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REGISTERED NUMBER: 09764014 (England and Wales)












SENNEN PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SENNEN PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: A R Collings
A Everett





REGISTERED OFFICE: Unit 8
Stanhope Gate
Camberley
Surrey
GU15 3DW





REGISTERED NUMBER: 09764014 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 364,940 231,172
Tangible assets 5 7,454 12,835
Investments 6 25,000 25,000
397,394 269,007

CURRENT ASSETS
Debtors 7 214,646 184,533
Cash at bank 180,874 37,731
395,520 222,264
CREDITORS
Amounts falling due within one year 8 (709,545 ) (464,131 )
NET CURRENT LIABILITIES (314,025 ) (241,867 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,369

27,140

CREDITORS
Amounts falling due after more than one year 9 (36,915 ) (24,946 )

PROVISIONS FOR LIABILITIES (1,864 ) -
NET ASSETS 44,590 2,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,490 2,094
44,590 2,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

BALANCE SHEET - continued
31 December 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 11 September 2024 and were signed on its behalf by:





A R Collings - Director


SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Sennen 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Goodwill are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 298,687
Additions 181,027
Impairments (3,736 )
At 31 December 2023 475,978
AMORTISATION
At 1 January 2023 67,515
Charge for year 43,523
At 31 December 2023 111,038
NET BOOK VALUE
At 31 December 2023 364,940
At 31 December 2022 231,172

SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 33,316
Additions 1,136
At 31 December 2023 34,452
DEPRECIATION
At 1 January 2023 20,481
Charge for year 6,517
At 31 December 2023 26,998
NET BOOK VALUE
At 31 December 2023 7,454
At 31 December 2022 12,835

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 25,000
At 31 December 2022 25,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,822 53,154
Other debtors 18,186 8,088
Tax - 290
Prepayments and accrued income 161,638 123,001
214,646 184,533

SENNEN PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09764014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,886 9,890
Trade creditors 130,670 93,505
Tax 45,515 1,666
Social security and other taxes 15,193 19,733
Pension 2,822 2,511
VAT 37,166 34,122
Sennen Investments Ltd 110 110
Other creditors 63,027 3,736
Directors' current accounts 1,123 401
Deferred income 381,133 292,457
Accrued expenses 5,900 6,000
709,545 464,131

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,403 10,140
Bank loans - 2-5 years 8,512 14,806
36,915 24,946

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,180 -
Between one and five years 10,711 -
19,891 -

11. RELATED PARTY DISCLOSURES

At the year-end the company owed director Mr A Collings £1,122 (2022 - £401), and director Mr A Everett £1 (2022 - £NIL).