REGISTERED NUMBER: 02971159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SALVATEX HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs AC Almond

Mr ROA Almond

SECRETARY:

Mrs AC Almond

REGISTERED OFFICE:

5 Pywell Road

Willowbrook Industrial Estate

Corby

Northamptonshire

NN17 5XJ

REGISTERED NUMBER:

02971159 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

59,452

59,452

Investment property

6

1,825,000

1,825,000

1,884,452

1,884,452

CURRENT ASSETS

Debtors

7

935,765

1,017,380

Cash at bank

182,895

176,981

1,118,660

1,194,361

CREDITORS

Amounts falling due within one year

8

432,504

523,566

NET CURRENT ASSETS

686,156

670,795

TOTAL ASSETS LESS CURRENT LIABILITIES

2,570,608

2,555,247

CREDITORS

Amounts falling due after more than one year

9

(7,334

)

(15,334

)

PROVISIONS FOR LIABILITIES

(173,583

)

(173,583

)

NET ASSETS

2,389,691

2,366,330

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

520,750

520,750

Retained earnings

1,868,841

1,845,480

SHAREHOLDERS' FUNDS

2,389,691

2,366,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th December 2025 and were signed on its behalf by:

Mrs AC Almond - Director

1.	STATUTORY INFORMATION

Salvatex Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Other investments

Other investments are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st January 2024

and 31st December 2024

5,080

DEPRECIATION

At 1st January 2024

and 31st December 2024

5,080

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Commodities

59,452

59,452

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

1,825,000

NET BOOK VALUE

At 31st December 2024

1,825,000

At 31st December 2023

1,825,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2020

344,333

Valuation in 2021

405,200

Valuation in 2022

(55,200

)

Cost

1,130,667

1,825,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,130,667

1,130,667

Investment property was valued on an open market basis on 31st December 2023 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

22,807

Other debtors

935,765

994,573

935,765

1,017,380

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

1,642

1,487

Taxation and social security

39,824

57,618

Other creditors

383,038

456,461

432,504

523,566

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,334

15,334