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REGISTERED NUMBER: 12744406 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SMJB PROPERTIES LIMITED

SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMJB PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Y Boran
S J Millward





REGISTERED OFFICE: Pipe Dream Fittings Limited
Pedmore Road
Dudley
DY2 0RD





REGISTERED NUMBER: 12744406 (England and Wales)

SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,950,084 1,112,486

CURRENT ASSETS
Debtors 5 5,981 3,001
Cash at bank 2,571 978
8,552 3,979
CREDITORS
Amounts falling due within one year 6 241,514 66,251
NET CURRENT LIABILITIES (232,962 ) (62,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,717,122

1,050,214

CREDITORS
Amounts falling due after more than
one year

7

2,500,082

924,212
NET ASSETS 217,040 126,002

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 217,038 126,000
217,040 126,002

SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





S J Millward - Director


SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

SMJB Properties 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.

On 9th July 2024 the registered office address changed from Brittania Works, Talbots Lane Trading Estate, Talbots Lane, Brierley Hill, DY5 2YX, to Pipe Dream Fittings Limited, Pedmore Road, Dudley, DY2 0RD on 9 July 2024.

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
Rental income from investment properties is recognised on a straight line basis, included in the financial statements in the period to which the rental income relates.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,112,486
Additions 2,031,486
Disposals (193,888 )
At 31 May 2024 2,950,084
NET BOOK VALUE
At 31 May 2024 2,950,084
At 31 May 2023 1,112,486

SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,548 2,387
Other debtors 1,433 614
5,981 3,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 182,558 20,303
Taxation and social security 38,871 27,835
Other creditors 20,085 18,113
241,514 66,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,680,080 307,671
Other creditors 820,002 616,541
2,500,082 924,212

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,862,638 327,974

SMJB Properties Limited have provided security over the bank loans via a fixed and floating charge containing a negative pledge over the assets of the company. The liability at the year end was £1,862,638.