SNK Properties Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07677996

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

SNK PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C Katyal

Mrs N D Katyal

REGISTERED OFFICE:

Jackdaws

Kemnal Road

Chislehurst

Kent

BR7 6LT

REGISTERED NUMBER:

07677996

ACCOUNTANTS:

Andrew Cross & Co.

Plaza Building

Lee High Road

Lewisham

London

SE13 5PT

FIXED ASSETS

Tangible assets

2

6,205,062

3,866,490

CURRENT ASSETS

Cash at bank

109,500

91,403

CREDITORS

Amounts falling due within one year

3

2,849,205

2,435,401

NET CURRENT LIABILITIES

(2,739,705

)

(2,343,998

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,465,357

1,522,492

CREDITORS

Amounts falling due after more than one
year

3

2,222,842

751,132

NET ASSETS

1,242,515

771,360

CAPITAL AND RESERVES

Called up share capital

4

2

Retained earnings

1,242,513

771,358

SHAREHOLDERS' FUNDS

1,242,515

771,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 January 2017 and were signed on
its behalf by:

S C Katyal - Director

Mrs N D Katyal - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of management services, excluding value added, tax for the

period.

Tangible fixed assets

No depreciation is provided on the Company's investment properties.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

3,866,490

Additions

2,338,572

At 30 June 2016

6,205,062

NET BOOK VALUE

At 30 June 2016

6,205,062

At 30 June 2015

3,866,490

3.

CREDITORS

Creditors include an amount of £ 2,371,842 (2015 - £ 900,132 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

1,713,842

242,132

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2