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REGISTERED NUMBER: 09556936 (England and Wales)












SNL JAMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNL JAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs P Demetriou
Mr C J Demetriou





REGISTERED OFFICE: 78 Bell Lane
Brookmans Park
Hatfield
Hertfordshire
AL9 7AY





REGISTERED NUMBER: 09556936 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 20,769 25,961
Investment property 5 802,298 802,298
823,067 828,259

CURRENT ASSETS
Debtors 6 43,937 36,895
Cash at bank and in hand 1,217 1,210
45,154 38,105
CREDITORS
Amounts falling due within one year 7 556,514 550,905
NET CURRENT LIABILITIES (511,360 ) (512,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,707

315,459

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(15,000

)

PROVISIONS FOR LIABILITIES 9 (44,209 ) (41,633 )
NET ASSETS 252,498 258,826

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 177,508 177,508
Retained earnings 11 73,990 80,318
SHAREHOLDERS' FUNDS 252,498 258,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

BALANCE SHEET - continued
30 APRIL 2024


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 2 October 2024 and were signed on its behalf by:




Mr C J Demetriou - Director



Mrs P Demetriou - Director


SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

SNL James 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net rents receivable and services provided, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of Freehold and long leasehold investment properties. An investment property on short leasehold where the remaining life is less than 20 years is amortised over the life of the lease.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors considers that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred to the profit and loss account as a movement in reserves.

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.


SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,150 32,750 34,900
DEPRECIATION
At 1 May 2023 1,789 7,150 8,939
Charge for year 72 5,120 5,192
At 30 April 2024 1,861 12,270 14,131
NET BOOK VALUE
At 30 April 2024 289 20,480 20,769
At 30 April 2023 361 25,600 25,961

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 802,298
NET BOOK VALUE
At 30 April 2024 802,298
At 30 April 2023 802,298


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Related company 43,937 36,895

SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 2,620 1,207
Social security and other taxes 114 114
Directors' current accounts 552,448 548,312
Accrued expenses 1,332 1,272
556,514 550,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Shareholders loan 15,000 15,000

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 44,209 41,633

Deferred
tax
£   
Balance at 1 May 2023 41,633
Provided during year 2,576
Accelerated capital allowance
Revaluation of properties
Balance at 30 April 2024 44,209

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
40 Ordinary 'A' Voting £1 40 40
960 Ordinary 'B' Non-Voting £1 960 960
1,000 1,000

SNL JAMES LIMITED (REGISTERED NUMBER: 09556936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 80,318 177,508 257,826
Profit for the year 3,672 3,672
Dividends (10,000 ) (10,000 )
At 30 April 2024 73,990 177,508 251,498

12. ULTIMATE CONTROLLING PARTY

No one individual has overall control over the company.