Registration number: 16101575

Salboy East Midlands BTL SPV Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 6

Salboy East Midlands BTL SPV Limited

(Registration number: 16101575)
Balance Sheet as at 31 March 2025

	Note	2025 £
Fixed assets
Investment property	4	3,065,000
Current assets
Debtors	5	438
Creditors: Amounts falling due within one year	6	(2,806,054)
Net current liabilities		(2,805,616)
Total assets less current liabilities		259,384
Provisions for liabilities		(68,750)
Net assets		190,634
Capital and reserves
Called up share capital		1
Retained earnings		190,633
Shareholders' funds		190,634

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 30 September 2025 and signed on its behalf by:
 

......................................... Mr A P Cavanagh Director

Salboy East Midlands BTL SPV Limited

Statement of Changes in Equity for the Period from 26 November 2024 to 31 March 2025

	Share capital £	Retained earnings £	Total £
Profit for the period	-	190,633	190,633
New share capital subscribed	1	-	1
At 31 March 2025	1	190,633	190,634

Salboy East Midlands BTL SPV Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 March 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
England

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 £.

Disclosure of long or short period

These accounts are for the period 26 November 2024 to 31 March 2025 which is a short period. The reason for this change is to amend the reporting date so that it is in line with that of the other group companies.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 September 2025 was Mr Damian Wayne Riley FCCA, who signed for and on behalf of Alextra Audit Limited.

Salboy East Midlands BTL SPV Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 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 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.

Tax

The tax expense for the period comprises current and deferred 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Any changes in fair value are recognised within the profit or loss account within the period it relates to.

Salboy East Midlands BTL SPV Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4	Investment properties

	2025 £
Additions	2,790,000
Fair value adjustments	275,000
At 31 March	3,065,000

The Directors' have revalued the investment properties as at 31 March 2025 based on their experience in the property market, location and class of the investment property.

The historical cost of the investment property if it had not been revalued would have been £2,790,000.

5

Debtors

	2025 £
Prepayments	438
	438

Salboy East Midlands BTL SPV Limited

Notes to the Financial Statements for the Period from 26 November 2024 to 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

		2025 £
Due within one year
Owed to group undertakings		2,797,557
Accruals and deferred income		8,497
		2,806,054

7	Parent and ultimate parent undertaking

The company's immediate parent is Salboy Property Limited, a company incorporated in England and Wales, company number 13834435, 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.