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REGISTERED NUMBER: 08580113 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SMB INVESTMENTS LIMITED

SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,949 4,046
Investment property 5 1,348,915 1,348,915
1,351,864 1,352,961

CURRENT ASSETS
Debtors 6 8,315 6,975
Cash at bank 95,475 238,631
103,790 245,606
CREDITORS
Amounts falling due within one year 7 748,823 947,561
NET CURRENT LIABILITIES (645,033 ) (701,955 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,831

651,006

PROVISIONS FOR LIABILITIES 576 891
NET ASSETS 706,255 650,115

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 (82,572 ) (82,572 )
Retained earnings 788,817 732,677
SHAREHOLDERS' FUNDS 706,255 650,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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

SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





M A Bates - Director


SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

SMB Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08580113

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

The company is dependent on the directors for the continuance of normal trading operations. As the directors have indicated their continued support for the foreseeable future, the financial statements have been drawn up assuming a going concern.

Turnover
Rents receivable in respect of investment properties are accounted for on a straight line basis over the rental period and included in turnover, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022 14,941
Additions 2,815
Disposals (10,759 )
At 30 June 2023 6,997
DEPRECIATION
At 1 July 2022 10,895
Charge for year 2,065
Eliminated on disposal (8,912 )
At 30 June 2023 4,048
NET BOOK VALUE
At 30 June 2023 2,949
At 30 June 2022 4,046

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,348,915
NET BOOK VALUE
At 30 June 2023 1,348,915
At 30 June 2022 1,348,915

The historic cost of investment properties was £1,431,487 (2022: £1,431,487). The directors consider the investment property values to be on an open market basis as at 30 June 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,400 3,400
Other debtors 60 -
Prepayments and accrued income 4,855 3,575
8,315 6,975

SMB INVESTMENTS LIMITED (REGISTERED NUMBER: 08580113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Social security and other taxes 13,667 15,901
VAT 1,988 1,980
Other creditors - 4,000
Directors' current accounts 712,299 905,930
Accruals and deferred income 20,869 19,750
748,823 947,561

8. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 (82,572 )

9. RELATED PARTY DISCLOSURES

During the year the company repaid £193,631 to members of key management personnel, leaving £712,299 owing at 30 June 2023 (2022: £905,930). The loan is repayable on demand and no interest is charged.