Registration number:
Salboy BP Limited
for the Year Ended 31 March 2025
Salboy BP Limited
(Registration number: 12200502)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors (including £Nil (2024: £38,296) due after one year) |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
( |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
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Shareholders' (deficit)/funds |
( |
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Approved and authorised by the
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......................................... |
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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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 its parent 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
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that the company is included within the consolidated financial statements of their ultimate parent, Salboy Limited.
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 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 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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 April 2024 |
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Additions |
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Disposals |
( |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:
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Proportion of voting rights |
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Undertaking |
Holding |
and shares held |
Principal Activity |
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Subsidiary undertaking |
2025 |
2024 |
||||||
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Salboy BP SPV 2 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 3 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 4 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 5 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 6 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 7 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 8 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 10 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 11 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 15 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 17 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 20 Limited |
Ordinary |
0% |
100% |
Development of building projects |
||||
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Salboy BP SPV 21 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
|
Salboy BP SPV 22 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
|
Salboy BP SPV 23 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
|
Salboy BP SPV 24 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
|
Salboy BP SPV 25 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 26 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 28 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 29 Limited |
Ordinary |
0% |
100% |
Development of building projects |
||||
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Salboy BP SPV 31 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 32 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 33 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 35 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 36 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 37 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 38 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 39 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Salboy BP SPV 40 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 41 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 42 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 43 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 44 Limited |
Ordinary |
0% |
100% |
Development of building projects |
||||
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Salboy BP SPV 45 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 46 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 47 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 48 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 49 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 50 Limited |
Ordinary |
100% |
100% |
Development of building projects |
||||
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Salboy BP SPV 51 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 52 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 53 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 54 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 55 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 56 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 57 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 58 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 59 Limited |
Ordinary |
100% |
0% |
Dormant company |
||||
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Salboy BP SPV 60 Limited |
Ordinary |
100% |
0% |
Dormant company |
All companies listed above hold the registered office of:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Debtors |
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Current |
2025 |
2024 |
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Owed by group undertakings |
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Prepayments |
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Details of non-current trade and other debtors
£Nil (2024 - £38,296) of 'Owed by group undertakings' is classified as non current.
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Creditors |
Creditors: amounts falling due within one year
|
2025 |
2024 |
|
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Due within one year |
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Trade creditors |
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Owed to group undertakings |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
|
2025 |
2024 |
|
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Due after one year |
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Owed to group undertakings |
- |
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The company has access to a loan facility, this is secured by fixed and floating charge 16 March 2020 over all present and future freehold or leasehold land and all intellectual property of the company. The floating charge covers all property or undertaking of the company.
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Related party transactions |
On 6th February 2023 which was subsequently updated on 4 February 2025, a cross guarantee was created with Salboy Midco Limited in favour of Cbre Loan Services Limited. The cross guarantee created a fixed and floating charge over all present and future leasehold land and all property or undertaking of the company.
Salboy BP Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Parent and ultimate parent undertaking |
The company's immediate parent is Salboy Midco Limited, a company incorporated in England and Wales, company number 14525541, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, United Kingdom, M5 4ZG.
The ultimate parent is Salboy Limited, a company incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, United Kingdom, M5 4ZG.
These financial statements are consolidated within the group financial statements of Salboy Limited. Copies of the consolidated financial statements are available on request from Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, United Kingdom, M5 4ZG.
The shareholders of Salboy Limited are considered to be the controlling parties.
The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.