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REGISTERED NUMBER: 07876139 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

D R SMITH PROPERTIES LIMITED

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R SMITH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: E P Smith
D R Smith
A D Smith
M E Smith
M L Smith





REGISTERED OFFICE: Endeavour House
Crow Arch Lane
Ringwood
Hampshire
BH24 1HP





REGISTERED NUMBER: 07876139 (England and Wales)

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,348 75,782
Investment property 5 22,882,369 21,673,070
22,983,717 21,748,852

CURRENT ASSETS
Stocks 124,036 -
Debtors 6 219,705 195,041
Cash at bank 1,989,602 2,058,160
2,333,343 2,253,201
CREDITORS
Amounts falling due within one year 7 987,202 826,195
NET CURRENT ASSETS 1,346,141 1,427,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,329,858

23,175,858

CREDITORS
Amounts falling due after more than one
year

8

(3,909,638

)

(3,966,638

)

PROVISIONS FOR LIABILITIES (20,179 ) (9,669 )
NET ASSETS 20,400,041 19,199,551

CAPITAL AND RESERVES
Called up share capital 490,005 490,005
Share premium 12,330,601 12,330,601
Retained earnings 7,579,435 6,378,945
20,400,041 19,199,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

BALANCE SHEET - continued
31 MARCH 2023


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 18 September 2023 and were signed on its behalf by:




D R Smith - Director



E P Smith - Director


D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

D R Smith Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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.

Valuations are made by the directors with the assistance of independent advice as required.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 196,035
Additions 75,666
Disposals (48,700 )
At 31 March 2023 223,001
DEPRECIATION
At 1 April 2022 120,253
Charge for year 32,541
Eliminated on disposal (31,141 )
At 31 March 2023 121,653
NET BOOK VALUE
At 31 March 2023 101,348
At 31 March 2022 75,782

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 21,673,070
Additions 1,209,299
At 31 March 2023 22,882,369
NET BOOK VALUE
At 31 March 2023 22,882,369
At 31 March 2022 21,673,070

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit from changes in fair value is recognised in profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 108,237 184,096
Amounts owed by associates 100,000 -
Other debtors 11,468 10,945
219,705 195,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 387,285 336,442
Other creditors 599,917 489,753
987,202 826,195

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 3,909,638 3,966,638