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REGISTERED NUMBER: 02732583 (England and Wales)















TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: A J Snarey





SECRETARY: Mrs L J Everett





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 02732583 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,410 4,548
Investment property 5 1,300,000 1,300,000
1,303,410 1,304,548

CURRENT ASSETS
Debtors 6 33,486 39,730
Cash at bank and in hand 38,568 3,198
72,054 42,928
CREDITORS
Amounts falling due within one year 7 145,155 136,710
NET CURRENT LIABILITIES (73,101 ) (93,782 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,230,309 1,210,766

CREDITORS
Amounts falling due after more than one year 8 (663,588 ) (697,276 )

PROVISIONS FOR LIABILITIES (846 ) (859 )
NET ASSETS 565,875 512,631

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Fair value adjustment reserve 300,000 300,000
Retained earnings 255,875 202,631
SHAREHOLDERS' FUNDS 565,875 512,631

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

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

TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 6 February 2025 and were signed by:





A J Snarey - Director


TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)

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

1. STATUTORY INFORMATION

Tony Snarey Developments and Construction 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 as modified by the revaluation of certain assets.

Turnover
In accordance with the principles of revenue recognition as stated in FRS102 Section 23, turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the balance sheet, 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 that have been enacted or substantively enacted by the statement of financial position date.


TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 yearyear 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 15,815
DEPRECIATION
At 1 January 2024 11,267
Charge for year 1,138
At 31 December 2024 12,405
NET BOOK VALUE
At 31 December 2024 3,410
At 31 December 2023 4,548

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,300,000
NET BOOK VALUE
At 31 December 2024 1,300,000
At 31 December 2023 1,300,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 1,300,000

The investment property fair value was determined by using current market prices for comparable property, adjusted for any differences in nature, location and condition.

TONY SNAREY DEVELOPMENTS AND
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,775 38,827
Prepayments and accrued income 7,711 903
33,486 39,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,187 13,700
Rent deposits owed to tenants 9,075 8,658
Taxation 15,314 4,731
Other taxes and social security 380 434
VAT 8,460 5,357
Other creditors 69 69
Directors' current accounts 75,000 75,000
Accruals and deferred income 22,670 28,761
145,155 136,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 663,588 697,276

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. RELATED PARTY DISCLOSURES

At the year end £738,588 (2023 - £772,276) was due to the directors. The loan is an interest free loan.