SALVAY PROPERTY MANAGEMENT LTD


Directors	BRANIFF, Christopher James
	BRANIFF, Natasha Nafiseh


Registered Address	31 Brook Lane
	Warsash
	Southampton
	SO31 9FF


Registered Number	13139996 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investments	4		532,894		532,894
			532,894		532,894
Current assets
Debtors	5	1,237		381
Cash at bank and on hand		5,419		5,430
		6,656		5,811
Creditors amounts falling due within one year	6	(202,376)		(197,361)
Net current assets (liabilities)			(195,720)		(191,550)
Total assets less current liabilities			337,174		341,344
Creditors amounts falling due after one year	7		(349,113)		(345,641)
Net assets			(11,939)		(4,297)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(11,941)		(4,299)
Shareholders' funds			(11,939)		(4,297)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2026, and are signed on its behalf by:

BRANIFF, Christopher James
Director
Registered Company No. 13139996

SALVAY PROPERTY MANAGEMENT LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102'), including the reduced disclosure requirements of Section 1A of FRS 102. The disclosure requirements of Section 1A have been applied other than where additional disclosure is required to give a true and fair view.

Statement of compliance

The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102'), including the reduced disclosure requirements of Section 1A of FRS 102. The disclosure requirements of Section 1A have been applied other than where additional disclosure is required to give a true and fair view.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

	Functional and presentation currency
	The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

	Going concern
	At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover represents rental income receivable in respect of the letting of investment properties during the year, and is recognised on a straight-line basis over the term of the relevant lease.

	Current taxation
	Current tax is recognised in profit or loss. Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid or recovered using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss. Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid or recovered using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investment property Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately.

	Financial instruments
	The company only enters into basic financial instrument transactions. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with 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. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently measured at amortised cost using the effective interest method. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price and are subsequently measured at amortised cost using the effective interest method. Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Financial instruments

The company only enters into basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently measured at amortised cost using the effective interest method.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price and are subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		2

3.	Tangible fixed assets

4.	Fixed asset investments
	The amount shown above represents the company's investment properties, held to earn rental income and measured at fair value in accordance with FRS 102 Section 16. The fair value of the investment properties has been assessed by the directors based on their knowledge of comparable properties in the local market. No adjustment to fair value was considered necessary at the reporting date.

		Total
		£
	Cost or valuation
	At 01 February 25	532,894
	At 31 January 26	532,894
	Net book value
	At 31 January 26	532,894
	At 31 January 25	532,894

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	732	96
Prepayments and accrued income	505	285
Total	1,237	381

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	-	732
Other creditors	200,144	195,309
Accrued liabilities and deferred income	2,232	1,320
Total	202,376	197,361

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	349,113	345,641
Total	349,113	345,641


	Included in creditors are bank loans secured by fixed charges over the company's investment properties.

8.	Related party transactions
	At the balance sheet date, the company owed its directors £192,780 (2025: £194,449).

9.	Parent-subsidiary relationships
	The company's immediate parent company is Salvay Group Ltd, a company incorporated in England and Wales. The company has taken advantage of the exemption available under FRS 102 paragraph 33.1A whereby it has not disclosed transactions with other wholly owned group companies.