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REGISTERED NUMBER: 14849505 (England and Wales)






















Unaudited Financial Statements

for the Period

5 May 2023 to 31 May 2024

for

SNI Property Limited

SNI Property Limited (Registered number: 14849505)






Contents of the Financial Statements
for the Period 5 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SNI Property Limited

Company Information
for the Period 5 May 2023 to 31 May 2024







DIRECTORS: L J Illsley
L L Squire-Norton





REGISTERED OFFICE: 12 Wollaton Rise
Retford
DN22 7WT





REGISTERED NUMBER: 14849505 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Morton House
12 Appletongate
Newark
Nottinghamshire
NG24 1JY

SNI Property Limited (Registered number: 14849505)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Investment property 4 89,889

CURRENT ASSETS
Debtors 5 534
Cash at bank 1,673
2,207
CREDITORS
Amounts falling due within one year 6 33,678
NET CURRENT LIABILITIES (31,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,418

CREDITORS
Amounts falling due after more than one
year

7

63,960
NET LIABILITIES (5,542 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (5,544 )
SHAREHOLDERS' FUNDS (5,542 )

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

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

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 9 January 2025 and were signed on its behalf by:




L J Illsley - Director



L L Squire-Norton - Director


SNI Property Limited (Registered number: 14849505)

Notes to the Financial Statements
for the Period 5 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

SNI Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the period 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 period 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.

Going concern
The accounts have been prepared on the going concern basis as the directors will continue to support the company until it is making sufficient profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

SNI Property Limited (Registered number: 14849505)

Notes to the Financial Statements - continued
for the Period 5 May 2023 to 31 May 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 89,889
At 31 May 2024 89,889
NET BOOK VALUE
At 31 May 2024 89,889

The directors have confirmed the value of the property at 31 May 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 33,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 63,960

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans due after 5 years 63,960

The loan is secured on the asset it relates to.

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 63,960

The loan is secured on the asset it relates to.