Company Registration No. 13280084 (England and Wales)
SNOWDALE PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2025
SNOWDALE PROPERTIES LTD
Unaudited accounts
Contents
SNOWDALE PROPERTIES LTD
Company Information
for the year ended 31 March 2025
Company Number
13280084 (England and Wales)
Registered Office
SNOWDALE
SCALEBY
CARLISLE
CA6 4LW
UNITED KINGDOM
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
SNOWDALE PROPERTIES LTD
Statement of financial position
as at 31 March 2025
Investment property
234,000
244,000
Cash at bank and in hand
490
1,184
Creditors: amounts falling due within one year
(95,328)
(88,920)
Net current liabilities
(94,837)
(87,736)
Total assets less current liabilities
139,163
156,264
Creditors: amounts falling due after more than one year
(159,845)
(159,845)
Provisions for liabilities
Deferred tax
(2,753)
(5,814)
Net liabilities
(23,435)
(9,395)
Called up share capital
2
2
Profit and loss account
(23,437)
(9,397)
Shareholders' funds
(23,435)
(9,395)
For the year ending 31 March 2025 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 15 December 2025 and were signed on its behalf by
Leslie Burgess
Director
Company Registration No. 13280084
SNOWDALE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
SNOWDALE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13280084. The registered office is SNOWDALE, SCALEBY, CARLISLE, CA6 4LW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis, not withstanding net liabilities of £23,435. The Director of the company has provided the company with an undertaking that it will continue to support the company financially for the foreseeable future and has also given an undertaking that it will not seek repayment of £95,328 currently owing to the director in the twelve months from the date of signing the financial statements, unless doing so would not put the company under financial pressure.
Turnover represents the gross rent receivable in the normal course of company's business.
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.
SNOWDALE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
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.
Fair value at 1 April 2024
244,000
Net loss from fair value adjustments
(10,000)
The company prepared its financial statement under FRS102 for the year ended 31 March 2025. As required by FRS102, the
company's investment properties were revalued to their market value at the Balance Sheet date.
The carrying value of each investment property was assessed by the directors at the Balance Sheet date based on information
collected from local estate agents and property sales websites selling similar properties.
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
29,758
23,350
Loans from directors
65,570
65,570
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
159,845
159,845
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).