SNK Properties Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07677996

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

SNK PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

7,927,770

6,205,062

CURRENT ASSETS

Cash at bank

266,931

109,500

CREDITORS

Amounts falling due within one year

5

3,332,722

2,849,205

NET CURRENT LIABILITIES

(3,065,791

)

(2,739,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,861,979

3,465,357

CREDITORS

Amounts falling due after more than one year

6

2,890,578

2,222,842

NET ASSETS

1,971,401

1,242,515

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

1,971,399

1,242,513

SHAREHOLDERS' FUNDS

1,971,401

1,242,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 22 January 2018 and were signed on its behalf by:

S C Katyal - Director

Mrs N D Katyal - Director

1.	STATUTORY INFORMATION

SNK Properties Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2016

6,205,062

Additions

1,722,708

At 30 June 2017

7,927,770

NET BOOK VALUE

At 30 June 2017

7,927,770

At 30 June 2016

6,205,062

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

205,420

137,276

Other creditors

3,127,302

2,711,929

3,332,722

2,849,205

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

2,890,578

2,222,842

2017

2016

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

2,381,578

1,713,842

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Lloyds Bank PLC

3,039,548

2,371,842

Lloyds Bank PLC have a debenture and legal charge overall the company's freehold properties in

addition to joint and several guarantees from all the directors

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 July 2016

1,242,513

Profit for the year

728,886

At 30 June 2017

1,971,399

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the Board of Directors.