1 January 2024 false No description of principal activity Taxfiler 2024.6 11715724business:PrivateLimitedCompanyLtd2024-01-012024-12-31 117157242023-12-31 117157242024-01-012024-12-31 11715724business:AuditExemptWithAccountantsReport2024-01-012024-12-31 11715724business:FilletedAccounts2024-01-012024-12-31 117157242024-12-31 11715724business:Director12024-01-012024-12-31 11715724business:Director22024-01-012024-12-31 11715724business:RegisteredOffice2024-01-012024-12-31 117157242023-12-31 11715724core:WithinOneYear2024-12-31 11715724core:WithinOneYear2023-12-31 11715724core:AfterOneYear2024-12-31 11715724core:AfterOneYear2023-12-31 11715724core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11715724core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11715724core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11715724core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11715724core:PreviouslyStatedAmount2024-12-31 11715724core:PreviouslyStatedAmount2023-12-31 11715724business:SmallEntities2024-01-012024-12-31 11715724countries:EnglandWales2024-01-012024-12-31 117157242023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11715724 (England and Wales)
SNEDKER & SMITH DEVELOPMENTS LTD Unaudited accounts for the year ended 31 December 2024
SNEDKER & SMITH DEVELOPMENTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SNEDKER & SMITH DEVELOPMENTS LTD Company Information for the year ended 31 December 2024
Directors
R A Smith B M Snedker
Company Number
11715724 (England and Wales)
Registered Office
16 GRESLEY CLOSE DRAYTON FIELDS INDUSTRIAL ESTATE DAVENTRY NN11 8RZ UNITED KINGDOM
Accountants
ACAX Limited 30 Bulwick Avenue Grimsby DN33 3BH
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SNEDKER & SMITH DEVELOPMENTS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,246,174 
1,246,174 
Current assets
Debtors
5
2,273,365 
2,256,908 
Cash at bank and in hand
29,302 
11,260 
2,302,667 
2,268,168 
Creditors: amounts falling due within one year
6
(2,575,449)
(3,255,667)
Net current liabilities
(272,782)
(987,499)
Total assets less current liabilities
973,392 
258,675 
Creditors: amounts falling due after more than one year
7
(715,453)
(19,996)
Net assets
257,939 
238,679 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
257,839 
238,579 
Shareholders' funds
257,939 
238,679 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
B M Snedker Director Company Registration No. 11715724
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SNEDKER & SMITH DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SNEDKER & SMITH DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11715724. The registered office is 16 GRESLEY CLOSE, DRAYTON FIELDS INDUSTRIAL ESTATE, DAVENTRY, NN11 8RZ, UNITED KINGDOM.
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.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
1,246,174 
At 31 December 2024
1,246,174 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(1,153)
333 
Other debtors
2,274,518 
2,256,575 
2,273,365 
2,256,908 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
66,434 
469,479 
Trade creditors
(1,858)
(220)
Taxes and social security
4,519 
3,819 
Other creditors
546,149 
813,884 
Loans from directors
268,228 
276,728 
Accruals
1,691,977 
1,691,977 
2,575,449 
3,255,667 
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SNEDKER & SMITH DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
715,453 
19,996 
8
Transactions with related parties
Other debtors include amounts due from Highfields Homes Ltd of £2,260,597 (2023 - £2,241,295). The company is controlled by the directors. Other creditors include amounts due to Proactive Security Services Ltd of £546,149 (2023 - £813,884). The company is controlled by B M Snedker. The loans are interest free and there are no terms for repayment.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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