Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10478213 Mr Suhumar K Thangavelu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10478213 2022-11-30 10478213 2023-11-30 10478213 2022-12-01 2023-11-30 10478213 frs-core:CurrentFinancialInstruments 2023-11-30 10478213 frs-core:Non-currentFinancialInstruments 2023-11-30 10478213 frs-core:FurnitureFittings 2023-11-30 10478213 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10478213 frs-core:FurnitureFittings 2022-11-30 10478213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10478213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10478213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10478213 frs-core:ShareCapital 2023-11-30 10478213 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10478213 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10478213 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10478213 frs-bus:SmallEntities 2022-12-01 2023-11-30 10478213 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10478213 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10478213 frs-bus:Director1 2022-12-01 2023-11-30 10478213 frs-countries:EnglandWales 2022-12-01 2023-11-30 10478213 2021-11-30 10478213 2022-11-30 10478213 2021-12-01 2022-11-30 10478213 frs-core:CurrentFinancialInstruments 2022-11-30 10478213 frs-core:Non-currentFinancialInstruments 2022-11-30 10478213 frs-core:ShareCapital 2022-11-30 10478213 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10478213
S&N Property Ltd
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10478213
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 844,198 844,618
844,198 844,618
CURRENT ASSETS
Cash at bank and in hand 15,648 28,993
15,648 28,993
Creditors: Amounts Falling Due Within One Year 5 (44,856 ) (68,537 )
NET CURRENT ASSETS (LIABILITIES) (29,208 ) (39,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 814,990 805,074
Creditors: Amounts Falling Due After More Than One Year 6 (821,642 ) (802,153 )
NET (LIABILITIES)/ASSETS (6,652 ) 2,921
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (6,654 ) 2,919
SHAREHOLDERS' FUNDS (6,652) 2,921
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Suhumar K Thangavelu
Director
24/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S&N Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10478213 . The registered office is 10 Ebbisham Road, Worcester Park, KT4 8NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Fixtures & Fittings 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 843,358 2,240 845,598
As at 30 November 2023 843,358 2,240 845,598
Depreciation
As at 1 December 2022 - 980 980
Provided during the period - 420 420
As at 30 November 2023 - 1,400 1,400
Net Book Value
As at 30 November 2023 843,358 840 844,198
As at 1 December 2022 843,358 1,260 844,618
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,902 23,104
Other creditors 36,954 45,433
44,856 68,537
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 721,642 702,153
Other creditors 100,000 100,000
821,642 802,153
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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