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REGISTERED NUMBER: 11781017 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

S C SMITH HOLDINGS LIMITED

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


S C SMITH HOLDINGS LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D Smith





SECRETARY:





REGISTERED OFFICE: 398 coast road
Pevensey
East Sussex
BN24 6NY





REGISTERED NUMBER: 11781017 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

S C SMITH HOLDINGS LIMITED

Report of the Accountants to the Director of
S C SMITH HOLDINGS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

You consider that the company is exempt from an audit for the period ended as above. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.


In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.


We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.






Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY


Date: .............................................

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 846,025 846,025

CURRENT ASSETS
Debtors 5 2,085 -
Cash at bank and in hand 655 155
2,740 155
CREDITORS
Amounts falling due within one year 6 28,730 27,379
NET CURRENT LIABILITIES (25,990 ) (27,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,035

818,801

CREDITORS
Amounts falling due after more than
one year

7

765,474

770,576
NET ASSETS 54,561 48,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,461 48,125
SHAREHOLDERS' FUNDS 54,561 48,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Balance Sheet - continued
28 February 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 director and authorised for issue on 16 November 2023 and were signed by:





D Smith - Director


S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

S C SMITH HOLDINGS 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2022
and 28 February 2023 846,025
NET BOOK VALUE
At 28 February 2023 846,025
At 28 February 2022 846,025

Included in cost of land and buildings is freehold land of £ 846,025 (2022 - £ 334,766 ) which is not depreciated.

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 2,085 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Tax 8,021 6,535
Directors' loan accounts 19,911 19,052
Accrued expenses 798 1,792
28,730 27,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans - 1-2 years 51,109 49,997
Bank loans - 2-5 years 229,760 209,112
Bank loans more 5 yr by instal 484,605 511,467
765,474 770,576

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 484,605 511,467

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company has been loaned a sum of money from the director to purchase the freehold. This company loan has been charged this year at an interest rate of 4.5%. There is no set repayment date.