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REGISTERED NUMBER: 06156314 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Smith & Newton Developments Limited

Smith & Newton Developments Limited (Registered number: 06156314)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smith & Newton Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D E J Newton
C M Smith





SECRETARY: D E J Newton





REGISTERED OFFICE: 9 Shepherd's Lane
Homerton
London
E9 6JJ





REGISTERED NUMBER: 06156314 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Smith & Newton Developments Limited (Registered number: 06156314)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,222,982 1,216,306

CURRENT ASSETS
Debtors 5 - 725
Cash at bank 4,239 8,996
4,239 9,721
CREDITORS
Amounts falling due within one year 6 481,467 451,263
NET CURRENT LIABILITIES (477,228 ) (441,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,754

774,764

CREDITORS
Amounts falling due after more than one
year

7

(503,503

)

(560,024

)

PROVISIONS FOR LIABILITIES (5,746 ) (4,077 )
NET ASSETS 236,505 210,663

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 192,149 192,149
Retained earnings 44,354 18,512
236,505 210,663

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Smith & Newton Developments Limited (Registered number: 06156314)

Balance Sheet - continued
31 March 2024


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 28 August 2024 and were signed on its behalf by:





C M Smith - Director


Smith & Newton Developments Limited (Registered number: 06156314)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Smith & Newton Developments 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

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

Smith & Newton Developments Limited (Registered number: 06156314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2023 1,200,000 24,605 1,224,605
Additions - 10,178 10,178
At 31 March 2024 1,200,000 34,783 1,234,783
DEPRECIATION
At 1 April 2023 - 8,299 8,299
Charge for year - 153 153
Charge written back - 3,349 3,349
At 31 March 2024 - 11,801 11,801
NET BOOK VALUE
At 31 March 2024 1,200,000 22,982 1,222,982
At 31 March 2023 1,200,000 16,306 1,216,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 58,349 19,000
Taxation and social security 6,481 2,854
Other creditors 416,637 429,409
481,467 451,263

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 503,503 560,024

8. RESERVES
Revaluation
reserve
£
At 1 April 2023
and 31 March 2024 192,149