REGISTERED NUMBER: 08522926 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SALPRIME LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

4

1,195,000

1,199,902

Debtors

5

79

18,095

Cash and cash equivalents

6

468

2,737

1,195,547

1,220,734

CREDITORS

Amounts falling due within one year

7

(300,828

)

(276,239

)

NET CURRENT ASSETS

894,719

944,495

TOTAL ASSETS LESS CURRENT LIABILITIES

894,719

944,495

CAPITAL AND RESERVES

Called up share capital

8

1,010,518

1,010,518

Retained earnings

(115,799

)

(66,023

)

SHAREHOLDERS' FUNDS

894,719

944,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

R G Mcgregor - Director

1.	GENERAL INFORMATION

The company is a private company limited by shares, which is incorporated and domiciled in the UK. The address of the company's registered office is 55 Ludgate Hill, London, EC4M 7JW.

The principle activity of the company continued to be that of property development.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Going concern

The directors consider the going concern basis to be appropriate having paid due respect to the company's projected results during the twelve months from the date that the financial statements are approved and the anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during that period.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The financial statements do not include any adjustments that would result from a withdrawal of the support outlined above.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

2025

2024

£

£

Stock: Property purchase costs

1,195,000

1,199,902

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

18,000

Prepayments

79

95

79

18,095

6.	CASH AND CASH EQUIVALENTS

2025

2024

£

£

Cash at bank and in hand

468

2,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

12,076

19,641

Other creditors

153,228

121,337

Directors' current accounts

130,000

130,000

Accruals

5,524

5,261

300,828

276,239

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,010,518

Ordinary

1

1,010,518

1,010,518

9.	RELATED PARTY DISCLOSURES

Included within Other creditors are amounts payable to other companies under the common control of the directors £153,108 (2024: 121,337).

Included within Creditors, Directors' current accounts is an interest free loan of £130,000 (2024: £130,000) from the company's sole shareholder; the loan is repayable on demand.