SMB (BLURTON ROAD) LIMITED 11365523 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11365523 2022-06-01 2023-05-31 11365523 2023-05-31 11365523 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-05-31 11365523 core:CurrentFinancialInstruments 2023-05-31 11365523 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11365523 core:Non-currentFinancialInstruments 2023-05-31 11365523 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11365523 core:FurnitureFittingsToolsEquipment 2023-05-31 11365523 bus:SmallEntities 2022-06-01 2023-05-31 11365523 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11365523 bus:FullAccounts 2022-06-01 2023-05-31 11365523 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11365523 bus:RegisteredOffice 2022-06-01 2023-05-31 11365523 bus:Director1 2022-06-01 2023-05-31 11365523 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-06-01 2023-05-31 11365523 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11365523 bus:Agent1 2022-06-01 2023-05-31 11365523 core:ComputerEquipment 2022-06-01 2023-05-31 11365523 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 11365523 countries:England 2022-06-01 2023-05-31 11365523 2022-05-31 11365523 core:FurnitureFittingsToolsEquipment 2022-05-31 11365523 2021-06-01 2022-05-31 11365523 2022-05-31 11365523 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-05-31 11365523 core:CurrentFinancialInstruments 2022-05-31 11365523 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 11365523 core:Non-currentFinancialInstruments 2022-05-31 11365523 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 11365523 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11365523

SMB (BLURTON ROAD) LIMITED

Report of the Directors and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

SMB (BLURTON ROAD) LIMITED

Contents of The Financial Statements
for the Year Ended 31 May 2023

 

Company Information

1

Accountants' Report

2 to 3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 12

 

SMB (BLURTON ROAD) LIMITED

Company Information
for the Year Ended 31 May 2023

Director

Miss Samantha Jane Jennings

Registered office

1 Woodbury Hill
Loughton
Essex
IG10 1JB

Accountants

Insight Strategic Associates Limited
Chartered Certified Accountants
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SMB (BLURTON ROAD) LIMITED
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMB (BLURTON ROAD) LIMITED for the year ended 31 May 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of SMB (BLURTON ROAD) LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SMB (BLURTON ROAD) LIMITED and state those matters that we have agreed to state to the Board of Directors of SMB (BLURTON ROAD) LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMB (BLURTON ROAD) LIMITED and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that SMB (BLURTON ROAD) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SMB (BLURTON ROAD) LIMITED. You consider that SMB (BLURTON ROAD) LIMITED is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of SMB (BLURTON ROAD) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SMB (BLURTON ROAD) LIMITED
for the Year Ended 31 May 2023

22 February 2024

 

SMB (BLURTON ROAD) LIMITED

(Registration number: 11365523 )
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

216

541

Investment property

5

1,600,000

1,600,000

 

1,600,216

1,600,541

Current assets

 

Debtors

6

8,877

6,932

Cash at bank and in hand

 

-

14,182

 

8,877

21,114

Creditors: Amounts falling due within one year

7

(900,362)

(1,616,303)

Net current liabilities

 

(891,485)

(1,595,189)

Total assets less current liabilities

 

708,731

5,352

Creditors: Amounts falling due after more than one year

7

(699,506)

-

Provisions for liabilities

(41)

(103)

Net assets

 

9,184

5,249

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

9,084

5,149

Shareholders' funds

 

9,184

5,249

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

SMB (BLURTON ROAD) LIMITED

(Registration number: 11365523 )
Balance Sheet as at 31 May 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 February 2024
 

.........................................
Miss Samantha Jane Jennings
Director

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Woodbury Hill
Loughton
Essex
IG10 1JB

These financial statements were authorised for issue by the director on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

1,299

1,299

At 31 May 2023

1,299

1,299

Depreciation

At 1 June 2022

758

758

Charge for the year

325

325

At 31 May 2023

1,083

1,083

Carrying amount

At 31 May 2023

216

216

At 31 May 2022

541

541

5

Investment properties

2023
£

At 1 June

1,600,000

At 31 May

1,600,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

1,136

-

Prepayments

 

1,829

1,290

Other debtors

 

5,912

5,642

   

8,877

6,932

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

223,613

227,424

Taxation and social security

 

730

553

Accruals and deferred income

 

5,730

5,584

Other creditors

 

670,289

1,382,742

 

900,362

1,616,303

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

699,506

-

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

699,506

-

 

SMB (BLURTON ROAD) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

9

Loans and borrowings (continued)