Saltydog Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13058356 (England and Wales)

Unaudited Financial Statements

for the Period 2 December 2020 to 31 December 2021

for

SALTYDOG PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J A McGoldrick

P A McGoldrick

E E McGoldrick

REGISTERED OFFICE:

Fletchers Cottage

Two Mile Ash Road

Horsham

West Sussex

RH13 0LA

REGISTERED NUMBER:

13058356 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

452

Investment property

5

261,228

261,680

CURRENT ASSETS

Cash at bank

2,937

CREDITORS

Amounts falling due within one year

6

(116,907

)

NET CURRENT LIABILITIES

(113,970

)

TOTAL ASSETS LESS CURRENT LIABILITIES

147,710

CREDITORS

Amounts falling due after more than one year

7

(160,279

)

NET LIABILITIES

(12,569

)

CAPITAL AND RESERVES

Called up share capital

9

3

Retained earnings

(12,572

)

SHAREHOLDERS' FUNDS

(12,569

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 1 September 2022 and were signed on its behalf by:

E E McGoldrick - Director

1.	STATUTORY INFORMATION

Saltydog Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the fair value of consideration received or receivable and rental income is recognised on an accruals basis.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets, 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 entity after deducting all of its financial liabilities.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

599

At 31 December 2021

599

DEPRECIATION

Charge for period

147

At 31 December 2021

147

NET BOOK VALUE

At 31 December 2021

452

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

261,228

At 31 December 2021

261,228

NET BOOK VALUE

At 31 December 2021

261,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

116,907

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

160,279

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

160,279

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

160,279

The mortgage is secured by way of a charge on the investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

£1

3

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.