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Registration number: 11416908

S N Property Developments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

S N Property Developments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

S N Property Developments Ltd

Company Information

Directors

Mr Neal Anthony Beagles

Mrs Sarah Jane Couchman

Registered office

5-7 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

 

S N Property Developments Ltd

(Registration number: 11416908)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

534

-

Investment property

3

2,690,000

2,512,500

 

2,690,534

2,512,500

Current assets

 

Debtors

4

9,148

10,299

Cash at bank and in hand

 

583

5,246

 

9,731

15,545

Creditors: Amounts falling due within one year

5

(124,242)

(105,660)

Net current liabilities

 

(114,511)

(90,115)

Total assets less current liabilities

 

2,576,023

2,422,385

Creditors: Amounts falling due after more than one year

5

(2,123,439)

(1,903,741)

Provisions for liabilities

(148,115)

(157,288)

Net assets

 

304,469

361,356

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

631,436

670,545

Retained earnings

(326,969)

(309,191)

Shareholders' funds

 

304,469

361,356

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 18 February 2025 and signed on its behalf by:
 

 

S N Property Developments Ltd

(Registration number: 11416908)
Balance Sheet as at 30 June 2024 (continued)

.........................................
Mr Neal Anthony Beagles
Director

 

S N Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

712

712

At 30 June 2024

712

712

Depreciation

Charge for the year

178

178

At 30 June 2024

178

178

Carrying amount

At 30 June 2024

534

534

3

Investment properties

2024
£

At 1 July

2,512,500

Additions

457,261

Disposals

(231,478)

Fair value adjustments

(48,283)

At 30 June

2,690,000

The fair value of the property at 30th June 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £2.690 million was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

4

Debtors

 

S N Property Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Debtors (continued)

Current

2024
£

2023
£

Prepayments

9,148

10,299

 

9,148

10,299

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,316

7,140

Accruals and deferred income

1,200

1,971

Other creditors

119,726

96,549

124,242

105,660

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,759,472

1,679,333

Other non-current financial liabilities

 

363,967

224,408

 

2,123,439

1,903,741