SNOW (NORTH WEST) LIMITED

Company Registration Number:
08421867 (England and Wales)

Unaudited abridged accounts for the year ended 26 February 2023

Period of accounts

Start date: 27 February 2022

End date: 26 February 2023

SNOW (NORTH WEST) LIMITED

Contents of the Financial Statements

for the Period Ended 26 February 2023

Balance sheet
Notes

SNOW (NORTH WEST) LIMITED

Balance sheet

As at 26 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 11,910 14,152
Investments: 4 4,267,536 3,726,372
Total fixed assets: 4,279,446 3,740,524
Current assets
Debtors: 5 214,952 189,856
Cash at bank and in hand: 1 1
Total current assets: 214,953 189,857
Creditors: amounts falling due within one year: 6 (371,366) (384,067)
Net current assets (liabilities): (156,413) (194,210)
Total assets less current liabilities: 4,123,033 3,546,314
Creditors: amounts falling due after more than one year: 7 (2,208,132) (1,716,842)
Provision for liabilities: (356,544) (353,566)
Total net assets (liabilities): 1,558,357 1,475,906
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,558,356 1,475,905
Shareholders funds: 1,558,357 1,475,906

The notes form part of these financial statements

SNOW (NORTH WEST) LIMITED

Balance sheet statements

For the year ending 26 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 January 2024
and signed on behalf of the board by:

Name: R E Foden
Status: Director

The notes form part of these financial statements

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable in respect of rental income due prior to the Balance Sheet date and provided in the normal course of business.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their estimated residual values over their useful lives on the following bases:Fixtures, fittings and equipment – 20% per annum straight line basisComputer equipment - 33% per annum straight line basisMotor vehicles - 25% per annum reducing balance basis

Other accounting policies

Investment property, which is property held to earn rentals and /or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are credited or charged to profit and loss.

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

3. Tangible Assets

Total
Cost £
At 27 February 2022 29,450
Additions 984
At 26 February 2023 30,434
Depreciation
At 27 February 2022 15,298
Charge for year 3,226
At 26 February 2023 18,524
Net book value
At 26 February 2023 11,910
At 26 February 2022 14,152

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

4. Fixed investments

At the Balance Sheet date, investment properties are stated at a fair value of £4,267,536 (2022 - £3,726,372).

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts £164,202 (2022 - £226,275), Trade creditors £19,129 (2022 - £4,588), Corporation tax £41,777 (2022 - £57,760), Other creditors £146,258 (2022 - £95,444), Total £371,366 (2022 - £384,067).At the Balance Sheet date, the aggregate amount of creditors for which security has been given amounted to £164,202 (2022 - £226,275).

SNOW (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 26 February 2023

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £1,405,000 (2022 - £1,125,000), Other creditors £803,132 (2022 - £591,842), Total £2,208,132 (2022 - £1,716,842).At the Balance Sheet date, the aggregate amount of creditors for which security has been given amounted to £1,405.000 (2022 - £1,125,000).