1 March 2023 false No description of principal activity Taxfiler 2024.5 SC589989business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC5899892023-02-28 SC5899892023-03-012024-02-29 SC589989business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC589989business:FilletedAccounts2023-03-012024-02-29 SC5899892024-02-29 SC589989business:Director12023-03-012024-02-29 SC589989business:Director22023-03-012024-02-29 SC589989business:RegisteredOffice2023-03-012024-02-29 SC5899892023-02-28 SC589989core:WithinOneYear2024-02-29 SC589989core:WithinOneYear2023-02-28 SC589989core:AfterOneYear2024-02-29 SC589989core:AfterOneYear2023-02-28 SC589989core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC589989core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC589989core:RevaluationReservecore:PreviouslyStatedAmount2024-02-29 SC589989core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 SC589989core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC589989core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC589989core:PreviouslyStatedAmount2024-02-29 SC589989core:PreviouslyStatedAmount2023-02-28 SC589989business:SmallEntities2023-03-012024-02-29 SC589989countries:Scotland2023-03-012024-02-29 SC589989core:PlantMachinery2023-03-012024-02-29 SC589989core:FurnitureFittings2023-02-28 SC589989core:FurnitureFittings2023-03-012024-02-29 SC589989core:FurnitureFittings2024-02-29 SC5899892022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC589989 (Scotland)
SHMM PROPERTIES LTD Unaudited accounts for the year ended 29 February 2024
SHMM PROPERTIES LTD Unaudited accounts Contents
Page
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SHMM PROPERTIES LTD Company Information for the year ended 29 February 2024
Directors
Steven Henry Sneddon Holly Sneddon
Company Number
SC589989 (Scotland)
Registered Office
50 JAMES YOUNG ROAD BATHGATE EH48 2UP UNITED KINGDOM
Accountants
Gregory Accounting Services Limited 87 Meadowpark Avenue Bathgate West Lothian EH48 2ST
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SHMM PROPERTIES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,962 
5,440 
Investment property
2,364,576 
2,317,000 
2,366,538 
2,322,440 
Current assets
Cash at bank and in hand
245 
3,687 
Creditors: amounts falling due within one year
(362,896)
(467,258)
Net current liabilities
(362,651)
(463,571)
Total assets less current liabilities
2,003,887 
1,858,869 
Creditors: amounts falling due after more than one year
(1,195,380)
(1,118,853)
Net assets
808,507 
740,016 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
558,352 
558,352 
Profit and loss account
250,153 
181,662 
Shareholders' funds
808,507 
740,016 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by
Steven Henry Sneddon Director Company Registration No. SC589989
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SHMM PROPERTIES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SHMM PROPERTIES LTD is a private company, limited by shares, registered in Scotland, registration number SC589989. The registered office is 50 JAMES YOUNG ROAD, BATHGATE, EH48 2UP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
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SHMM PROPERTIES LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
13,302 
Disposals
(4,087)
At 29 February 2024
9,215 
Depreciation
At 1 March 2023
7,862 
Charge for the year
1,843 
On disposals
(2,452)
At 29 February 2024
7,253 
Net book value
At 29 February 2024
1,962 
At 28 February 2023
5,440 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
2,317,000 
Additions
117,576 
Disposals
(70,000)
At 29 February 2024
2,364,576 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
20,230 
15,085 
Other creditors
29,964 
121,857 
Loans from directors
312,230 
329,844 
Accruals
472 
472 
362,896 
467,258 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,195,380 
1,118,853 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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