Caseware UK (AP4) 2024.0.164 2024.0.164 Property investment and management.false22023-12-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09877840 2023-12-01 2024-11-30 09877840 2022-12-01 2023-11-30 09877840 2024-11-30 09877840 2023-11-30 09877840 2022-12-01 09877840 5 2023-12-01 2024-11-30 09877840 6 2023-12-01 2024-11-30 09877840 d:Director2 2023-12-01 2024-11-30 09877840 e:FreeholdInvestmentProperty 2023-12-01 2024-11-30 09877840 e:FreeholdInvestmentProperty 2024-11-30 09877840 e:FreeholdInvestmentProperty 2023-11-30 09877840 e:FreeholdInvestmentProperty 2 2023-12-01 2024-11-30 09877840 e:CurrentFinancialInstruments 2024-11-30 09877840 e:CurrentFinancialInstruments 2023-11-30 09877840 e:Non-currentFinancialInstruments 2024-11-30 09877840 e:Non-currentFinancialInstruments 2023-11-30 09877840 e:CurrentFinancialInstruments e:WithinOneYear 2024-11-30 09877840 e:CurrentFinancialInstruments e:WithinOneYear 2023-11-30 09877840 e:Non-currentFinancialInstruments e:AfterOneYear 2024-11-30 09877840 e:Non-currentFinancialInstruments e:AfterOneYear 2023-11-30 09877840 e:ShareCapital 2023-12-01 2024-11-30 09877840 e:ShareCapital 2024-11-30 09877840 e:ShareCapital 2022-12-01 2023-11-30 09877840 e:ShareCapital 2023-11-30 09877840 e:ShareCapital 2022-12-01 09877840 e:RevaluationReserve 2023-12-01 2024-11-30 09877840 e:RevaluationReserve 2024-11-30 09877840 e:RevaluationReserve 5 2023-12-01 2024-11-30 09877840 e:RevaluationReserve 6 2023-12-01 2024-11-30 09877840 e:RevaluationReserve 2022-12-01 2023-11-30 09877840 e:RevaluationReserve 2023-11-30 09877840 e:RevaluationReserve 2022-12-01 09877840 e:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 09877840 e:RetainedEarningsAccumulatedLosses 2024-11-30 09877840 e:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 09877840 e:RetainedEarningsAccumulatedLosses 2023-11-30 09877840 e:RetainedEarningsAccumulatedLosses 2022-12-01 09877840 d:FRS102 2023-12-01 2024-11-30 09877840 d:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09877840 d:FullAccounts 2023-12-01 2024-11-30 09877840 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09877840 2 2023-12-01 2024-11-30 09877840 f:PoundSterling 2023-12-01 2024-11-30 09877840 e:RetainedEarningsAccumulatedLosses 5 2023-12-01 2024-11-30 09877840 e:RetainedEarningsAccumulatedLosses 6 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 09877840










S.N.Real Estate Investment Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2024

 
S.N.Real Estate Investment Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of S.N.Real Estate Investment Ltd for the year ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S.N.Real Estate Investment Ltd for the year ended 30 November 2024 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of S.N.Real Estate Investment Ltd, as a body, in accordance with the terms of our engagement letter dated 8 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of S.N.Real Estate Investment Ltd and state those matters that we have agreed to state to the Board of directors of S.N.Real Estate Investment Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S.N.Real Estate Investment Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that S.N.Real Estate Investment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of S.N.Real Estate Investment Ltd. You consider that S.N.Real Estate Investment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of S.N.Real Estate Investment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
15 July 2025
Page 1

 
S.N.Real Estate Investment Ltd
Registered number: 09877840

Balance sheet
As at 30 November 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,000,000
2,153,869

  
2,000,000
2,153,869

Current assets
  

Cash at bank
  
5,297
209

  
5,297
209

Creditors: amounts falling due within one year
 5 
(281,146)
(252,602)

Net current liabilities
  
 
 
(275,849)
 
 
(252,393)

Total assets less current liabilities
  
1,724,151
1,901,476

Creditors: amounts falling due after more than one year
 6 
(2,000,000)
(2,000,000)

  

Net liabilities
  
(275,849)
(98,524)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(275,949)
(98,624)

  
(275,849)
(98,524)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Ms N Sharifi
Director
Date: 15 July 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
S.N.Real Estate Investment Ltd
 

Statement of changes in equity
For the year ended 30 November 2024


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 December 2022
100
-
(68,159)
(68,059)


Comprehensive income for the year

Loss for the year
-
-
(30,465)
(30,465)
Total comprehensive income for the year
-
-
(30,465)
(30,465)



At 1 December 2023
100
-
(98,624)
(98,524)


Comprehensive income for the year

Loss for the year

-
-
(177,325)
(177,325)

Deficit on revaluation of investment property
-
(172,101)
172,101
-

Transfer to profit and loss account
-
172,101
(172,101)
-
Total comprehensive income for the year
-
-
(177,325)
(177,325)


At 30 November 2024
100
-
(275,949)
(275,849)


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
S.N.Real Estate Investment Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2024

1.


General information

S.N.Real Estate Investment Ltd is a private company limited by shares incorporated in England and Wales (registered number: 09877840). The registered office and business address is: C/O Kreston Reeves Llp Plus X Innovation Hub, Lewes Road, Brighton, United Kingdom, BN2 4GL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The going concern basis is considered to be appropriate as the company is dependent upon the support of its directors and loan provider. The directors and loan provider have indicated that their support will continue for the foreseeable future. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of the assets to their recoverable amount, to provide for any further liabilities which might arise and recalssify fixed assets as current assets. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the rental income received or receivable.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Freehold investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
S.N.Real Estate Investment Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
S.N.Real Estate Investment Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
2,153,869


Additions at cost
18,232


Deficit on revaluation
(172,101)



At 30 November 2024
2,000,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.


2024
2023
£
£


Historic cost
2,153,869
2,153,869

2,153,869
2,153,869


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loan
270,871
240,634

Other creditors
7,875
2,625

Accruals and deferred income
2,400
9,343

281,146
252,602



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loan
2,000,000
2,000,000

2,000,000
2,000,000


Secured Loans
The loan is secured by a fixed charge over the company's investment properties, 163 Terminus Road, Eastbourne, BN21 3NX, 172 Terminus Road, Eastbourne, BN21 3BB, 176 Terminus Road, Eastbourne, BN21 3BB and 5 Gildredge Road, Eastbourne, BN21 4RB. 


Page 6