Registration number: 00473430

Salmon Management and Finance Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Salmon Management and Finance Limited

Company Information

Directors

M B Gluck H Wilson P F C Fairbairn

Registered office

Leavesden Park Suite 1 5 Hercules Way Watford Hertfordshire WD25 7GS

Accountants

Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Auditors

Gerald Edelman LLP 73 Cornhill London EC3V 3QQ

Salmon Management and Finance Limited

(Registration number: 00473430)
Balance Sheet as at 31 March 2025

	Note	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,216		1,390
Investments	5		3,304,106		3,146,283
			3,305,322		3,147,673
Current assets
Other financial assets	6	9,866,508		9,859,906
Debtors	7	10,233,458		10,567,141
Cash at bank and in hand		501,684		216,428
		20,601,650		20,643,475
Creditors: Amounts falling due within one year	8	(204,944)		(249,377)
Net current assets			20,396,706		20,394,098
Total assets less current liabilities			23,702,028		23,541,771
Provisions for liabilities			(230,000)		(250,000)
Net assets			23,472,028		23,291,771
Capital and reserves
Called up share capital		1,497		1,497
Share premium reserve		7,390,302		7,390,302
Other reserves		120		120
Retained earnings		16,080,109		15,899,852
Shareholders' funds			23,472,028		23,291,771

These financial statements have been prepared and delivered in accordance with the special 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 19 December 2025 and signed on its behalf by:
 

......................................... H Wilson Director

Salmon Management and Finance Limited

Notes to the Financial Statements for the Year Ended 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:
Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
United Kingdom

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 presented in sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Audit report

As the profit and loss account has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 19 December 2025 was Hemen Doshi FCCA, who signed for and on behalf of Gerald Edelman LLP.

Judgements

The fair value of the investment portfolio is derived by the directors from current market data available.

Salmon Management and Finance Limited

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

Revenue recognition

The company has 4 sources of revenue deriving from it's activities:

- Management of client properties. Fees are rendered by reference to a percentage of costs incurred and rents demanded.
- Oversight of client assets. Fees are rendered by reference to pre agreed charges.
- Making of loans. Interest is charged by reference to market rates on loan balances outstanding.
- Managing the financial assets invested through third parties.

Each revenue is recognised as income when the service has been provided and the amount receivable can be reliably measured and that it is probable that a future economic benefit will flow to the entity. VAT is excluded from all amounts.

Cost of sales

Included in cost of sales are repairs, commissions, and other ancillary expenses relating to charges incurred directly by the company in providing management services to its clients. Such expenses are charged to the profit and loss account in the year they are incurred.

Operating expenses

Operating expenses are recognised in the Profit and loss account as the service is used or as incurred.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except where 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	12.5% reducing balance basis

Salmon Management and Finance Limited

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

Investments

Financial asset investments being 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.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from clients for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

Salmon Management and Finance Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	5,485	5,485
At 31 March 2025	5,485	5,485
Depreciation
At 1 April 2024	4,095	4,095
Charge for the year	174	174
At 31 March 2025	4,269	4,269
Carrying amount
At 31 March 2025	1,216	1,216
At 31 March 2024	1,390	1,390

Salmon Management and Finance Limited

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

5	Investments

	2025 £	2024 £
Investments in subsidiaries	3,304,106	3,146,283