SN1 PROPERTY MANAGEMENT LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05121283

		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		11,143

			-		11,143
CURRENT ASSETS
Debtors	5	146,861		134,348
Cash at bank and in hand		900		62

		147,761		134,410
Creditors: Amounts Falling Due Within One Year	6	(31,233 )		(59,198 )

NET CURRENT ASSETS (LIABILITIES)			116,528		75,212

TOTAL ASSETS LESS CURRENT LIABILITIES			116,528		86,355

Creditors: Amounts Falling Due After More Than One Year	7		(47,161 )		(36,890 )

NET ASSETS			69,367		49,465

Income and Expenditure Account			69,367		49,465

MEMBERS' FUNDS			69,367		49,465

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SN1 PROPERTY MANAGEMENT LTD

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Scott Kirby

Director

3 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SN1 PROPERTY MANAGEMENT LTD is a private company, limited by guarantee, incorporated in England & Wales, registered number 05121283 . The registered office is 128 City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Motor Vehicles	4 Years
Fixtures & Fittings	5 Years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

...CONTINUED

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SN1 PROPERTY MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

0Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2024	44,575	1,500	46,075

As at 31 January 2025	44,575	1,500	46,075

Depreciation
As at 1 February 2024	33,432	1,500	34,932
Provided during the period	11,143	-	11,143

As at 31 January 2025	44,575	1,500	46,075

Net Book Value
As at 31 January 2025	-	-	-

As at 1 February 2024	11,143	-	11,143

5. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Other debtors	-	134,348
Due after more than one year
Other debtors	146,861	-

	146,861	134,348

6. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,910	-
Bank loans and overdrafts	1,843	1,150
Corporation tax	12,230	3,681
Other creditors	2,423	54,367
Director's loan account	9,827	-

	31,233	59,198

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SN1 PROPERTY MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025	31 January 2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,953	-
Bank loans	33,208	-
Other loans	-	36,890

	47,161	36,890

8. Obligations Under Finance Leases and Hire Purchase

	31 January 2025	31 January 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,910	-
Later than one year and not later than five years	13,953	-

	18,863	-

	18,863	-

9. Related Party Transactions

The following balances were outstanding as at the 31 January 2025 in which Mr Scott Kirby is also the company director:

Owing from SP Nikam Ltd (11682738) £10,668

Owing from Agile Quarter Accommodation Ltd (11681107) £45,260

Owing from AK74 Property Ltd (12363480) £28,638

Owing from SN1 Estates Ltd (13477065) £62,295

10. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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