Snowcroft Properties Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 03780171

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,108		7,907
Investment Properties	5		26,491,000		26,303,000

			26,501,108		26,310,907
CURRENT ASSETS
Debtors	6	392,926		438,824
Cash at bank and in hand		862,497		1,060,746

		1,255,423		1,499,570
Creditors: Amounts Falling Due Within One Year	7	(539,516 )		(598,476 )

NET CURRENT ASSETS (LIABILITIES)			715,907		901,094

TOTAL ASSETS LESS CURRENT LIABILITIES			27,217,015		27,212,001

Creditors: Amounts Falling Due After More Than One Year	8		(9,233,822 )		(9,739,728 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,036,688 )		(2,174,897 )

NET ASSETS			15,946,505		15,297,376

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	12		10,991,375		10,818,775
Income Statement			4,955,030		4,478,501

SHAREHOLDERS' FUNDS			15,946,505		15,297,376

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Snowcroft Properties Limited

Statement of Financial Position (continued)

As At 31 October 2025

For the year ending 31 October 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 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.

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 Statement.

On behalf of the board

Mr Michael O'Sullivan

Director

17/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Snowcroft Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03780171 . The registered office is 17 City North Place, Finsbury Park, London, N4 3FU.

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 represents the rental income net of Vaule Added Tax from the properties. Turnover is recognised over the period which it relates.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.5. Taxation

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Snowcroft Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost or Valuation
As at 1 November 2024	56,838
Additions	3,986

As at 31 October 2025	60,824

Depreciation
As at 1 November 2024	48,931
Provided during the period	1,785

As at 31 October 2025	50,716

Net Book Value
As at 31 October 2025	10,108

As at 1 November 2024	7,907

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	26,303,000
Additions	15,400
Revaluations	172,600

As at 31 October 2025	26,491,000

Investment property comprises freehold residential and commercial property, which are stated at fair value basis of a valuation by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The investment properties are included at fair value of £26,491,000. This includes accumulated revaluations to 31 October 2024 amounting to £10,818,775. The revaluation amount for the year to 31 October 2024 totals £172,600 and the total revaluation amount as at 31 October 2025 amounts to £10,991,375.

The cost of the investment properties as at 31 October 2025 amounted to £15,499,625 (2024: £15,484,224)

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,998	35,519
Prepayments and accrued income	27,992	26,831
Other debtors	83,768	112,262
Sundry debtors	4,234	814
Directors' loan accounts	273,934	263,398

	392,926	438,824

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Snowcroft Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	43,000	45,001
Bank loans and overdrafts	95,183	94,398
Corporation tax	139,922	133,090
Other taxes and social security	3,055	2,897
Tenant deposits	157,606	147,157
Key deposits	1,093	1,103
Other creditors - current	-	75,000
Sundry creditors	4,852	-
Accruals and deferred income	94,805	99,830

	539,516	598,476

Bank loans of £95,183 (2024: £94,398) are secured by a fixed charge against the investment properties to which they relate.

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

	2025	2024
	£	£
Bank loans	7,308,822	7,889,728
Other creditors	1,925,000	1,850,000

	9,233,822	9,739,728

Bank loans totalling £2,186,697 (2024: £2,274,006) are secured by a fixed charge against the investment properties to which they relate. Other bank loans totalling £5,209,435 (2024: £5,691,960) are subject to personal guarantees by the directors.

Other creditors totalling £1,925,000 (2024: £1,850,000) relates to a loan from a related party.

Amount falling due in more than five years:

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	3,375,148		3,402,193

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 November 2024	2,174,897	2,174,897
Reversals	(138,209 )	(138,209)

Balance at 31 October 2025	2,036,688	2,036,688

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Snowcroft Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Directors Advances, Credits and Guarantees

Interest on loans to directors have been charged at 4% (2024: 4%) and are included within other debtors as follows:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr John O'Sullivan	122,616	4,905	-	-	127,520
Mrs Louise Browne O'Sullivan	140,782	5,631	-	-	146,413

The directors have provided joint and several personal guarantees totalling £5,209,435 (2024: £5,691,960) in respect of bank loans.

12. Reserves

	Fair value reserve	Income Statement
	£	£
As at 1 November 2024	10,818,775	4,478,501
Profit for the year and total comprehensive income	-	729,129

Dividends paid	-	(80,000)
Movements in fair value reserve	172,600	-
Transfer to/from Fair value reserve	-	(172,600)

As at 31 October 2025	10,991,375	4,955,030

13. Related Party Transactions

During the year the company paid total dividends of £80,000 (2024: £NIL) to its directors; and entered into the following transactions with related parties:

During the year the company purchased services from a company under the control of one of the directors amounting to £63,000 (2024: £60,000). At the balance sheet date there was an amount outstanding to the company of £43,000 (2024: £45,000).

The company paid loan interest to Mr M A O'Sullivan amounting to £91,543 (2024: £126,909) in the year in respect of his loan to the company. The balance of the loan outstanding at the year end amounted to £1,925,000.

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