Salgee Investments - Accounts to registrar (filleted) - small 23.2.5

Salgee Investments - Accounts to registrar (filleted) - small 23.2.5

SALGEE INVESTMENTS - Company Information

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REGISTERED NUMBER: 00554219 (England and Wales)















SALGEE INVESTMENTS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SALGEE INVESTMENTS (REGISTERED NUMBER: 00554219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


SALGEE INVESTMENTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs V A Liggins
H M Parker
R S Parker





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 00554219 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF
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SALGEE INVESTMENTS (REGISTERED NUMBER: 00554219)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,451 681,510

CURRENT ASSETS
Debtors 5 - 3,100
Cash at bank 1,229,042 325,283
1,229,042 328,383
CREDITORS
Amounts falling due within one year 6 32,172 7,016
NET CURRENT ASSETS 1,196,870 321,367
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,200,321
1,002,877

CAPITAL AND RESERVES
Called up share capital 495 495
Other reserves 1,199,824 1,002,380
Retained earnings 2 2
SHAREHOLDERS' FUNDS 1,200,321 1,002,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 notes form part of these financial statements

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SALGEE INVESTMENTS (REGISTERED NUMBER: 00554219)

BALANCE SHEET - continued
31 MARCH 2023


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 29 September 2023 and were signed on its behalf by:




H M Parker - Director



R S Parker - Director


The notes form part of these financial statements

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SALGEE INVESTMENTS (REGISTERED NUMBER: 00554219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Salgee Investments is a private company , 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

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SALGEE INVESTMENTS (REGISTERED NUMBER: 00554219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 681,510
Additions 8,218
Disposals (686,277 )
At 31 March 2023 3,451
NET BOOK VALUE
At 31 March 2023 3,451
At 31 March 2022 681,510

Directors' valuation of unlisted investments was performed by Citi Quilter and took place at 31 March 2023. The basis of the valuation was at market value £266,906 (2022 - £266,906).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 26,453 (72 )
Other creditors 5,719 7,088
32,172 7,016

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