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REGISTERED NUMBER: 02318237 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SMITH HAMILTON LIMITED

SMITH HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMITH HAMILTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: B E E Smith
Mrs C Smith





SECRETARY: B E E Smith





REGISTERED OFFICE: Garden House
Cornwall Gardens
London
SW7 4BQ





REGISTERED NUMBER: 02318237 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SMITH HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,395,593 1,400,879
Investments 5 2 2
1,395,595 1,400,881

CURRENT ASSETS
Stocks 9,199 9,199
Debtors 6 315,633 314,071
Investments 7 1,667 1,667
Cash at bank 210,280 117,171
536,779 442,108
CREDITORS
Amounts falling due within one year 8 101,729 91,092
NET CURRENT ASSETS 435,050 351,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,830,645

1,751,897

CAPITAL AND RESERVES
Called up share capital 1,650 1,650
Share premium 5,319,350 5,319,350
Retained earnings (3,490,355 ) (3,569,103 )
SHAREHOLDERS' FUNDS 1,830,645 1,751,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

BALANCE SHEET - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th January 2025 and were signed on its behalf by:





B E E Smith - Director


SMITH HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Smith Hamilton 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 2% on cost and Land - no depreciation charged
Office equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Unlisted investments
Unlisted investments are stated at cost less any provision for diminution in value.

SMITH HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land & Office
buildings equipment Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 1,563,418 5,617 1,569,035
DEPRECIATION
At 1st May 2023 163,970 4,186 168,156
Charge for year 5,000 286 5,286
At 30th April 2024 168,970 4,472 173,442
NET BOOK VALUE
At 30th April 2024 1,394,448 1,145 1,395,593
At 30th April 2023 1,399,448 1,431 1,400,879

Included in cost of land and buildings is freehold land of £ 1,311,418 (2023 - £ 1,311,418 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2023
and 30th April 2024 2
NET BOOK VALUE
At 30th April 2024 2
At 30th April 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,857 64,071
Other debtors 251,776 250,000
315,633 314,071

SMITH HAMILTON LIMITED (REGISTERED NUMBER: 02318237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 1,667 1,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,198 10,771
Taxation and social security 28,143 18,071
Other creditors 64,388 62,250
101,729 91,092