Company registration number 12869004 (England and Wales)
SM Partnership Ltd
Unaudited
financial statements
for the year ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
SM Partnership Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
SM Partnership Ltd
Statement of financial position
as at 30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
2
206,920
206,920
Current assets
Debtors
2
763
Cash at bank and in hand
266
965
268
1,728
Creditors: amounts falling due within one year
(209,032)
(209,867)
Net current liabilities
(208,764)
(208,139)
Net liabilities
(1,844)
(1,219)
Capital and reserves
Called up share capital
3
2
2
Profit and loss reserves
(1,846)
(1,221)
Total equity
(1,844)
(1,219)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 October 2023 and are signed on its behalf by:
H Heron
Director
Company registration number 12869004 (England and Wales)
SM Partnership Ltd
Notes to the financial statements
for the year ended 30 September 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the provision of service obligation where a right to consideration is due.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Investment property
2023
£
Fair value
At 1 October 2022 and 30 September 2023
206,920
3
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
4
Company information
SM Partnership Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Orick House, Moor Park Business Centre, Thornes Moor Road, Wakefield, West Yorkshire, WF2 8NZ.