1 March 2022 false No description of principal activity Taxfiler 2023.10 SC589989business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC5899892022-02-28 SC5899892022-03-012023-02-28 SC589989business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC589989business:FilletedAccounts2022-03-012023-02-28 SC5899892023-02-28 SC589989business:Director12022-03-012023-02-28 SC589989business:Director22022-03-012023-02-28 SC589989business:RegisteredOffice2022-03-012023-02-28 SC5899892022-02-28 SC589989core:WithinOneYear2023-02-28 SC589989core:WithinOneYear2022-02-28 SC589989core:AfterOneYear2023-02-28 SC589989core:AfterOneYear2022-02-28 SC589989core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC589989core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC589989core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 SC589989core:RevaluationReservecore:PreviouslyStatedAmount2022-02-28 SC589989core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC589989core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC589989core:PreviouslyStatedAmount2023-02-28 SC589989core:PreviouslyStatedAmount2022-02-28 SC589989business:SmallEntities2022-03-012023-02-28 SC589989countries:Scotland2022-03-012023-02-28 SC589989core:PlantMachinery2022-03-012023-02-28 SC589989core:LandBuildings2022-02-28 SC589989core:FurnitureFittings2022-02-28 SC589989core:LandBuildings2022-03-012023-02-28 SC589989core:FurnitureFittings2022-03-012023-02-28 SC589989core:LandBuildings2023-02-28 SC589989core:FurnitureFittings2023-02-28 SC5899892021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC589989 (Scotland)
SHMM PROPERTIES LTD Unaudited accounts for the year ended 28 February 2023
SHMM PROPERTIES LTD Unaudited accounts Contents
Page
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SHMM PROPERTIES LTD Company Information for the year ended 28 February 2023
Directors
Steven Henry Sneddon Holly Sneddon
Company Number
SC589989 (Scotland)
Registered Office
50 JAMES YOUNG ROAD BATHGATE EH48 2UP UNITED KINGDOM
Accountants
Gregory Accounting Services Limited 87 Meadowpark Avenue Bathgate West Lothian EH48 2ST
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SHMM PROPERTIES LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(82,560)
8,100 
Investment property
2,405,000 
1,935,000 
2,322,440 
1,943,100 
Current assets
Cash at bank and in hand
3,687 
6,927 
Creditors: amounts falling due within one year
(467,258)
(603,207)
Net current liabilities
(463,571)
(596,280)
Total assets less current liabilities
1,858,869 
1,346,820 
Creditors: amounts falling due after more than one year
(1,118,853)
(1,118,853)
Net assets
740,016 
227,967 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
558,352 
88,352 
Profit and loss account
181,662 
139,613 
Shareholders' funds
740,016 
227,967 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Steven Henry Sneddon Director Company Registration No. SC589989
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SHMM PROPERTIES LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SHMM PROPERTIES LTD is a private company, limited by shares, registered in Scotland, registration number SC589989. The registered office is 50 JAMES YOUNG ROAD, BATHGATE, EH48 2UP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
13,302 
13,302 
Disposals
(88,000)
- 
(88,000)
At 28 February 2023
(88,000)
13,302 
(74,698)
Depreciation
At 1 March 2022
- 
5,202 
5,202 
Charge for the year
- 
2,660 
2,660 
At 28 February 2023
- 
7,862 
7,862 
Net book value
At 28 February 2023
(88,000)
5,440 
(82,560)
At 28 February 2022
- 
8,100 
8,100 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
1,935,000 
Net gain from fair value adjustments
470,000 
At 28 February 2023
2,405,000 
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SHMM PROPERTIES LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15,085 
12,072 
Other creditors
121,857 
257,760 
Loans from directors
329,844 
332,902 
Accruals
472 
473 
467,258 
603,207 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,118,853 
1,118,853 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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