Company registration number 10888698 (England and Wales)
SALAMANDER HASKELL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SALAMANDER HASKELL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
The following pages do not form part of the statutory financial statements
SALAMANDER HASKELL LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,545,526
1,318,000
Investment property
5
747,687
747,687
2,293,213
2,065,687
Current assets
Debtors
6
1,133,250
1,138,229
Cash at bank and in hand
404,399
376,416
1,537,649
1,514,645
Creditors: amounts falling due within one year
7
(3,203,662)
(3,272,910)
Net current liabilities
(1,666,013)
(1,758,265)
Total assets less current liabilities
627,200
307,422
Creditors: amounts falling due after more than one year
8
(38,727)
(51,636)
Provisions for liabilities
Deferred tax liability
9
98,000
32,800
(98,000)
(32,800)
Net assets
490,473
222,986
Capital and reserves
Called up share capital
11
1
1
Profit and loss reserves
490,472
222,985
Total equity
490,473
222,986

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 2 March 2026
Mr M Haskell
Director
Company registration number 10888698 (England and Wales)
SALAMANDER HASKELL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2023
1
597,206
597,207
Year ended 30 September 2024:
Profit and total comprehensive income
-
285,779
285,779
Dividends
-
(660,000)
(660,000)
Balance at 30 September 2024
1
222,985
222,986
Year ended 30 September 2025:
Profit and total comprehensive income
-
267,487
267,487
Balance at 30 September 2025
1
490,472
490,473
SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Salamander Haskell Limited is a private company limited by shares incorporated in England and Wales. The registered office is Salamander Works, Old Bank, Slaithwaite, Huddersfield, HD7 5HB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental of plant and machinery and property, stated net of discounts and of Value Added Tax.

Revenue from rental of plant and machinery and property is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
See 1.5 below
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Investment property

FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" requires properties held for investment to be included in the Balance Sheet at their fair value when it can be measured reliably.
In relation to the property rented to its fellow subsidiary company the Director has taken advantage of the exemption in FRS102 that a property rented to a group company may be included in the accounts at depreciated cost. The Director believes that the residual value of the property is at least equivalent to its cost and therefore the depreciation rate, subject to consideration of impairment, is zero.
In relation to property which is not rented to a group company, the director considers that to comply with the requirement to include the property at its fair value annually would involve unjustifiable expense and therefore this investment property is included at depreciated cost. The Director acknowledges that this treatment does not comply with FRS102. The Director believes that the residual value of the property is at least equivalent to its cost and therefore the depreciation rate, subject to consideration of impairment, is zero.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities

1.8
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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 the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
1
1
SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
4
Tangible fixed assets
Freehold property
Plant and machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost
At 1 October 2024
818,787
1,644,622
119,962
28,284
2,611,655
Additions
-
0
330,020
40,250
-
0
370,270
Disposals
-
0
(87)
-
0
-
0
(87)
Other changes
-
0
102,000
-
0
-
0
102,000
At 30 September 2025
818,787
2,076,555
160,212
28,284
3,083,838
Depreciation and impairment
At 1 October 2024
-
0
1,209,907
56,189
27,559
1,293,655
Depreciation charged in the year
-
0
134,132
18,459
725
153,316
Eliminated in respect of disposals
-
0
(74)
-
0
-
0
(74)
Other changes
-
0
91,415
-
0
-
0
91,415
At 30 September 2025
-
0
1,435,380
74,648
28,284
1,538,312
Carrying amount
At 30 September 2025
818,787
641,175
85,564
-
0
1,545,526
At 30 September 2024
818,787
434,715
63,773
725
1,318,000

The freehold property is used by a group company and is stated at cost, which is considered to be a reasonable estimation of current market value.

5
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
747,687

The freehold investment property is rented to third party tenants. Based on independent property valuations carried out in June 2023 there is no material difference between market value and cost value and the property continues to be stated at cost value.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,979
Other debtors
1,133,250
1,136,250
1,133,250
1,138,229

Included in Other debtors above is an amount of £29,250 falling due after more than one year (2024: £32,250).

SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Amounts owed to group undertakings
3,150,119
3,123,148
Corporation tax
23,880
112,065
Other taxation and social security
7,755
12,234
Government grants
10
12,909
17,213
Accruals and deferred income
8,999
8,250
3,203,662
3,272,910
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Government grants
10
38,727
51,636
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
98,000
32,800
2025
Movements in the year:
£
Liability at 1 October 2024
32,800
Charge to profit or loss
65,200
Liability at 30 September 2025
98,000
10
Government grants
2025
2024
£
£
Arising from government grants
51,636
68,849
Included in the financial statements as follows:
Current liabilities
12,909
17,213
Non-current liabilities
38,727
51,636
51,636
68,849
SALAMANDER HASKELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
11
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
100
100
1
1
12
Audit report information

As the income statement 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 auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
David Butterworth
Statutory Auditor:
Wheawill & Sudworth Limited
Date of audit report:
2 March 2026
13
Operating lease commitments
Lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

2025
2024
£
£
Within one year
73,824
73,824
Between two and five years
259,842
277,210
In over five years
37,640
94,101
371,306
445,135
14
Related party transactions

Included in debtors is a loan of £1,101,000 (2024: £1,101,000) owed by a company controlled by the director. This loan is unsecured, repayable on demand and currently interest-free.

Included in creditors are loans owed to the parent company and a fellow subsidiary company totalling £3,150,119 (2024: £3,123,148). These loans are unsecured, repayable on demand and currently interest-free.

The company is a wholly-owned subsidiary of Salamander Haskell Holdings Limited. This company is controlled by M Haskell.

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