Snipe Investment Ltd Accounts






Snipe Investment Ltd

	Company No. 11261870
		Information for Filing with The Registrar
		31 March 2026

at	31 March 2026
Company No.		11261870	Notes	2026	2025
				£	£
Fixed assets


	Investment property		5	930,000	920,000

				930,000	920,000
Current assets



	Cash at bank and in hand			6,395	13,438
				6,395	13,438
Creditors: Amount falling due within one year				(379,310)	(393,649)
Net current liabilities				(372,915)	(380,211)
Total assets less current liabilities				557,085	539,789
Creditors: Amounts falling due after more than one year				(517,507)	(516,449)
Provisions for liabilities
	Deferred taxation		6	(4,289)	(1,789)

Net assets				35,289	21,551

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	35,189	21,451

Total equity				35,289	21,551



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2026 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

All the members have consented to the preparation of abridged financial statements for the year ended 31 March 2026 in accordance with the Companies Act 2006.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 08 September 2026 and signed on its behalf by:
S. Dominique
Director
08 September 2026

for the year ended 31 March 2026

General information

Snipe Investment Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11261870

Its registered office is:

4 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

The abridged accounts have been prepared in accordance and comply with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.

Accounting policies

Revenue recognition

Turnover represents rental income receivable from investment properties, excluding value added tax, and is recognised in the period to which the rental income relates.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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 profits will be available to allow all or part of the asset to be recovered.

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.

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

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	1,463	1,724
		Charge for prior periods	-	5,700
		Total corporation tax	1,463	7,424

		Origination and reversal of timing differences	2,500	(40,611)

		Total deferred tax	2,500	(40,611)

		Tax on profit on ordinary activities	3,963	(33,187)

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		600	£	£
		Profit on ordinary activities before tax	17,701	(178,845)

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	3,363	(33,981)
		Expenses not deductible for tax purposes	(1,900)	(4,906)
		Adjustments to charge in respect of prior periods	-	5,700

		Other short term timing differences	2,500	-

		Tax on profit on ordinary activities	3,963	(33,187)

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 April 2025	920,000

		Revaluation	10,000

		At 31 March 2026	930,000

		The investment properties were valued by the directors at their estimated fair value as at 31 March 2026. The valuations were determined by reference to recent market transactions for comparable properties, their location, condition, rental income and prevailing market yields. The directors consider that the carrying value of the investment properties represents their fair value at the reporting date. The resulting fair value gain of £10,000 has been recognised in the profit and loss account.

6	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 April 2025	1,789	1,789
		Charge to the profit and loss account for the period	2,500	2,500

		At 31 March 2026	4,289	4,289


			2026	2025
			£	£


		Revaluation of land and buildings	4,289	1,789

			4,289	1,789

Share Capital

100 Ordinary shares of £1 each

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Post balance sheet events

The company sold one of its investment properties. The sale occurred after the reporting date and is therefore treated as a non-adjusting event. Accordingly, no adjustment has been made to the amounts reported in these financial statements.