REGISTERED NUMBER: 04229027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SALTY PINE CONES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Sedcole

J P Sedcole

SECRETARY:

S J Sedcole

REGISTERED OFFICE:

Sykes Farm

Burnby

Pocklington

York

YO42 1RS

REGISTERED NUMBER:

04229027 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

YO30 5PA

FIXED ASSETS

Investment property

4

640,000

640,000

CURRENT ASSETS

Debtors

5

428

205

Cash at bank

7,048

3,124

7,476

3,329

CREDITORS

Amounts falling due within one year

6

(90,877

)

(94,723

)

NET CURRENT LIABILITIES

(83,401

)

(91,394

)

TOTAL ASSETS LESS CURRENT LIABILITIES

556,599

548,606

CREDITORS

Amounts falling due after more than one year

7

(62,040

)

(64,588

)

PROVISIONS FOR LIABILITIES

(59,754

)

(59,754

)

NET ASSETS

434,805

424,264

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

262,486

262,486

Retained earnings

172,317

161,776

434,805

424,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 September 2026 and were signed on its behalf by:

S J Sedcole - Director

1.	STATUTORY INFORMATION

Salty Pine Cones 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 as modified by the revaluation of certain assets.

These 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 £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

640,000

NET BOOK VALUE

At 31 March 2026

640,000

At 31 March 2025

640,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2005

52,970

Valuation in 2006

10,000

Valuation in 2011

7,101

Valuation in 2014

22,169

Valuation in 2016

30,000

Valuation in 2017

10,000

Valuation in 2021

60,000

Valuation in 2024

130,000

Cost

317,760

640,000

Investment property was valued on an open market basis on 31 March 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

428

205

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,770

2,992

Payments on account

1,414

1,322

Taxation and social security

2,351

-

Other creditors

84,342

90,409

90,877

94,723

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

62,040

64,588

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

64,810

-

The bank loan is secured by a legal charge over two of the company's investment properties being 63 Queen Victoria Street and 13 Albany Street.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

262,486

10.	CONTINGENT LIABILITIES

At the 31 March 2026, the company has recognised income from electricity generated at its property. The directors have become aware of circumstances that may require the repayment of all of this income, pending the outcome of ongoing discussions with the relevant utility provider. The amount potentially repayable has been reliably measured at £460.34. No provision has been made in these financial statements as the directors consider the likelihood of repayment to be possible, but not probable, based on current information.