Company Registration No. 12145582 (England and Wales)
SALLEM LTD
Unaudited accounts
for the year ended 31 August 2025
SALLEM LTD
Unaudited accounts
Contents
SALLEM LTD
Statement of financial position
as at 31 August 2025
Tangible assets
2,802,760
2,802,760
Cash at bank and in hand
-
42,244
Creditors: amounts falling due within one year
(204,473)
(361,594)
Net current liabilities
(203,486)
(22,394)
Total assets less current liabilities
2,599,274
2,780,366
Creditors: amounts falling due after more than one year
(3,007,089)
(3,112,128)
Net liabilities
(407,815)
(331,762)
Called up share capital
1
1
Profit and loss account
(407,816)
(331,763)
Shareholders' funds
(407,815)
(331,762)
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by
Fakhre Alam Khan
Director
Company Registration No. 12145582
SALLEM LTD
Notes to the Accounts
for the year ended 31 August 2025
SALLEM LTD is a private company, limited by shares, registered in England and Wales, registration number 12145582. The registered office is C/O Accounts & Tax Advisor Ltd, 29 Egerton Gardens, Ilford, IG3 9HP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 50 years
4
Tangible fixed assets
Land & buildings
At 1 September 2024
2,802,760
At 31 August 2025
2,802,760
At 31 August 2025
2,802,760
At 31 August 2024
2,802,760
Amounts falling due within one year
Accrued income and prepayments
-
667
SALLEM LTD
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
205,074
360,954
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
2,723,593
2,828,631
Other creditors
283,496
283,497
8
Transactions with related parties
At the end of the year, the company owed £2,723,593 (2024: £2,828,631) to Masadaf Investments Ltd where the ultimate beneficial owner Ahmad Salem Bugshan has a participating interest.
The parent company is Masadaf Investments Limited, a company incorporated in Guernsey. The ultimate controlling parties of Sallem Ltd are Ahmed Salem Bugshan.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).