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REGISTERED NUMBER: 08923701 (England and Wales)















SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022






SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 08923701)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr J P Sheehan
Mr J L Smyth





REGISTERED OFFICE: Thornbank House
38 Moorgate Road
Rotherham
South Yorkshire
S60 2AG





REGISTERED NUMBER: 08923701 (England and Wales)






SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 08923701)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,481,688 1,536,000

CURRENT ASSETS
Debtors 5 67,945 58,420
Cash at bank and in hand 59,951 32,736
127,896 91,156
CREDITORS
Amounts falling due within one year 6 206,057 257,172
NET CURRENT LIABILITIES (78,161 ) (166,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,403,527

1,369,984

CREDITORS
Amounts falling due after more than one
year

7

(1,007,478

)

(1,056,454

)

PROVISIONS FOR LIABILITIES (52,412 ) (52,773 )
NET ASSETS 343,637 260,757

CAPITAL AND RESERVES
Called up share capital 9 100 100
Undistributable reserve 306,056 312,308
Retained earnings 37,481 (51,651 )
SHAREHOLDERS' FUNDS 343,637 260,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 08923701)

BALANCE SHEET - continued
31 MARCH 2022


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

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 and authorised for issue on 24 August 2022 and were signed on its behalf by:





Mr J L Smyth - Director


SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 08923701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Smyth & Sheehan Property Investments Ltd is a private company, limited by shares , registered in England and Wales. 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 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern
At the balance sheet date the company had net current liabilities of £72,568 (2021 - £166,016). The company is dependent upon the continued financial support of its directors and other creditors. Given the continuance of this support the directors consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 1,536,000
Disposals (54,312 )
At 31 March 2022 1,481,688
NET BOOK VALUE
At 31 March 2022 1,481,688
At 31 March 2021 1,536,000

Investment properties were revalued on an open market basis by the directors.

SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 08923701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,945 8,420
Other debtors 60,000 50,000
67,945 58,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 22,591 22,169
Trade creditors 97 21,059
Taxation and social security 3,024 -
Other creditors 180,345 213,944
206,057 257,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 1,007,478 1,056,454

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 1,030,069 1,078,623

Bank borrowings are secured on the company's investment properties.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100