Snaithing Holdings Limited

(Registration number: 15518754)

Balance Sheet as at 31 August 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 22 May 2026 and signed on its behalf by:
 

.........................................

R K Stoddard

Director

Snaithing Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 August 2025

1	Accounting policies

Statutory information

Snaithing Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 15518754. The registered office is at 59 Snaithing Lane, Sheffield, S10 3LF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annuual report and accounts.

Revenue recognition

Turnover represents the income arising from furnished property lettings. Revenue is recognised is accordance with occupancy dates.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Snaithing Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 August 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Straight line

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (28 February 2025 - 0).

Snaithing Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 August 2025 (continued)

3	Tangible assets

	Fixtures and fittings £
Cost
At 1 March 2025	10,480
At 31 August 2025	10,480
Depreciation
At 1 March 2025	1,868
Charge for the period	1,312
At 31 August 2025	3,180
Carrying amount
At 31 August 2025	7,300
At 28 February 2025	8,612

4	Investment properties

	£
Fair value
At 1 March 2025	352,784
At 31 August 2025	352,784