1 February 2024 false No description of principal activity Taxfiler 2024.6 01239506 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01239506 2024-01-31 01239506 2024-02-01 2025-01-31 01239506 business:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 01239506 business:FilletedAccounts 2024-02-01 2025-01-31 01239506 2025-01-31 01239506 business:Director4 2024-02-01 2025-01-31 01239506 business:Director5 2024-02-01 2025-01-31 01239506 business:Director8 2024-02-01 2025-01-31 01239506 business:RegisteredOffice 2024-02-01 2025-01-31 01239506 2024-01-31 01239506 core:WithinOneYear 2025-01-31 01239506 core:WithinOneYear 2024-01-31 01239506 core:AfterOneYear 2025-01-31 01239506 core:AfterOneYear 2024-01-31 01239506 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 01239506 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 01239506 core:SharePremium core:PreviouslyStatedAmount 2025-01-31 01239506 core:SharePremium core:PreviouslyStatedAmount 2024-01-31 01239506 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 01239506 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 01239506 core:PreviouslyStatedAmount 2025-01-31 01239506 core:PreviouslyStatedAmount 2024-01-31 01239506 business:SmallEntities 2024-02-01 2025-01-31 01239506 countries:EnglandWales 2024-02-01 2025-01-31 01239506 core:LandBuildings 2024-01-31 01239506 core:LandBuildings 2025-01-31 01239506 core:AfterOneYear 2024-02-01 2025-01-31 01239506 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 01239506 (England and Wales)
The Salcombe Company Limited Unaudited accounts for the year ended 31 January 2025
The Salcombe Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Salcombe Company Limited Company Information for the year ended 31 January 2025
Directors
S C Uren N C Roberts R J Taylor
Company Number
01239506 (England and Wales)
Registered Office
The Salcombe Fore Street Salcombe Devon TQ8 8JG
- 3 -
The Salcombe Company Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
59,686
59,686
Investments
5
100
100
59,786
59,786
Current assets
Debtors
6
13,421
40,316
Cash at bank and in hand
10,814
60,502
24,235
100,818
Creditors: amounts falling due within one year
7
(47,512)
(43,572)
Net current (liabilities)/assets
(23,277)
57,246
Total assets less current liabilities
36,509
117,032
Creditors: amounts falling due after more than one year
8
-
(70,000)
Net assets
36,509
47,032
Capital and reserves
Called up share capital
288
288
Share premium
59,883
59,883
Profit and loss account
(23,662)
(13,139)
Shareholders' funds
36,509
47,032
For the year ending 31 January 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 23 March 2026 and were signed on its behalf by
R J Taylor Director Company Registration No. 01239506
- 4 -
The Salcombe Company Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
The Salcombe Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01239506. The registered office is The Salcombe, Fore Street, Salcombe, Devon, TQ8 8JG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Employees
Employees represent the directors who held office during the period. The directors received no remuneration from the company.
Income from investments
Income from investments represents a dividend received from by the company's subsidiary, The Salcombe Management Company Limited.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 February 2024
59,686
At 31 January 2025
59,686
Depreciation
At 31 January 2025
-
Net book value
At 31 January 2025
59,686
At 31 January 2024
59,686
- 5 -
The Salcombe Company Limited Notes to the Accounts for the year ended 31 January 2025
5
Investments
Subsidiary undertakings
£
Valuation at 1 February 2024
100
Valuation at 31 January 2025
100
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
9,012
15,891
Other debtors
4,409
24,425
13,421
40,316
7
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
46,882
40,025
Accruals
630
1,218
Deferred income
-
2,329
47,512
43,572
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
70,000
Included within other creditors due after one year is a loan from the shareholders. The amount outstanding as at 31 January 2025 is £Nil (2024: £70,000). This loan is unsecured and interest free.
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 6 -