SNSER3 Limited - Filleted accounts

Registered number

13605943

SNSER3 Limited

Filleted Accounts

31 March 2026

SNSER3 Limited
Registered number:		13605943
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		21,250			21,250

Current assets
Debtors	4	1,445			347
Cash at bank and in hand		390			123
		1,835			470

Creditors: amounts falling due within one year	5	(68,122)			(59,128)

Net current liabilities			(66,287)			(58,658)

Net liabilities			(45,037)			(37,408)

Capital and reserves
Called up share capital			10			10
Profit and loss account			(45,047)			(37,418)

Shareholders' funds			(45,037)			(37,408)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr N M M Johnston
Director
Approved by the board on 24 August 2026

SNSER3 Limited
Notes to the Accounts
for the period from 1 October 2025 to 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	The company has net liabilities of £45,037 (September 2025: £37,408) at 31 March 2026. The company is funded by its parent undertaking, Nicksas Holdings Limited, which has confirmed its intention to continue providing financial support for a period of at least twelve months from the date of approval of these financial statements. Having considered the company's forecast cash flow requirements and the continued support available from its parent undertaking, the directors have a reasonable expectation that the company will be able to meet its liabilities as they fall due for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

	Intangible fixed assets - development rights and option agreements
	Development rights and option agreements are stated at cost less accumulated amortisation and impairment. The assets comprise renewable energy development rights and associated option agreements acquired by the company. The assets are not yet available for their intended use and therefore amortisation has not commenced. The directors review the assets annually for indicators of impairment and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Any impairment loss is recognised in the profit and loss account.

	Reclassification of fixed assets
	During the year the directors reviewed the classification of the company's renewable energy development asset. The asset was previously presented within tangible fixed assets as leasehold property. Following a review of the underlying contractual arrangements, the directors concluded that the asset more appropriately represents renewable energy development rights and an option to acquire a lease in the future, rather than a current leasehold interest. Accordingly, the asset has been reclassified from tangible fixed assets to intangible fixed assets. This reclassification has had no impact on the company's net assets, profit for the financial year or shareholders' funds. Comparative amounts have been re-presented to reflect the revised classification adopted in the current year. The reclassification has no effect on previously reported financial statements.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0


3	Intangible fixed assets			£

	Development rights and option agreements:

	Cost
	At 1 October 2025			21,250
	At 31 March 2026			21,250

	Amortisation
	At 31 March 2026			-

	Net book value
	At 31 March 2026			21,250
	At 30 September 2025			21,250

	The development rights and option agreements relate to the acquisition of renewable energy development rights and an option to lease land for potential future renewable energy projects. The directors have reviewed the carrying value of the asset at the year end and are satisfied that no impairment provision is required.


4	Debtors	2026		2025
£			£

	Trade debtors	821		281
	Prepayments and accrued income	187		66
	Other debtors	437		-
		1,445		347


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	5,172		753
	Amounts owed to group undertakings	60,600		56,800
	Accruals and deferred income	2,350		1,575
		68,122		59,128

6	Share capital	2026		2025
£			£
	Allotted, called up and paid up share capital

	60 A ordinary shares of £0.10 each	6		6
	40 B ordinary shares of £0.10 each	4		4
		10		10


7	Related party transactions

	Amounts owed to group undertakings comprise a balance of £60,600 (September 2025: £56,800) due to the company’s holding company, Nicksas Holdings Limited. The balance is unsecured, interest free and repayable on demand. Nicksas Holdings Limited has confirmed that it will not seek repayment of the balance for a period of at least twelve months from the date of approval of these financial statements.


8	Controlling party

	The immediate parent undertaking and ultimate controlling party is Nicksas Holdings Limited, a company incorporated in England and Wales. The registered office of Nicksas Holdings Limited is The Estate Office, Quarry Farm, Banbury Road, Great Tew, Chipping Norton, Oxfordshire, OX7 4BT.


9	Other information

	SNSER3 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Estate Office
	Quarry Farm
	Great Tew
	Oxfordshire
	OX7 4BT