SNK Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07677996

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

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

7,927,770

CURRENT ASSETS

Cash at bank

383,651

266,931

CREDITORS

Amounts falling due within one year

5

3,306,081

3,332,722

NET CURRENT LIABILITIES

(2,922,430

)

(3,065,791

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,005,340

4,861,979

CREDITORS

Amounts falling due after more than one year

6

2,409,344

2,890,578

NET ASSETS

2,595,996

1,971,401

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

2,595,994

1,971,399

SHAREHOLDERS' FUNDS

2,595,996

1,971,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 24 January 2019 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.

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 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2017

and 30 June 2018

7,927,770

NET BOOK VALUE

At 30 June 2018

7,927,770

At 30 June 2017

7,927,770

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank Loans

149,000

149,000

Tax

146,510

179,391

VAT

20,572

26,029

Other creditors

56,998

50,831

Directors' current accounts

2,924,921

2,924,921

Accrued expenses

8,080

2,550

3,306,081

3,332,722

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans - 1-2 years

149,000

149,000

Other loans - 2-5 years

360,000

360,000

Other loans more 5yrs instal

1,900,344

2,381,578

2,409,344

2,890,578

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,900,344

2,381,578

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Lloyds Bank PLC

-

3,039,548

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

2018

2017

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 July 2017

1,971,399

Profit for the year

624,595

At 30 June 2018

2,595,994