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REGISTERED NUMBER: 03703279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SNOWGATE PROPERTIES LIMITED

SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNOWGATE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: Mrs D Pain





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 03703279 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 713,628 714,795
Investments 6 102 102
713,730 714,897

CURRENT ASSETS
Debtors 7 273,104 255,871
Cash at bank 237,847 207,125
510,951 462,996
CREDITORS
Amounts falling due within one year 8 6,311 3,904
NET CURRENT ASSETS 504,640 459,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,218,370

1,173,989

CREDITORS
Amounts falling due after more than one
year

9

(701,331

)

(670,225

)

PROVISIONS FOR LIABILITIES (2,791 ) (3,123 )
NET ASSETS 514,248 500,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 514,148 500,541
SHAREHOLDERS' FUNDS 514,248 500,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

BALANCE SHEET - continued
30 September 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 12 June 2025 and were signed by:





Mrs D Pain - Director


SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Snowgate Properties Limited is a private company, limited by shares, registered in England and Wales. The registered office address can be found on the company information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 33% on cost
Computer equipment - 20% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

4. EMPLOYEES AND DIRECTORS

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

SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 702,305 58,086 52,811 9,733 822,935
Additions - 707 - - 707
At 30 September 2024 702,305 58,793 52,811 9,733 823,642
DEPRECIATION
At 1 October 2023 - 47,848 52,811 7,481 108,140
Charge for year - 1,536 - 338 1,874
At 30 September 2024 - 49,384 52,811 7,819 110,014
NET BOOK VALUE
At 30 September 2024 702,305 9,409 - 1,914 713,628
At 30 September 2023 702,305 10,238 - 2,252 714,795

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 102
NET BOOK VALUE
At 30 September 2024 102
At 30 September 2023 102

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 273,104 255,871

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 3,388 2,223
VAT 1,673 431
Accruals and deferred income 1,250 1,250
6,311 3,904

SNOWGATE PROPERTIES LIMITED (REGISTERED NUMBER: 03703279)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Pain family loan account 701,331 670,225

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D Pain.