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Logo On Report
Registered Number: 09731375
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 August 2024

for

SNPD LTD

Director Sam Nayler
Registered Number 09731375
Registered Office 13 Napier Place
Thetford
IP24 3RL
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 August 2024.
Principal activities
The principal activity of the company during the financial year was of property development and investment.
Director
The director who served the company throughout the year was as follows:
Sam Nayler
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Sam Nayler
Director

Date approved: 29 May 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,189,593    4,196,594 
4,189,593    4,196,594 
Current assets      
Debtors 4 617    1,517 
Cash at bank and in hand 4,499    5,230 
5,116    6,747 
Creditors: amount falling due within one year 5 (84,160)   (74,286)
Net current assets (79,044)   (67,539)
 
Total assets less current liabilities 4,110,549    4,129,055 
Creditors: amount falling due after more than one year 6 (2,050,640)   (3,178,584)
Provisions for liabilities 7 (194,631)   (155,737)
Net assets 1,865,278    794,734 
 

Capital and reserves
     
Called up share capital 200    200 
Fair Value Reserves 8 778,524    778,524 
Profit and loss account 1,086,554    16,010 
Shareholders' funds 1,865,278    794,734 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 May 2025 and were signed by:


-------------------------------
Sam Nayler
Director
3
General Information
SNPD Ltd is a private company, limited by shares, registered in England and Wales, registration number 09731375, registration address 13 Napier Place, Thetford, IP24 3RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 September 2023 4,196,593    4,196,593 
Additions  
Disposals (7,000)   (7,000)
At 31 August 2024 4,189,593    4,189,593 
Depreciation
At 01 September 2023  
Charge for year  
On disposals  
At 31 August 2024  
Net book values
Closing balance as at 31 August 2024 4,189,593    4,189,593 
Opening balance as at 01 September 2023 4,196,594    4,196,594 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT 617    1,517 
617    1,517 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 2,062    2,062 
Bank Loans & Overdrafts 10,000    10,000 
Corporation Tax 31,728    32,697 
Accrued Expenses 35,370    28,994 
Directors' Current Accounts 5,000    533 
84,160    74,286 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 2,043,039    2,083,039 
Bank Loans & Overdrafts 7,601    18,217 
Other Creditors   1,077,328 
2,050,640    3,178,584 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 194,631    155,737 
194,631    155,737 

8.

Fair Value Reserves

2024
£
  2023
£
Fair Value Reserve 794,534    778,524 
Fair Value Reserve b/fwd (16,010)  
778,524    778,524 

9.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
S N Books Ltd(1,077,328)

An interest free loan has been made by S N Books Ltd which was released in the year
4