Registered number
10910003
SN PROPERTY INVESTMENTS LTD
Filleted Accounts
22 August 2022
SN PROPERTY INVESTMENTS LTD
Registered number: 10910003
Balance Sheet
as at 22 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 494,633 494,633
Current assets
Debtors 4 7,762 2,509
Cash at bank and in hand 1,194 4,503
8,956 7,012
Creditors: amounts falling due within one year 5 (4,220) (3,487)
Net current assets 4,736 3,525
Total assets less current liabilities 499,369 498,158
Creditors: amounts falling due after more than one year 6 (352,081) (351,451)
Provisions for liabilities (28,500) (28,500)
Net assets 118,788 118,207
Capital and reserves
Called up share capital 100 100
Profit and loss account 118,688 118,107
Shareholders' funds 118,788 118,207
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr George M Nicodemou
Director
Approved by the board on 18 August 2023
SN PROPERTY INVESTMENTS LTD
Notes to the Accounts
for the period from 1 September 2021 to 22 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents reivable from residential lettings.
Tangible fixed assets
No depreciation is provided on investment property.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Leasehold property
£
Cost
At 1 September 2021 494,633
At 22 August 2022 494,633
Depreciation
At 22 August 2022 -
Net book value
At 22 August 2022 494,633
At 31 August 2021 494,633
4 Debtors 2022 2021
£ £
Trade debtors 6,840 1,840
Other debtors and prepayments 922 669
7,762 2,509
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors and accruals 4,220 3,487
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 264,883 264,883
Directors' loans 87,198 86,568
352,081 351,451
7 Other information
SN PROPERTY INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
18 Aldermans Hill
Palmers Green
London
N13 4PN
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