1 December 2023 false No description of principal activity Taxfiler 2024.6 07334527business:PrivateLimitedCompanyLtd2023-12-012024-11-30 073345272023-11-30 073345272023-12-012024-11-30 07334527business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 07334527business:FilletedAccounts2023-12-012024-11-30 073345272024-11-30 07334527business:Director12023-12-012024-11-30 07334527business:RegisteredOffice2023-12-012024-11-30 073345272023-11-30 07334527core:WithinOneYear2024-11-30 07334527core:WithinOneYear2023-11-30 07334527core:AfterOneYear2024-11-30 07334527core:AfterOneYear2023-11-30 07334527core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 07334527core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 07334527core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 07334527core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 07334527core:PreviouslyStatedAmount2024-11-30 07334527core:PreviouslyStatedAmount2023-11-30 07334527business:SmallEntities2023-12-012024-11-30 07334527countries:EnglandWales2023-12-012024-11-30 073345272022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 07334527 (England and Wales)
Snowgum Property Ltd Unaudited accounts for the year ended 30 November 2024
Snowgum Property Ltd Unaudited accounts Contents
Page
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Snowgum Property Ltd Company Information for the year ended 30 November 2024
Director
B R Mitchell
Company Number
07334527 (England and Wales)
Registered Office
4 Crescent Court The Crescent Surbiton Surrey KT6 4BW
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Snowgum Property Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
623,724 
623,724 
Current assets
Debtors
404 
404 
Cash at bank and in hand
6,658 
26,906 
7,062 
27,310 
Creditors: amounts falling due within one year
(16,779)
(10,277)
Net current (liabilities)/assets
(9,717)
17,033 
Total assets less current liabilities
614,007 
640,757 
Creditors: amounts falling due after more than one year
(509,632)
(535,793)
Net assets
104,375 
104,964 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
104,175 
104,764 
Shareholders' funds
104,375 
104,964 
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2025 and were signed on its behalf by
B R Mitchell Director Company Registration No. 07334527
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Snowgum Property Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Snowgum Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 07334527. The registered office is 4 Crescent Court, The Crescent, Surbiton, Surrey, KT6 4BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 December 2023
623,724 
At 30 November 2024
623,724 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
404 
404 
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Snowgum Property Ltd Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(1,077)
- 
Taxes and social security
336 
328 
Loans from directors
520 
1,449 
Accruals
17,000 
8,500 
16,779 
10,277 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
41,557 
41,557 
Loans from directors
468,075 
494,236 
509,632 
535,793 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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