Salstan Property Development ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 16251425

		28 February 2026
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		40,910
Investment Properties	5		656,147

			697,057
CURRENT ASSETS
Cash at bank and in hand		3,362

		3,362
Creditors: Amounts Falling Due Within One Year	6	(353,620 )

NET CURRENT ASSETS (LIABILITIES)			(350,258 )

TOTAL ASSETS LESS CURRENT LIABILITIES			346,799

Creditors: Amounts Falling Due After More Than One Year	7		(437,500 )

NET LIABILITIES			(90,701 )

CAPITAL AND RESERVES
Called up share capital	8		90
Income Statement			(90,791 )

SHAREHOLDERS' FUNDS			(90,701)

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Salstan Property Development ltd

Statement of Financial Position (continued)

As At 28 February 2026

For the period ending 28 February 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr A Rahimi

Director

21/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Salstan Property Development ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16251425 . The registered office is 358 Station Road, Harrow, Harrow, HA1 2DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Intangible Assets

	Development Costs
	£
Cost
As at 13 February 2025	40,910

As at 28 February 2026	40,910

...CONTINUED

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Salstan Property Development ltd

Notes to the Financial Statements (continued)

For the Period 13 February 2025 to 28 February 2026

Net Book Value
As at 28 February 2026	40,910

As at 13 February 2025	40,910

5. Investment Property

	28 February 2026
	£
Fair Value
As at 13 February 2025 and 28 February 2026	656,147

6. Creditors: Amounts Falling Due Within One Year

	28 February 2026
	£
Other loans - Lamsal	25,000
Accruals	1,200
Directors' loan accounts	324,040
Other Loan - Harris Cuffaro Nichols	3,380

	353,620

7. Creditors: Amounts Falling Due After More Than One Year

	28 February 2026
	£
Other loans	437,500

8. Share Capital

	28 February 2026
	£
Allotted, Called up and fully paid	90

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