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REGISTERED NUMBER: 05403141 (England and Wales)



















S N P DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






S N P DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05403141)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S N P DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S N Pindoria





SECRETARY: Mrs N S Pindoria





REGISTERED OFFICE: 26 Alexander Avenue
London
NW10 3QS





REGISTERED NUMBER: 05403141 (England and Wales)





ACCOUNTANTS: C. Jay & Co.
Chartered Certified Accountants
CJ House
99A Cobbold Road
London
NW10 9SL

S N P DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05403141)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 - 1,000,000

CURRENT ASSETS
Debtors 5 215,220 -
Cash at bank 873 4,086
216,093 4,086
CREDITORS
Amounts falling due within one year 6 705 319,512
NET CURRENT ASSETS/(LIABILITIES) 215,388 (315,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES 215,388 684,574

CREDITORS
Amounts falling due after more than one
year

7

-

674,484
NET ASSETS 215,388 10,090

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 - 363,880
Retained earnings 214,388 (354,790 )
SHAREHOLDERS' FUNDS 215,388 10,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

S N P DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05403141)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 7 November 2024 and were signed by:





S N Pindoria - Director


S N P DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05403141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

S N P Developments 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.

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

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in profit and loss.

In accordance with FRS 102 Section 1A, no depreciation is provided in respect of freehold or long leasehold investment properties. The director considers that this policy results in the accounts giving a true and fair view.

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 1 (2023 - 1 ) .

S N P DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05403141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 1,000,000
Disposals (1,000,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 215,220 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 1,518
Taxation and social security (15 ) 71
Other creditors 720 317,923
705 319,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 599,484
Other creditors - 75,000
- 674,484

8. RESERVES
Fair value
reserve
£
At 1 April 2023 363,880
Tfr from Fair value reserve (363,880 )

At 31 March 2024 -