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REGISTERED NUMBER: 10832743 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 30 June 2024

for

S N P PROPERTY MANAGEMENT LIMITED

S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


S N P PROPERTY MANAGEMENT LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S PATEL





SECRETARY: B Mehta





REGISTERED OFFICE: 102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT





REGISTERED NUMBER: 10832743 (England and Wales)





ACCOUNTANTS: B MEHTA & CO
102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT

S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)

Report of the Director
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
RENTAL PROPERTY MANAGEMENT

DIRECTOR
S PATEL held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S PATEL - Director


12 July 2024

S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)

Income Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER 72,305 63,218

Administrative expenses 55,205 44,028
OPERATING PROFIT and
PROFIT BEFORE TAXATION 17,100 19,190

Tax on profit 3,261 3,661
PROFIT FOR THE FINANCIAL YEAR 13,839 15,529

S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,396 7,800
Investments 6 48,392 48,392
54,788 56,192

CURRENT ASSETS
Debtors 7 - 9,653
Cash at bank 106,984 46,255
106,984 55,908
CREDITORS
Amounts falling due within one year 8 67,334 29,851
NET CURRENT ASSETS 39,650 26,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,438

82,249

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,338 82,149
SHAREHOLDERS' FUNDS 94,438 82,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 July 2024 and were signed by:





S PATEL - Director


S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

S N P PROPERTY MANAGEMENT LIMITED 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.

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

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

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 (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.24 30.6.23
£    £   
Depreciation - owned assets 1,404 1,714

S N P PROPERTY MANAGEMENT LIMITED (Registered number: 10832743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 12,500 9,500 2,246 24,246
DEPRECIATION
At 1 July 2023 8,700 6,260 1,486 16,446
Charge for year 684 583 137 1,404
At 30 June 2024 9,384 6,843 1,623 17,850
NET BOOK VALUE
At 30 June 2024 3,116 2,657 623 6,396
At 30 June 2023 3,800 3,240 760 7,800

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 48,392
NET BOOK VALUE
At 30 June 2024 48,392
At 30 June 2023 48,392

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 9,653

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 3,261 3,661
Other creditors 64,073 26,190
67,334 29,851