493

Salboy Narrowcliff Management Company 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 | 41 | 5,575
Amounts owed to group undertakings | 166,975 | 579,210
Amounts owed to related parties | 2,000 | 40,375
Taxation and social security | 4,737 | 1,203
Accruals and deferred income | 13,365 | 34,749
Other creditors | 3,543 | 1,207
| 190,661 | 662,319

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Amounts owed to group undertakings | 7,613,072 | 6,576,159

7 | Parent and ultimate parent undertaking

The parent company is Salboy (Narrowcliff Newquay) Limited, incorporated in England and Wales, company number 13289016, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, M5 4ZG.
The ultimate parent companies are Fred Done Property Trading Group Limited and Karpeediem Limited.
Fred Done Property Trading Group Limited is incorporated in England and Wales, company number 08830784, registered office The Spectrum Benson Road, Birchwood, Warrington, WA3 7PQ.
Karpeediem Limited is 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 in the parent company.