IRIS Accounts Production v24.3.2.46 11968469 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119684692023-04-30119684692024-04-30119684692023-05-012024-04-30119684692022-04-30119684692022-05-012023-04-30119684692023-04-3011968469ns15:EnglandWales2023-05-012024-04-3011968469ns14:PoundSterling2023-05-012024-04-3011968469ns10:Director12023-05-012024-04-3011968469ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011968469ns10:SmallEntities2023-05-012024-04-3011968469ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3011968469ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011968469ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011968469ns10:FullAccounts2023-05-012024-04-3011968469ns10:Director22023-05-012024-04-3011968469ns10:RegisteredOffice2023-05-012024-04-3011968469ns5:CurrentFinancialInstruments2024-04-3011968469ns5:CurrentFinancialInstruments2023-04-3011968469ns5:Non-currentFinancialInstruments2024-04-3011968469ns5:Non-currentFinancialInstruments2023-04-3011968469ns5:ShareCapital2024-04-3011968469ns5:ShareCapital2023-04-3011968469ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3011968469ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3011968469ns5:RetainedEarningsAccumulatedLosses2024-04-3011968469ns5:RetainedEarningsAccumulatedLosses2023-04-3011968469ns5:FurnitureFittings2023-05-012024-04-3011968469ns5:FurnitureFittings2023-04-3011968469ns5:ComputerEquipment2023-04-3011968469ns5:ComputerEquipment2023-05-012024-04-3011968469ns5:FurnitureFittings2024-04-3011968469ns5:ComputerEquipment2024-04-3011968469ns5:FurnitureFittings2023-04-3011968469ns5:ComputerEquipment2023-04-3011968469ns5:Secured2024-04-3011968469ns5:Secured2023-04-3011968469ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-30
REGISTERED NUMBER: 11968469 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SMJH Projects Ltd

SMJH Projects Ltd (Registered number: 11968469)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


SMJH Projects Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J G Harris





REGISTERED OFFICE: 96 Stowe Crescent
Ruislip
HA4 7SS





REGISTERED NUMBER: 11968469 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
SMJH Projects Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMJH Projects Ltd for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SMJH Projects Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SMJH Projects Ltd and state those matters that we have agreed to state to the director of SMJH Projects Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMJH Projects Ltd and its director for our work or for this report.

It is your duty to ensure that SMJH Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SMJH Projects Ltd. You consider that SMJH Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SMJH Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


29 January 2025

SMJH Projects Ltd (Registered number: 11968469)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,221 1,506
Investment property 5 389,766 260,000
390,987 261,506

CURRENT ASSETS
Cash at bank 9,592 36,201

CREDITORS
Amounts falling due within one year 6 173,689 121,281
NET CURRENT LIABILITIES (164,097 ) (85,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 226,890 176,426

CREDITORS
Amounts falling due after more than one year 7 (248,963 ) (191,215 )

ACCRUALS AND DEFERRED INCOME (586 ) (547 )
NET LIABILITIES (22,659 ) (15,336 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 5,715 5,715
Retained earnings (28,375 ) (21,052 )
(22,659 ) (15,336 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 January 2025 and were signed by:





Miss S Martin - Director


SMJH Projects Ltd (Registered number: 11968469)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

SMJH Projects 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

SMJH Projects Ltd (Registered number: 11968469)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,416 214 2,630
DEPRECIATION
At 1 May 2023 988 136 1,124
Charge for year 214 71 285
At 30 April 2024 1,202 207 1,409
NET BOOK VALUE
At 30 April 2024 1,214 7 1,221
At 30 April 2023 1,428 78 1,506

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 260,000
Additions 129,766
At 30 April 2024 389,766
NET BOOK VALUE
At 30 April 2024 389,766
At 30 April 2023 260,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2021 80,805
Valuation in 2022 (75,090 )
Cost 384,051
389,766

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 384,051 254,285
Aggregate depreciation (25,429 ) (20,342 )

Investment property was valued on an open market basis on 30 April 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 173,689 121,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 248,963 191,215

SMJH Projects Ltd (Registered number: 11968469)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 248,963 191,215

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 248,963 191,215

A personal guarantee has been provided on the mortgages of the properties held by the company.

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 5,715