REGISTERED NUMBER: 09556936 (England and Wales)

SNL JAMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Demetriou

Mr C J Demetriou

REGISTERED OFFICE:

78 Bell Lane

Brookmans Park

Hatfield

Hertfordshire

AL9 7AY

REGISTERED NUMBER:

09556936 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

16,615

20,769

Investment property

5

802,298

802,298

818,913

823,067

CURRENT ASSETS

Debtors

6

45,887

43,937

Cash at bank and in hand

1,206

1,217

47,093

45,154

CREDITORS

Amounts falling due within one year

7

555,031

556,514

NET CURRENT LIABILITIES

(507,938

)

(511,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

310,975

311,707

CREDITORS

Amounts falling due after more than one year

8

(15,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

9

(43,449

)

(44,209

)

NET ASSETS

252,526

252,498

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Fair value reserve

11

177,508

177,508

Retained earnings

11

74,018

73,990

SHAREHOLDERS' FUNDS

252,526

252,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr C J Demetriou - Director

Mrs P Demetriou - Director

1.	STATUTORY INFORMATION

SNL James Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the net rents receivable and services provided, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

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

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

2,150

32,750

34,900

DEPRECIATION

At 1 May 2024

1,861

12,270

14,131

Charge for year

58

4,096

4,154

At 30 April 2025

1,919

16,366

18,285

NET BOOK VALUE

At 30 April 2025

231

16,384

16,615

At 30 April 2024

289

20,480

20,769

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

802,298

NET BOOK VALUE

At 30 April 2025

802,298

At 30 April 2024

802,298

Fair value at 30 April 2025 is represented by:

£

Valuation in 2019

177,508

Cost

624,790

802,298

Investment properties have not been revalued during the year, because in the directors opinion the market value of the properties at the balance sheet date is not different from that shown above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Related company

45,887

43,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Corporation tax

3,113

2,620

Social security and other taxes

114

114

Directors' current accounts

550,364

552,448

Accrued expenses

1,440

1,332

555,031

556,514

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Shareholders loan

15,000

15,000

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

43,449

44,209

Deferred

tax

£

Balance at 1 May 2024

44,209

Accelerated capital allowance

(760

)

Revaluation of properties

Balance at 30 April 2025

43,449

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

40

Ordinary 'A' Voting

£1

40

40

960

Ordinary 'B' Non-Voting

£1

960

960

1,000

1,000

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 May 2024

73,990

177,508

251,498

Profit for the year

10,028

10,028

Dividends

(10,000

)

(10,000

)

At 30 April 2025

74,018

177,508

251,526

12.	ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.