SMM PROPERTIES & DEVELOPMENT LTD

Company Registration Number:
11769264 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

SMM PROPERTIES & DEVELOPMENT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

SMM PROPERTIES & DEVELOPMENT LTD

Company Information

for the Period Ended 31 January 2023




Director: Simeon MONGA
Registered office: 28
Ashwood Avenue
Coventry
West Midlands
GBR
CV6 1ET
Company Registration Number: 11769264 (England and Wales)

SMM PROPERTIES & DEVELOPMENT LTD

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

The company's principal activity during the period was the provision of building completion and finishing services.

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
Simeon MONGA

This report was approved by the board of directors on 17 January 2024
And Signed On Behalf Of The Board By:

Name: Simeon MONGA
Status: Director

SMM PROPERTIES & DEVELOPMENT LTD

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 584 876
Total fixed assets: 584 876
Current assets
Debtors: 6 15,210 17,806
Cash at bank and in hand: 2,093 221
Total current assets: 17,303 18,027
Creditors: amounts falling due within one year: 7 ( 15,555 ) ( 15,428 )
Net current assets (liabilities): 1,748 2,599
Total assets less current liabilities: 2,332 3,475
Creditors: amounts falling due after more than one year: 8 ( 2,190 ) ( 3,012 )
Provision for liabilities: ( 111 ) ( 166 )
Total net assets (liabilities): 31 297

The notes form part of these financial statements

SMM PROPERTIES & DEVELOPMENT LTD

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 30 296
Shareholders funds: 31 297

For the year ending 31 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 17 January 2024
And Signed On Behalf Of The Board By:

Name: Simeon MONGA
Status: Director

The notes form part of these financial statements

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable on the provision of services, net of VAT, and trade discounts on the provision of services falling within the company’s ordinary activities.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates to write off the assets over their estimated useful lives:
    Motor vehicle 25% reducing balance method
    Office equipment 25% straight-line method
    Furniture & fittings 25% straight-line method

    Other accounting policies

    Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the directors' opinion, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Dividends


2023
£

2022
£
Dividends paid 23,308 23,011

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Tangible assets

Office equipment Total
Cost £ £
At 01 February 2022 1,168 1,168
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 1,168 1,168
Depreciation
At 01 February 2022 292 292
Charge for year 292 292
On disposals - -
Other adjustments - -
At 31 January 2023 584 584
Net book value
At 31 January 2023 584 584
At 31 January 2022 876 876

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Debtors


2023
£

2022
£
Other debtors 15,210 17,806
Total 15,210 17,806

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 14,855 14,728
Accruals and deferred income 700 700
Total 15,555 15,428

SMM PROPERTIES & DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 2,190 3,012
Total 2,190 3,012