Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseInvestment Property11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11747285 2024-01-01 2024-12-31 11747285 2023-01-01 2023-12-31 11747285 2024-12-31 11747285 2023-12-31 11747285 c:Director1 2024-01-01 2024-12-31 11747285 d:Buildings 2024-01-01 2024-12-31 11747285 d:Buildings 2024-12-31 11747285 d:Buildings 2023-12-31 11747285 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11747285 d:FurnitureFittings 2024-01-01 2024-12-31 11747285 d:FurnitureFittings 2024-12-31 11747285 d:FurnitureFittings 2023-12-31 11747285 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11747285 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11747285 d:CurrentFinancialInstruments 2024-12-31 11747285 d:CurrentFinancialInstruments 2023-12-31 11747285 d:Non-currentFinancialInstruments 2024-12-31 11747285 d:Non-currentFinancialInstruments 2023-12-31 11747285 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11747285 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11747285 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11747285 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11747285 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 11747285 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 11747285 d:ShareCapital 2024-12-31 11747285 d:ShareCapital 2023-12-31 11747285 d:RetainedEarningsAccumulatedLosses 2024-12-31 11747285 d:RetainedEarningsAccumulatedLosses 2023-12-31 11747285 c:FRS102 2024-01-01 2024-12-31 11747285 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11747285 c:FullAccounts 2024-01-01 2024-12-31 11747285 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11747285 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11747285










SMS HOLDINGS NW LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SMS HOLDINGS NW LTD
REGISTERED NUMBER: 11747285

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
£
£

FIXED ASSETS

Tangible assets
644,506
648,682

CURRENT ASSETS

Debtors: amounts falling due within one year
84,898
85,697

Cash at bank and in hand
7,390
10,428

92,288
96,125

Creditors: amounts falling due within one year
(33,335)
(32,803)

NET CURRENT ASSETS
 
 
58,953
 
 
63,322

TOTAL ASSETS LESS CURRENT LIABILITIES
703,459
712,004

Creditors: amounts falling due after more than one year
(817,268)
(802,327)


NET LIABILITIES
(113,809)
(90,323)


CAPITAL AND RESERVES

Called up share capital 
2
2

Profit and loss account
(113,811)
(90,325)

(113,809)
(90,323)


Page 1

 
SMS HOLDINGS NW LTD
REGISTERED NUMBER: 11747285
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr Ryan Rieder
Director

Date: 3 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SMS HOLDINGS NW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
Maritime House
Harbour Walk
The Marina
Hartlepool
TS24 0UX

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SMS HOLDINGS NW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Nil
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
SMS HOLDINGS NW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 January 2024
631,980
25,368
657,348



At 31 December 2024

631,980
25,368
657,348



Depreciation


At 1 January 2024
-
8,666
8,666


Charge for the year on owned assets
-
4,176
4,176



At 31 December 2024

-
12,842
12,842



Net book value



At 31 December 2024
631,980
12,526
644,506



At 31 December 2023
631,980
16,702
648,682


5.


Debtors

2024
2023
£
£


Trade debtors
4,898
5,697

Amounts owed by group undertakings
80,000
80,000

84,898
85,697



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
7,390
10,428

7,390
10,428


Page 5

 
SMS HOLDINGS NW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
27,495
30,695

Accruals and deferred income
5,840
2,108

33,335
32,803



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
585,564
585,656

Amounts owed to group undertakings
231,704
216,671

817,268
802,327



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
585,564
585,656

585,564
585,656

585,564
585,656



10.


CONTROLLING PARTY

The immediate parent is Rieder Investments Limited the registered office of which is Maritime House, Harbour Walk, The Marina, HartlepooL, TS24 0UX.
The ultimate parent undertaking and controlling party is Rieder Wellness Limited the registered office of which is Maritime House, Harbour Walk, The Marina, Hartlepool, TS24 0UX.
 
Page 6