IRIS Accounts Production v24.3.0.553 10440703 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104407032023-03-31104407032024-03-31104407032023-04-012024-03-31104407032022-03-31104407032022-04-012023-03-31104407032023-03-3110440703ns15:EnglandWales2023-04-012024-03-3110440703ns14:PoundSterling2023-04-012024-03-3110440703ns10:Director12023-04-012024-03-3110440703ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110440703ns10:SmallEntities2023-04-012024-03-3110440703ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110440703ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110440703ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110440703ns10:FullAccounts2023-04-012024-03-3110440703ns10:OrdinaryShareClass12023-04-012024-03-3110440703ns10:RegisteredOffice2023-04-012024-03-3110440703ns5:CurrentFinancialInstruments2024-03-3110440703ns5:CurrentFinancialInstruments2023-03-3110440703ns5:ShareCapital2024-03-3110440703ns5:ShareCapital2023-03-3110440703ns5:RetainedEarningsAccumulatedLosses2024-03-3110440703ns5:RetainedEarningsAccumulatedLosses2023-03-3110440703ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 10440703 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD

STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD (REGISTERED NUMBER: 10440703)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S P Smith





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 10440703 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD (REGISTERED NUMBER: 10440703)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 916,163 545,311
Debtors 4 229 3,392
Cash at bank 45,809 43,059
962,201 591,762
CREDITORS
Amounts falling due within one year 5 968,534 588,980
NET CURRENT (LIABILITIES)/ASSETS (6,333 ) 2,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,333

)

2,782

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (6,433 ) 2,682
SHAREHOLDERS' FUNDS (6,333 ) 2,782

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 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.

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 29 November 2024 and were signed by:




S P Smith - Director


STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD (REGISTERED NUMBER: 10440703)

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

1. STATUTORY INFORMATION

Stephen Smith Property Development Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STEPHEN SMITH PROPERTY DEVELOPMENT
COMPANY LTD (REGISTERED NUMBER: 10440703)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 229 3,392

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 40,767
Amounts owed to group undertakings 967,207 547,207
Directors' current accounts 6 6
Accrued expenses 1,321 1,000
968,534 588,980

6. SECURED DEBTS

A fixed charge debenture is held over the assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Peter Smith Holding Company Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions with entities which form part of the group.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Peter Smith Holding Company Limited which is registered in England,Company Number 13439896. The ultimate controlling party is Mr P N Smith who owns 100% of the share capital in that company.