Company Registration No. 05947707 (England and Wales)
S&ND Properties Limited
Financial Statements
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
S&ND Properties Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
S&ND Properties Limited
Statement of financial position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
27,443
3,674
Investment properties
3
4,792,265
3,422,468
Investments
4
1,149,019
948,419
5,968,727
4,374,561
Current assets
Debtors
123,280
4,640
Cash at bank and in hand
361,832
629,724
485,112
634,364
Creditors: amounts falling due within one year
(85,307)
(320,610)
Net current assets
399,805
313,754
Total assets less current liabilities
6,368,532
4,688,315
Creditors: amounts falling due after more than one year
(5,468,337)
(3,736,011)
Net assets
900,195
952,304
Capital and reserves
Called up share capital
5
250
250
Profit and loss reserves
899,945
952,054
Total equity
900,195
952,304
S&ND Properties Limited
Statement of financial position (continued)
as at 30 September 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 1 April 2025 and are signed on its behalf by:
N J Denny
Director
Company Registration No. 05947707
S&ND Properties Limited
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

 

Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

S&ND Properties Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 4 -
2
Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023
4,899
Additions
32,938
At 30 September 2024
37,837
Depreciation and impairment
At 1 October 2023
1,225
Depreciation charged in the year
9,169
At 30 September 2024
10,394
Carrying amount
At 30 September 2024
27,443
At 30 September 2023
3,674
3
Investment property
2024
£
Fair value
At 1 October 2023
3,422,467
Additions
1,490,277
Disposals
(120,479)
At 30 September 2024
4,792,265
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
1
1
Other investments
1,149,018
948,418
1,149,019
948,419
S&ND Properties Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
4
Fixed asset investments
(continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 October 2023
1
948,418
948,419
Additions
-
200,600
200,600
At 30 September 2024
1
1,149,018
1,149,019
Carrying amount
At 30 September 2024
1
1,149,018
1,149,019
At 30 September 2023
1
948,418
948,419
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
50 Ordinary A shares of £1 each
50
50
40 Ordinary B shares of £1 each
40
40
40 Ordinary C shares of £1 each
40
40
40 Ordinary D shares of £1 each
40
40
40 Ordinary E shares of £1 each
40
40
40 Ordinary F shares of £1 each
40
40
250
250
6
Company information

S&ND Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Great Hill House Farm, Hill House Lane, Oxenhope, Keighley, West Yorkshire, BD22 9JH.

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