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REGISTERED NUMBER: 11781017 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

S C SMITH HOLDINGS LIMITED

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S C SMITH HOLDINGS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D Smith





SECRETARY:





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 11781017 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 846,025 846,025

CURRENT ASSETS
Debtors 5 3,475 2,085
Cash at bank and in hand 2,434 655
5,909 2,740
CREDITORS
Amounts falling due within one year 6 32,385 29,207
NET CURRENT LIABILITIES (26,476 ) (26,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,549

819,558

CREDITORS
Amounts falling due after more than
one year

7

761,519

765,474
NET ASSETS 58,030 54,084

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,930 53,984
SHAREHOLDERS' FUNDS 58,030 54,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Balance Sheet - continued
29 February 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 director and authorised for issue on 21 November 2024 and were signed by:





D Smith - Director


S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

S C SMITH HOLDINGS 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2023
and 29 February 2024 846,025
NET BOOK VALUE
At 29 February 2024 846,025
At 28 February 2023 846,025

Included in cost of land and buildings is freehold land of £ 846,025 (2023 - £ 846,025 ) which is not depreciated.

S C SMITH HOLDINGS LIMITED (Registered number: 11781017)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 3,475 2,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Tax 12,865 7,910
Directors' loan accounts 18,379 19,911
Accrued expenses 1,141 1,386
32,385 29,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans - 1-2 years 48,477 51,109
Bank loans - 2-5 years 489,061 229,760
Bank loans more 5 yr by instal 223,981 484,605
761,519 765,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 223,981 484,605

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company has been loaned a sum of money from the director to purchase the freehold. This company loan has been charged this year at an interest rate of 4.5%. There is no set repayment date.