Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 31 January 2024 31 January 2024 13477065 Scott Randolph Kirby Scott Kirby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13477065 2023-06-30 13477065 2024-01-31 13477065 2023-07-01 2024-01-31 13477065 frs-core:CurrentFinancialInstruments 2024-01-31 13477065 frs-core:Non-currentFinancialInstruments 2024-01-31 13477065 frs-core:FurnitureFittings 2024-01-31 13477065 frs-core:FurnitureFittings 2023-07-01 2024-01-31 13477065 frs-core:FurnitureFittings 2023-06-30 13477065 frs-core:ShareCapital 2024-01-31 13477065 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13477065 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-01-31 13477065 frs-bus:FilletedAccounts 2023-07-01 2024-01-31 13477065 frs-bus:SmallEntities 2023-07-01 2024-01-31 13477065 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-01-31 13477065 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-01-31 13477065 frs-bus:Director1 2023-07-01 2024-01-31 13477065 frs-bus:CompanySecretary1 2023-07-01 2024-01-31 13477065 frs-countries:EnglandWales 2023-07-01 2024-01-31 13477065 2022-06-30 13477065 2023-06-30 13477065 2022-07-01 2023-06-30 13477065 frs-core:CurrentFinancialInstruments 2023-06-30 13477065 frs-core:Non-currentFinancialInstruments 2023-06-30 13477065 frs-core:ShareCapital 2023-06-30 13477065 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13477065
SN1 ESTATES LTD
Unaudited Financial Statements
For the Period 1 July 2023 to 31 January 2024
Wizz Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13477065
31 January 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,576 19,152
Investment Properties 5 217,775 217,775
227,351 236,927
CURRENT ASSETS
Debtors 6 227,412 224,504
Cash at bank and in hand - 3,490
227,412 227,994
Creditors: Amounts Falling Due Within One Year 7 (194,824 ) (80,064 )
NET CURRENT ASSETS (LIABILITIES) 32,588 147,930
TOTAL ASSETS LESS CURRENT LIABILITIES 259,939 384,857
Creditors: Amounts Falling Due After More Than One Year 8 (277,503 ) (406,631 )
NET LIABILITIES (17,564 ) (21,774 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (17,664 ) (21,874 )
SHAREHOLDERS' FUNDS (17,564) (21,774)
Page 1
Page 2
For the period ending 31 January 2024 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
Scott Randolph Kirby
Director
16 January 2025
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
SN1 ESTATES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13477065 . The registered office is 128 City Road, London, EC1V 2NX.
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:
Fixtures & Fittings 4 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 38,304
As at 31 January 2024 38,304
Depreciation
As at 1 July 2023 19,152
Provided during the period 9,576
As at 31 January 2024 28,728
Net Book Value
As at 31 January 2024 9,576
As at 1 July 2023 19,152
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5. Investment Property
31 January 2024
£
Fair Value
As at 1 July 2023 and 31 January 2024 217,775
6. Debtors
31 January 2024 30 June 2023
£ £
Due within one year
Due after more than one year
Amounts owed by group undertakings 227,412 224,504
7. Creditors: Amounts Falling Due Within One Year
31 January 2024 30 June 2023
£ £
Bank loans and overdrafts 15,019 -
Other creditors 179,805 80,064
194,824 80,064
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 30 June 2023
£ £
Bank loans 277,503 296,382
Other creditors - 110,249
277,503 406,631
9. Share Capital
31 January 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Payments were made to the following company as loans in which Mr Scott Kirby is also a company director and shareholder.
AGILE ACCOMMODATION LTD (Company number 11681107)  £4,810
OLD TOWN ESTATES LTD (Company number 13694638)  £2,908
SN1 Estates Ltd also owns 23.33% of the shares of OLD TOWN ESTATES LTD.
The following amounts were payable to as loans as at the 31 January 2024:
BATH ROAD APARTMENTS LTD (Company number 05121283)  £62,295
SP NIKAM LTD (Company number 11682738)  £33,500
AGILE ACCOMMODATION LTD (Company number 11681107)  £9,644
And the following amount was payable from as at the 31 January 2024:
OLD TOWN ESTATES LTD (Company number 13694638)  £227,412
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