REGISTERED NUMBER: 10534716 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Salvage Mart Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Sikander Ali

REGISTERED OFFICE:

12 Cranbrook Rise

Ilford

IG1 3QN

REGISTERED NUMBER:

10534716 (England and Wales)

FIXED ASSETS

Intangible assets

4

70

-

Investment property

5

93,459

-

93,529

-

CURRENT ASSETS

Cash at bank and in hand

2,340

100

CREDITORS

Amounts falling due within one year

6

97,139

-

NET CURRENT (LIABILITIES)/ASSETS

(94,799

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,270

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,370

)

-

(1,270

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2026 and were signed by:

Sikander Ali - Director

1.	STATUTORY INFORMATION

Salvage Mart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Digital currencies, including Bitcoin, are classified as intangible assets because they are identifiable, non-monetary assets without physical substance, and are not cash or cash equivalents.

The company accounts for cryptocurrency investments using the cost model. Cryptocurrency assets are initially recognized at cost (their Great British Pound equivalent at the transaction date) and are subsequently carried at cost less any accumulated impairment losses.

The assets are assessed for impairment at each reporting date. Impairment losses are recognised immediately in the Profit and Loss Account.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

Going concern

The total current liabilities exceed the total current assets of the company as at 31 December 2025. The director has confirmed that the company will have continuous support from the creditors. The director is confident that the company has sufficient resources to trade as a going concern. It is for these reasons the accounts have been prepared as a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

70

At 31 December 2025

70

NET BOOK VALUE

At 31 December 2025

70

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

93,459

At 31 December 2025

93,459

NET BOOK VALUE

At 31 December 2025

93,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Other creditors

97,139

-