2023-10-01 10705116 2024-09-30 10705116 2023-10-01 2024-09-30 10705116 2023-09-30 10705116 2022-10-01 2023-09-30 10705116 uk-core:WithinOneYear 2023-09-30 10705116 uk-core:WithinOneYear 2024-09-30 10705116 uk-core:ShareCapital 2024-09-30 10705116 uk-core:ShareCapital 2023-09-30 10705116 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 10705116 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 10705116 uk-bus:Director1 2023-10-01 2024-09-30 10705116 uk-core:CostValuation 2023-09-30 10705116 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-09-30 10705116 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-09-30 10705116 uk-core:CostValuation 2024-09-30 10705116 uk-core:Non-currentFinancialInstruments 2024-09-30 10705116 uk-core:Non-currentFinancialInstruments 2023-09-30 iso4217:GBP xbrli:pure 10705116 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10705116 uk-bus:FRS102 2023-10-01 2024-09-30 10705116 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 10705116 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Snetterton Commercial Properties Limited
Registered Number:10705116
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Snetterton Commercial Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10705116
As at 30 September 2024
Snetterton Commercial Properties Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Financial assets
3,691,786
3,691,786
2
3,691,786
3,691,786
Current assets
Trade and other receivables
752,957
375,663
3
205
Cash and cash equivalents
129
375,792
753,162
Trade and other payables: amounts falling due within one
year
(4,471,428)
(4,756,471)
4
(3,718,266)
(4,380,679)
Net current liabilities
Total assets less current liabilities
(688,893)
(26,480)
(688,893)
Net liabilities
(26,480)
Capital and reserves
Called up share capital
100
100
Retained earnings
(688,993)
(26,580)
(688,893)
(26,480)
Shareholders' funds
For the 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 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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J Read Director
These financial statements were approved and authorised for issue by the Board on 26 June 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 September 2024
Snetterton Commercial Properties Limited
Notes to the Financial Statements
Statutory Information
Snetterton Commercial Properties Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 10705116.
Registered address:
C/O Reads Property Developments
Hopper Way
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
As at 30 September 2024 the company had net current liabilities of £4,380,679 (2024: £3,718,266) and net liabilities
of £688,893 (2023: £26,480). The director is of the opinion that the working capital available at the year end,
together with the continued support of the company's related parties, will be sufficient to enable the company to
continue operating for at least the 12 months from signing these accounts, and pay its debts as they fall due. The
director has therefore concluded that the accounts should continue to be prepared on a going concern basis.
Fixed Asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently
measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each
reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or
loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its activities.
2. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 October 2023
3,691,786
3,691,786
Cost
£
£
At 30 September 2024
3,691,786
3,691,786
At 30 September 2024
Net book value
3,691,786
3,691,786
At 01 October 2023
3,691,786
3,691,786
2 of 3
5
For the year ended 30 September 2024
Snetterton Commercial Properties Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
375,663
752,957
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,680
2,100
Other creditors
4,754,791
4,469,328
4,756,471
4,471,428
5. Related party transactions
At 30 September 2024, the balances on loans from related parties was £788,080 (2023: £788,080) and this is
included in Other Creditors in note 4 to the accounts. The loans have been provided on an interest free basis and
are repayable on demand.
In addtion the company received repayments for loans provided to related parties under common control of
£379,074. The balance due from these related parties as at 30 September 2024 was £373,883 (2023:£752,957). The
balance is included within Other Debtors in note 3 to the accounts. The loans have been provided on an interest free
basis and are repayable on demand.
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
3 of 3