IRIS Accounts Production v24.3.0.553 11884035 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118840352023-05-31118840352024-05-31118840352023-06-012024-05-31118840352022-01-31118840352022-02-012023-05-31118840352023-05-3111884035ns15:EnglandWales2023-06-012024-05-3111884035ns14:PoundSterling2023-06-012024-05-3111884035ns10:Director12023-06-012024-05-3111884035ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111884035ns10:SmallEntities2023-06-012024-05-3111884035ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111884035ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111884035ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111884035ns10:FullAccounts2023-06-012024-05-3111884035ns10:OrdinaryShareClass12023-06-012024-05-3111884035ns10:Director22023-06-012024-05-3111884035ns10:Director32023-06-012024-05-3111884035ns10:Director42023-06-012024-05-3111884035ns10:Director52023-06-012024-05-3111884035ns10:RegisteredOffice2023-06-012024-05-3111884035ns5:CurrentFinancialInstruments2024-05-3111884035ns5:CurrentFinancialInstruments2023-05-3111884035ns5:ShareCapital2024-05-3111884035ns5:ShareCapital2023-05-3111884035ns5:RetainedEarningsAccumulatedLosses2024-05-3111884035ns5:RetainedEarningsAccumulatedLosses2023-05-3111884035ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111884035ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111884035ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 11884035 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SNOWDONIA INVESTMENTS LTD

SNOWDONIA INVESTMENTS LTD (REGISTERED NUMBER: 11884035)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SNOWDONIA INVESTMENTS LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Martin Ainscough
Andrew Ainscough
Danielle Hitchen
Stephen Hitchen
David Watson





REGISTERED OFFICE: Oakland House
21 Hope Carr Road
Leigh
Wigan
Lancashire
WN7 3ET





REGISTERED NUMBER: 11884035 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

SNOWDONIA INVESTMENTS LTD (REGISTERED NUMBER: 11884035)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,000,100 6,463,253
Cash at bank 199,400 9,886
1,199,500 6,473,139
CREDITORS
Amounts falling due within one year 5 6,494,863 6,941,313
NET CURRENT LIABILITIES (5,295,363 ) (468,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,295,363

)

(468,174

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (5,295,463 ) (468,274 )
SHAREHOLDERS' FUNDS (5,295,363 ) (468,174 )

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





David Watson - Director


SNOWDONIA INVESTMENTS LTD (REGISTERED NUMBER: 11884035)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Snowdonia Investments Ltd 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.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This includes the continued financial support from the director/shareholders. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Financial instruments
Short term financial assets, including other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at undiscounted amount due.

Short term financial liabilities, including other creditors and amounts owed to associated undertakings, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

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 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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associated undertakings 1,000,000 6,463,153
Other debtors 100 100
1,000,100 6,463,253

SNOWDONIA INVESTMENTS LTD (REGISTERED NUMBER: 11884035)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 4,627,923 4,627,925
Trade creditors 16 -
Amounts owed to associated undertakings - 1,153,393
Other creditors 100,000 -
Directors' current accounts 1,759,995 1,159,995
Accrued expenses 6,929 -
6,494,863 6,941,313

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Transactions with associated undertakings
During the year, the company lent £510,000 (2023: £1,349,994) to associated undertakings and accrued interest to be received of £236,716 (2023: £355,323) based on normal commercial terms. Repayments of £nil (2023: £42,299) have been received and as at 31 May 2024 a balance of £1,000,000 (2023: £6,463,153) was due from the associated undertakings after a bad debt provision was made of £6,209,869 (2023: £394,889).

During the year, the company received loan monies of £105,000 (2023: £580,000) from associated undertakings and accrued interest to be received of £nil (2023: £82,561) based on normal commercial terms. Repayments of £105,000 (2023: £580,000) were made and the balance of the loan of £1,153,393 was written off. As as 31 May 2024, £nil (2023: £1,153,393) remained outstanding.

During the year, the company received loan monies of £nil (2023: £3,100,000) from trusts in which directors have an interest and accrued interest to be received of £nil (2023: £170,531) based on normal commercial terms. Repayments of £nil (2023: £nil) were made and as at 31 May 2024 a balance of £4,627,925 (2023: £4,627,925) was due to the trusts.