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REGISTERED NUMBER: 09521584 (England and Wales)


















SMERDON HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SMERDON HOLDINGS LIMITED (REGISTERED NUMBER: 09521584)

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


SMERDON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D A Smerdon
N Smerdon





REGISTERED OFFICE: The Old School
Commercial Street
Bedlinog
Treharris
Merthyr Tydfil
CF46 6RF





REGISTERED NUMBER: 09521584 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

SMERDON HOLDINGS LIMITED (REGISTERED NUMBER: 09521584)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 64,587 65,569
Investments 5 301 301
Investment property 6 1,124,101 974,101
1,188,989 1,039,971

CREDITORS
Amounts falling due within one year 7 (836,096 ) (821,197 )
NET CURRENT LIABILITIES (836,096 ) (821,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,893

218,774

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 291,000 150,000
Retained earnings 61,892 68,773
SHAREHOLDERS' FUNDS 352,893 218,774

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 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





D A Smerdon - Director


SMERDON HOLDINGS LIMITED (REGISTERED NUMBER: 09521584)

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


1. STATUTORY INFORMATION

Smerdon 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 Section 1A.

Tangible fixed assets
Tangible fixed assets are initially recorded at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Land and buildings-2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recorded at cost less any impairment.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

3. EMPLOYEES AND DIRECTORS

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

SMERDON HOLDINGS LIMITED (REGISTERED NUMBER: 09521584)

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


4. TANGIBLE FIXED ASSETS
Freehold
land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 68,709
DEPRECIATION
At 1 April 2023 3,140
Charge for year 982
At 31 March 2024 4,122
NET BOOK VALUE
At 31 March 2024 64,587
At 31 March 2023 65,569

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 301
NET BOOK VALUE
At 31 March 2024 301
At 31 March 2023 301

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 974,101
Additions 9,000
Revaluations 141,000
At 31 March 2024 1,124,101
NET BOOK VALUE
At 31 March 2024 1,124,101
At 31 March 2023 974,101

The investment property was revalued on a fair value basis at 31 March 2024 by the directors who do not have a formal valuation qualification. In valuing the property the directors have considered the potential sales values.

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2024 1,124,101

SMERDON HOLDINGS LIMITED (REGISTERED NUMBER: 09521584)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 835,195 820,297
Accruals and deferred income 901 900
836,096 821,197

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1