Salkeld Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

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Salkeld Limited

Balance Sheet

As At 29 April 2025

Balance Sheet

Registered number: 10711341

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		4,587,412		4,177,412

			4,587,412		4,177,412
CURRENT ASSETS
Debtors	5	6,061,901		12,017
Cash at bank and in hand		33,955		40,397

		6,095,856		52,414
Creditors: Amounts Falling Due Within One Year	6	(10,049,534 )		(49,888 )

NET CURRENT ASSETS (LIABILITIES)			(3,953,678 )		2,526

TOTAL ASSETS LESS CURRENT LIABILITIES			633,734		4,179,938

Creditors: Amounts Falling Due After More Than One Year	7		-		(4,744,572 )

NET ASSETS/(LIABILITIES)			633,734		(564,634 )

CAPITAL AND RESERVES
Called up share capital	8		11,510		10
Share premium account			1,824,027		685,527
Profit and Loss Account			(1,201,803 )		(1,250,171 )

SHAREHOLDERS' FUNDS			633,734		(564,634)

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Salkeld Limited

Balance Sheet (continued)

As At 29 April 2025

For the year ending 29 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Judge

Director

20 April 2026

The notes on pages 4 to 5 form part of these financial statements.

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Salkeld Limited

Notes to the Financial Statements

For The Year Ended 29 April 2025

Notes to the Financial Statements

1. General Information

Salkeld Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10711341 . The registered office is 25 St. Thomas Street, Winchester, Hampshire, SO23 9HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared in GBP which is the functional currency of Salkeld Limited (the 'Company'). The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of lreland and the requirements of the Companies Act 2006 as applied to companies subject to the small companies regime. The disclosure requirements of section 14 of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted are set out below.

2.2. Investment

lnvestments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

2.3. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any costs and subsequently measured at amortised cost determined using the effective interest method.

2.4. Group financial statements

The company and its subsidiary undertakings comprise a small-sized group. The company therefore has taken advantage of the exemption provided by section 399 of the Companies Act, 2006 not to prepare group financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 30 April 2024	4,177,412
Additions	410,000

As at 29 April 2025	4,587,412

Provision
As at 30 April 2024	-

As at 29 April 2025	-

Net Book Value
As at 29 April 2025	4,587,412

As at 30 April 2024	4,177,412

The company directly owns 100% of Weyborne Limited, Brackenwood Polo Limited and Scaliscro Estates Limited, all of whom have their registered office at 25 St Thomas Street, Winbchester, Hampshire, SO23 9HJ, UK.

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Salkeld Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 April 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,128	2,131
HMRC	-	9,886
Amounts owed by subsidiaries	6,060,773	-

	6,061,901	12,017

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	9,888
Directors' loan accounts	5,835,957	40,000
Amounts owed to related parties	4,213,577	-

	10,049,534	49,888

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to related parties	-	4,744,572

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11,510	10

9. Related Party Transactions

All purchases from related parties are made at normal market prices. Except for the transactions listed below there have been no transactions with related parties who are not members of the group during the year ending 30 April 2025.

During the year, the company had intercompany transactions of £20,000 (2024: £20,000) with Curzon Resources Limited, a company under common control of the director, Mr Nicholas Clarke, owing nil (2024: £20,000) at year-end.

During the year, the company had intercompany transactions of £510,995 (2024: £225,887) with Curzon African Holdings Ltd, a company under common control of the director, Mr Nicholas Clarke, owing £4,215,577 (2024: £4,724,572) at year-end.

During the year the company had intercompany transactions of £5,795,957 (2024: £32,045) with the director, Mr Nicholas Clarke, owing £5,835,957 (2024: £40,000) at year-end.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Nicholas Clarke by virtue of his ownership of 100% of the issued share capital in the company.

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Directors	Mr Nicholas Clarke
	Mr David Judge

Company Number	10711341

Registered Office	25 St. Thomas Street
	Winchester
	Hampshire
	SO23 9HJ

Business	Weyborne Estate
	Blackdown Park
	Haslemere
	GU27 3DR

Bankers	Barclays Bank (Suisse) SA
	18 - 20 Chemin de Grange-Canal
	Geneva
	Switzerland

Solicitors	Mishcon de Reya
	Africa House
	70 Kingsway
	London
	WC2B 6AH