Company No: 09764014 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A R Collings
	A Everett

REGISTERED OFFICE	8 Stanhope Gate
	Camberley
	GU15 3DW
	United Kingdom

COMPANY NUMBER

09764014 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	316,891		364,940
Tangible assets	4	6,881		7,454
Investments	5	25,000		25,000
		348,772		397,394
Current assets
Debtors	6	132,808		214,646
Cash at bank and in hand		201,832		180,874
		334,640		395,520
Creditors: amounts falling due within one year	7	( 600,771)		( 709,547)
Net current liabilities		(266,131)		(314,027)
Total assets less current liabilities		82,641		83,367
Creditors: amounts falling due after more than one year	8	( 8,971)		( 36,913)
Provision for liabilities	10	( 1,721)		( 1,864)
Net assets		71,949		44,590
Capital and reserves
Called-up share capital		100		100
Profit and loss account		71,849		44,490
Total shareholders' funds		71,949		44,590

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sennen Property Management Limited (registered number: 09764014) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

A R Collings Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sennen Property Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Stanhope Gate, Camberley, GU15 3DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	479,714		479,714
At 31 December 2024	479,714		479,714
Accumulated amortisation
At 01 January 2024	114,774		114,774
Charge for the financial year	48,049		48,049
At 31 December 2024	162,823		162,823
Net book value
At 31 December 2024	316,891		316,891
At 31 December 2023	364,940		364,940

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	34,452		34,452
Additions	4,437		4,437
At 31 December 2024	38,889		38,889
Accumulated depreciation
At 01 January 2024	26,998		26,998
Charge for the financial year	5,010		5,010
At 31 December 2024	32,008		32,008
Net book value
At 31 December 2024	6,881		6,881
At 31 December 2023	7,454		7,454

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	25,000
At 31 December 2024	25,000
Carrying value at 31 December 2024	25,000
Carrying value at 31 December 2023	25,000

6. Debtors

	2024		2023
	£		£
Trade debtors	3,432		34,822
Prepayments	110,521		161,638
Other debtors	18,855		18,186
	132,808		214,646

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	28,345		26,886
Trade creditors	48,184		130,671
Amounts owed to Group undertakings	110		110
Amounts owed to directors	1		1,123
Accruals and deferred income	391,650		387,034
Corporation tax	57,251		45,515
Other taxation and social security	66,663		52,359
Other creditors	8,567		65,849
	600,771		709,547

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	8,971		36,913

9. Related party transactions

At the year-end the company owed director Mr A Collings £NIL (2023 - £1,122), and director Mr A Everett £1 (2023 - £1).

10. Leasing Agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

	2024		2023
	£		£
Within one year	9,180		9,180
Between one and five years	1,530		10,711
	10,710		19,891