Saltaire Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09006217

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,395,079		450,098

			1,395,079		450,098
CURRENT ASSETS
Cash at bank and in hand		1,141		12,830

		1,141		12,830
Creditors: Amounts Falling Due Within One Year	5	(1,474,335 )		(510,032 )

NET CURRENT ASSETS (LIABILITIES)			(1,473,194 )		(497,202 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(78,115 )		(47,104 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,166 )		(15,655 )

NET LIABILITIES			(90,281 )		(62,759 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(90,381 )		(62,859 )

SHAREHOLDERS' FUNDS			(90,281)		(62,759)

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Saltaire Developments Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Asim Rafiq

Director

04/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Saltaire Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09006217 . The registered office is 22 Heaton Grove, Bradford, BD9 4DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependend upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Reducing Balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for.

Changes in fair value are recognised in the profit and loss account.

2.6. Deferred Taxation

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

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	31 March 2025	31 March 2024
Office and administration	2	2

	2	2

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Saltaire Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Investment Properties	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	450,000	461	450,461
Additions	1,002,456	-	1,002,456
Revaluation	(57,456 )	-	(57,456 )

As at 31 March 2025	1,395,000	461	1,395,461

Depreciation
As at 1 April 2024	-	363	363
Provided during the period	-	19	19

As at 31 March 2025	-	382	382

Net Book Value
As at 31 March 2025	1,395,000	79	1,395,079

As at 1 April 2024	450,000	98	450,098

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Accruals and deferred income	-	22,500
Directors' loan accounts	628,338	11,535
Amounts owed to group undertakings	27,747	27,747
Amounts owed to parent undertaking	818,250	448,250

	1,474,335	510,032

6. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

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