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REGISTERED NUMBER: 10781101 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SENNIK INVESTMENTS LIMITED

SENNIK INVESTMENTS LIMITED (REGISTERED NUMBER: 10781101)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SENNIK INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Sennik
Mrs G Sennik





SECRETARY: S Sennik





REGISTERED OFFICE: 723 Chigwell Road
Chigwell
Essex
IG8 8AS





REGISTERED NUMBER: 10781101 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

SENNIK INVESTMENTS LIMITED (REGISTERED NUMBER: 10781101)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,037,670 1,037,670

CURRENT ASSETS
Debtors 5 6,186 1,861
Cash at bank 1,627 23,393
7,813 25,254
CREDITORS
Amounts falling due within one year 6 7,901 11,600
NET CURRENT (LIABILITIES)/ASSETS (88 ) 13,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,037,582

1,051,324

CREDITORS
Amounts falling due after more than one
year

7

959,799

961,799
NET ASSETS 77,783 89,525

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 77,763 89,505
SHAREHOLDERS' FUNDS 77,783 89,525

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 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 20 January 2025 and were signed on its behalf by:




S Sennik - Director


SENNIK INVESTMENTS LIMITED (REGISTERED NUMBER: 10781101)

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


1. STATUTORY INFORMATION

Sennik Investments 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.

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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,037,670
NET BOOK VALUE
At 31 March 2024 1,037,670
At 31 March 2023 1,037,670

SENNIK INVESTMENTS LIMITED (REGISTERED NUMBER: 10781101)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 6,186 1,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,625 4,500
Taxation and social security - 4,600
Other creditors 3,276 2,500
7,901 11,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,334 6,335
Amounts owed to participating interests 955,465 955,464
959,799 961,799

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,334 6,335

8. RELATED PARTY DISCLOSURES

Sennik Ltd
Parent company

Also included under creditors is £955,464 ( 2023 £955,464) due to Sennik Ltd.