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REGISTERED NUMBER: 00577034 (England and Wales)
















SMALLCOMBE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SMALLCOMBE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R. Smallcombe
B.A. Smallcombe
S.J. Smallcombe
D. Silvester





SECRETARY: B.A. Smallcombe





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 00577034 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9 11
Investment property 5 1,915,230 1,915,230
1,915,239 1,915,241

CURRENT ASSETS
Debtors 6 4,587 6,996
Cash at bank 1,281 10,047
5,868 17,043
CREDITORS
Amounts falling due within one year 7 135,358 158,344
NET CURRENT LIABILITIES (129,490 ) (141,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,785,749

1,773,940

CREDITORS
Amounts falling due after more than one
year

8

(691,894

)

(696,652

)

PROVISIONS FOR LIABILITIES (149,950 ) (149,950 )
NET ASSETS 943,905 927,338

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Retained earnings 10 941,405 924,838
SHAREHOLDERS' FUNDS 943,905 927,338

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.

SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





R. Smallcombe - Director


SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

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

1. STATUTORY INFORMATION

Smallcombe 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services.

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 - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 462
DEPRECIATION
At 1 April 2022 451
Charge for year 2
At 31 March 2023 453
NET BOOK VALUE
At 31 March 2023 9
At 31 March 2022 11

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,915,230
NET BOOK VALUE
At 31 March 2023 1,915,230
At 31 March 2022 1,915,230

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2007 233,195
Valuation in 2017 318,379
Valuation in 2018 33,728
Valuation in 2021 205,000
Cost 1,124,928
1,915,230

SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

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

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,124,928 1,124,928

Investment properties were valued on an open market basis on 31 March 2021 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,210 1,000
Other debtors 3,377 5,996
4,587 6,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,725 45,917
Taxation and social security 5,916 5,007
Other creditors 119,717 107,420
135,358 158,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 675,014 696,652
Other creditors 16,880 -
691,894 696,652

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan more than 5 years 346,910 509,916

Repayable by instalments
Bank loan over 5 years 132,850 135,515

SMALLCOMBE LIMITED (REGISTERED NUMBER: 00577034)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 684,739 742,569

Bank loans are secured on the properties to which the loan relates.

10. RESERVES
Retained
earnings
£   

At 1 April 2022 924,838
Profit for the year 24,567
Dividends on equity shares (8,000 )
At 31 March 2023 941,405

Retained earnings includes £640,145 of un-distributable funds relating to the revaluation of the investment property.