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Registration number: 13963524

Snellington Enterprises Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Snellington Enterprises Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Snellington Enterprises Ltd

Company Information

Directors

Mrs Jennifer Ann Snell

Mr Matthew Christopher Snell

Registered office

13 Church Street
Calne
Wiltshire
SN11 0HU

 

Snellington Enterprises Ltd

(Registration number: 13963524)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

2,615

3,862

Investment property

3

92,000

110,000

Investments

4

1,000

1,000

 

95,615

114,862

Current assets

 

Debtors

5

7,013

-

Cash at bank and in hand

 

3,590

2,662

 

10,603

2,662

Creditors: Amounts falling due within one year

6

(2,926)

(2,213)

Net current assets

 

7,677

449

Total assets less current liabilities

 

103,292

115,311

Creditors: Amounts falling due after more than one year

6

(93,916)

(105,798)

Provisions for liabilities

-

(2,348)

Net assets

 

9,376

7,165

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

-

10,010

Retained earnings

8,376

(3,845)

Shareholders' funds

 

9,376

7,165

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

 

Snellington Enterprises Ltd

(Registration number: 13963524)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Mr Matthew Christopher Snell
Director

 

Snellington Enterprises Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

5,150

5,150

Disposals

(500)

(500)

At 29 February 2024

4,650

4,650

Depreciation

At 1 March 2023

1,288

1,288

Charge for the year

872

872

Eliminated on disposal

(125)

(125)

At 29 February 2024

2,035

2,035

Carrying amount

At 29 February 2024

2,615

2,615

At 28 February 2023

3,862

3,862

3

Investment properties

2024
£

At 1 March

110,000

Fair value adjustments

(18,000)

At 29 February

92,000

The fair value of the property at the year end has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the property is situated

There has been no valuation of investment property by an independent valuer.

 

Snellington Enterprises Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Investments

2024
£

2023
£

Investments in associates

1,000

1,000

Associates

£

Cost

At 1 March 2023

1,000

Provision

Carrying amount

At 29 February 2024

1,000

At 28 February 2023

1,000

5

Debtors

Current

2024
£

2023
£

Trade debtors

7,013

-

 

7,013

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,170

73

Taxation and social security

173

-

Accruals and deferred income

583

1,140

Other creditors

1,000

1,000

2,926

2,213

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

93,916

105,798