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REGISTERED NUMBER: 08999187 (England and Wales)















SMYTH & STEVENS PROPERTY PARTNERSHIP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022






SMYTH & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

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 & STEVENS PROPERTY PARTNERSHIP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr J L Smyth
Mr R J Stevens





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





REGISTERED NUMBER: 08999187 (England and Wales)






SMYTH & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 390,000 390,000

CURRENT ASSETS
Debtors 5 22,370 22,140
Cash at bank and in hand 4,127 6,619
26,497 28,759
CREDITORS
Amounts falling due within one year 6 29,478 24,068
NET CURRENT (LIABILITIES)/ASSETS (2,981 ) 4,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,019

394,691

CREDITORS
Amounts falling due after more than one
year

7

(184,360

)

(201,191

)

PROVISIONS FOR LIABILITIES (30,049 ) (30,049 )
NET ASSETS 172,610 163,451

CAPITAL AND RESERVES
Called up share capital 9 100 100
Undistributable reserve 146,512 146,512
Retained earnings 25,998 16,839
SHAREHOLDERS' FUNDS 172,610 163,451

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 & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

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 & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

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


1. STATUTORY INFORMATION

Smyth & Stevens Property Partnership 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 as modified by the revaluation of certain assets.

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.

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
and 31 March 2022 390,000
NET BOOK VALUE
At 31 March 2022 390,000
At 31 March 2021 390,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2015 176,561
Valuation in 2016 39,023
Valuation in 2017 (39,023 )
Cost 213,439
390,000

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

SMYTH & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

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 1,030 800
Other debtors 21,340 21,340
22,370 22,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,426 8,440
Trade creditors 878 469
Taxation and social security 2,149 1,713
Other creditors 12,025 13,446
29,478 24,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 184,360 201,191

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 116,162 158,991

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 198,786 209,631

Bank and other loans 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

SMYTH & STEVENS PROPERTY PARTNERSHIP LTD (REGISTERED NUMBER: 08999187)

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


10. ULTIMATE CONTROLLING PARTY

The directors each own 50% of the issued share capital and are considered in joint control of the company. Therefor there is no ultimate controlling party.