Company No: 13448238 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	200,000		200,000
		200,000		200,000
Current assets
Debtors	4	12,714		13,886
Cash at bank and in hand		4,351		1,319
		17,065		15,205
Creditors: amounts falling due within one year	5	( 137,254)		( 135,321)
Net current liabilities		(120,189)		(120,116)
Total assets less current liabilities		79,811		79,884
Creditors: amounts falling due after more than one year	6	( 141,560)		( 141,560)
Net liabilities		( 61,749)		( 61,676)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 61,849 )		( 61,776 )
Total shareholders' deficit		( 61,749)		( 61,676)

For the financial year ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Income and Retained Earnings has not been delivered.

The financial statements of SALIXX HOMES LTD (registered number: 13448238) were approved and authorised for issue by the Director on 20 October 2026. They were signed on its behalf by:

H D S Yates Director

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

SALIXX HOMES LTD (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 Bishop Fleming, 1-3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is 53 Geraldine Road, Malvern, Worcestershire, WR13 3NU.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £61,749. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental income is stated net of VAT and is recognised when the company has the right to receive consideration under the terms of the tenancy agreement. Rental income is measured at the fair value of the consideration received or receivable. Rental income received in advance of the period to which it relates is included within debtors falling due within one year and included within creditors falling due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

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

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Investment property

	Investment property
	£
Valuation
As at 01 July 2025	200,000
As at 30 June 2026	200,000

Assumptions

The 2026 valuations were made by the director, on an open market value for existing use basis. The valuation was arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement.

The investment property has been included at fair value, based on a valuation carried out by an independent external valuer.

4. Debtors

	2026		2025
	£		£
Trade debtors	116		1,276
Prepayments	1,582		1,619
Deferred tax asset	11,016		10,991
	12,714		13,886

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		648
Amounts owed to director	134,014		133,202
Accruals	3,240		1,471
	137,254		135,321

There are no amounts included above in respect of which any security has been given by the small entity.

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

	2026		2025
	£		£
Bank loans (secured)	141,560		141,560

The bank loans are secured by a fixed charge over the investment property.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans (secured)	141,560		141,560

7. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Amounts owed to directors	134,014		133,202

This balance is interest free and has no fixed repayment date.