Snow Dragon Real Estate Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11507432 (England and Wales)

Snow Dragon Real Estate Co Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Ms J Cheng

REGISTERED OFFICE:

25 Peartree Way

London

SE10 0XS

REGISTERED NUMBER:

11507432 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Snow Dragon Real Estate Co Limited for the year ended 31 March 2026 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Snow Dragon Real Estate Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Snow Dragon Real Estate Co Limited and state those matters that we have agreed to state to the director of Snow Dragon Real Estate Co Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Snow Dragon Real Estate Co Limited and its director for our work or for this report.

It is your duty to ensure that Snow Dragon Real Estate Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Snow Dragon Real Estate Co Limited. You consider that Snow Dragon Real Estate Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Snow Dragon Real Estate Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

19 October 2026

FIXED ASSETS

Property, plant and equipment

3

3,864

5,797

Investment property

4

2,529,404

2,533,268

2,535,201

CURRENT ASSETS

Debtors

5

1,278

3,961

Cash at bank and in hand

186,536

123,190

187,814

127,151

CREDITORS

Amounts falling due within one year

6

2,576,264

2,581,602

NET CURRENT LIABILITIES

(2,388,450

)

(2,454,451

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

144,818

80,750

PROVISIONS FOR LIABILITIES

7

966

1,623

NET ASSETS

143,852

79,127

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

143,752

79,027

SHAREHOLDERS' FUNDS

143,852

79,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

Ms J Cheng - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Investment property

Under FRS 102 Section 16, investment property is not depreciated. Instead, it is measured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Any improvement costs are capitalized and included in the fair value measurement, but they are also not depreciated separately.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 April 2025

and 31 March 2026

9,661

DEPRECIATION

At 1 April 2025

3,864

Charge for year

1,933

At 31 March 2026

5,797

NET BOOK VALUE

At 31 March 2026

3,864

At 31 March 2025

5,797

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,529,404

NET BOOK VALUE

At 31 March 2026

2,529,404

At 31 March 2025

2,529,404

Director's Assessment of Valuation

No independent external valuation of the investment properties was obtained during the year. The director has assessed the value of the properties based on their knowledge of the properties and current market conditions. Based on this assessment, the director considers that the carrying amount of the investment properties approximates their open market value at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Estate agent control account

-

1,898

Deferred expenses

599

1,384

Prepayments

679

1,278

3,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

21,951

21,374

Other Loan

2,531,000

Xiaoxue (UK) LTD

-

10,548

Jili Property Ltd

-

2,536

Directors' current accounts

15,274

2,212

Deferred income

6,239

12,132

Accrued expenses

1,800

2,576,264

2,581,602

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

966

1,623

Deferred

tax

£

Balance at 1 April 2025

1,623

Credit to Income Statement during year

(657

)

Balance at 31 March 2026

966

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2025

79,027

Profit for the year

64,725

At 31 March 2026

143,752

10.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

At the balance sheet date, the Company owed £15,274.41(2025: £2,212). The balance represents interest-free loan repayable on demand and is included within creditors.

Related party balances:

At the balance sheet date, the Company owed £2,531,000 (2025: £2,531,000) to close family members of the sole shareholder. The loan is interest-free and repayable on demand and is included within creditors.