Santander Salt Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07431769

Santander Salt Limited

Filleted Unaudited Financial Statements

31 August 2025

Santander Salt Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Santander Salt Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	–	35,547

Current assets

Stocks		–	1,082,810
Debtors	6	208,211	371,311
		---------	------------
		208,211	1,454,121

Creditors: amounts falling due within one year	7	1,987,380	2,853,218
		------------	------------
Net current liabilities		1,779,169	1,399,097
		------------	------------
Total assets less current liabilities		( 1,779,169)	( 1,363,550)

Creditors: amounts falling due after more than one year	8	60,000	132,000

Provisions	( 348,327)	( 348,327)
	------------	------------
Net liabilities	( 1,490,842)	( 1,147,223)
	------------	------------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 1,500,842)	( 1,157,223)
	------------	------------
Shareholders deficit	( 1,490,842)	( 1,147,223)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Santander Salt Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

R K Body

Director

Company registration number: 07431769

Santander Salt Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, New Dover Road, Canterbury, CT1 3DN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis relying on the continuing support of companies under common control. The Directors have assessed the ability of the connected companies to continue to support the company, along with other facilities and government support. At the year end the company owed three companies under common control £1,410,000. The companies have agreed to continue to support Santander Salt Limited for the foreseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	20% straight line
Plant and machinery	-	10-25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	51,191	202,779	253,970
	--------	---------	---------
Depreciation
At 1 September 2024	51,191	167,232	218,423
Charge for the year	–	35,547	35,547
	--------	---------	---------
At 31 August 2025	51,191	202,779	253,970
	--------	---------	---------
Carrying amount
At 31 August 2025	–	–	–
	--------	---------	---------
At 31 August 2024	–	35,547	35,547
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	91,119	274,722
Other debtors	117,092	96,589
	---------	---------
	208,211	371,311
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	141,606	270,452
Trade creditors	396,042	951,822
Social security and other taxes	4,776	17,766
Other creditors	1,444,956	1,613,178
	------------	------------
	1,987,380	2,853,218
	------------	------------

Bank loans are secured by way of a fixed charge over all the undertaking, all property and assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	60,000	132,000
	--------	---------

Bank loans are secured by way of a fixed charge over all the undertaking, all property and assets of the company.

9. Related party transactions

At the balance sheet date, the company owed £1,410,000 (2024: £1,586,483) to three companies under common control. No interest was charged on this balance in the current or prior year. At the balance sheet date, the company had trade creditors balances payable of £43,378 (2024: £5,406) to three companies which are related due to common control.