Silverfin false false 31/12/2025 01/01/2025 31/12/2025 D Imrie R Ashcroft 05/08/2022 R Faxon 11/12/2025 05/08/2022 P Sant 05/07/2022 B Ulvaeus 15/10/2025 01/07/2023 A Williams 03/09/2025 22/12/2023 17 August 2026 The principal activity of the company is to be a holding company to buy and control the ownership interests of other companies. 14215283 2025-12-31 14215283 bus:Director2 2025-12-31 14215283 bus:Director3 2025-12-31 14215283 bus:Director4 2025-12-31 14215283 bus:Director5 2025-12-31 14215283 bus:Director6 2025-12-31 14215283 2024-12-31 14215283 core:CurrentFinancialInstruments 2025-12-31 14215283 core:CurrentFinancialInstruments 2024-12-31 14215283 core:ShareCapital 2025-12-31 14215283 core:ShareCapital 2024-12-31 14215283 core:SharePremium 2025-12-31 14215283 core:SharePremium 2024-12-31 14215283 core:CapitalContributionReserve 2025-12-31 14215283 core:CapitalContributionReserve 2024-12-31 14215283 core:RetainedEarningsAccumulatedLosses 2025-12-31 14215283 core:RetainedEarningsAccumulatedLosses 2024-12-31 14215283 core:CostValuation 2024-12-31 14215283 core:CostValuation 2025-12-31 14215283 bus:OrdinaryShareClass1 2025-12-31 14215283 bus:OrdinaryShareClass2 2025-12-31 14215283 bus:OrdinaryShareClass3 2025-12-31 14215283 2025-01-01 2025-12-31 14215283 bus:FilletedAccounts 2025-01-01 2025-12-31 14215283 bus:SmallEntities 2025-01-01 2025-12-31 14215283 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 14215283 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14215283 bus:Director1 2025-01-01 2025-12-31 14215283 bus:Director2 2025-01-01 2025-12-31 14215283 bus:Director3 2025-01-01 2025-12-31 14215283 bus:Director4 2025-01-01 2025-12-31 14215283 bus:Director5 2025-01-01 2025-12-31 14215283 bus:Director6 2025-01-01 2025-12-31 14215283 2024-01-01 2024-12-31 14215283 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 14215283 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14215283 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 14215283 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 14215283 bus:OrdinaryShareClass3 2025-01-01 2025-12-31 14215283 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14215283 (England and Wales)

# SALT LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

SALT LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

SALT LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
SALT LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 2 |  | 2
|  | 2 |  | 2
Current assets |  |  |  |
Debtors | 4 | 5,697,925 |  | 3,419,215
Cash at bank and in hand | 5 | 49,107 |  | 1,135,017
|  | 5,747,032 |  | 4,554,232
Creditors: amounts falling due within one year | 6 | ( 31,989) |  | ( 91,707)
Net current assets |  | 5,715,043 |  | 4,462,525
Total assets less current liabilities |  | 5,715,045 |  | 4,462,527
Net assets |  | 5,715,045 |  | 4,462,527
Capital and reserves |  |  |  |
Called-up share capital | 7 | 148 |  | 124
Share premium account |  | 6,939,953 |  | 3,439,977
Capital contribution reserve |  | 0 |  | 1,800,000
Profit and loss account |  | ( 1,225,056 ) |  | ( 777,574 )
Total shareholders' funds |  | 5,715,045 |  | 4,462,527

For the financial year ending 31 December 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Salt Limited (registered number: 14215283) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Imrie Director |

17 August 2026

SALT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
SALT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Salt Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 9 Hafer Road, C/O Ground Floor, London, SW11 1HF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Comprehensive Income. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 5 |  | 6

#### 3. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 2
At 31 December 2025 | 2
Carrying value at 31 December 2025 | 2
Carrying value at 31 December 2024 | 2

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by group undertakings | 5,638,880 |  | 3,352,104
Other debtors | 59,045 |  | 67,111
| 5,697,925 |  | 3,419,215

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 49,107 |  | 1,135,017

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 2,500 |  | 69,300
Other taxation and social security | 23,589 |  | 17,130
Other creditors | 5,900 |  | 5,277
| 31,989 |  | 91,707

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,002,815 Ordinary shares of £ 0.0001 each | 100.28 |  | 100.28
466,615 Ordinary A shares of £ 0.0001 each (2024: 234,672 shares of £ 0.0001 each) | 46.66 |  | 23.47
6,822 Ordinary B shares of £ 0.0001 each (2024: nil shares) | 0.68 |  | 0
| 147.62 |  | 123.75

On 16 January 2025, a number of new shares were issued by the company. 231,943 Ordinary A £0.0001 shares for a cash consideration of £3,399,997 and 6,822 £0.0001 Ordinary B shares for a cash consideration of £100,003.

#### 8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

Where possible the company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transactions with wholly-owned group undertakings.