Registered number
03582895
SMS INVESTMENTS LIMITED
Filleted Accounts
30 June 2024
SMS INVESTMENTS LIMITED
Registered number: 03582895
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,028,172 442,525
Investments 4 333 333
1,028,505 442,858
Current assets
Debtors 5 412,800 462,148
Cash at bank and in hand 594 138,083
413,394 600,231
Creditors: amounts falling due within one year 6 (88,026) (27,541)
Net current assets 325,368 572,690
Total assets less current liabilities 1,353,873 1,015,548
Creditors: amounts falling due after more than one year 7 (836,050) (481,208)
Net assets 517,823 534,340
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 516,823 533,340
Shareholders' funds 517,823 534,340
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H D Thakker
Director
Approved by the board on 17 March 2025
SMS INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Transitional exemption advantage has been taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 442,525
Additions 585,647
At 30 June 2024 1,028,172
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1,028,172
At 30 June 2023 442,525
4 Investments
Other
investments
£
Cost
At 1 July 2023 333
At 30 June 2024 333
The investment of £333 represent holdings of under 20% in each of the three companies. These companies have been loaned £308,858 (2023: £333,858) as disclosed in debtors. The additional represents holding of 33.33%. This company has been loaned £102,767, disclosed in debtors.
The company holds 33.33% shareholding in PRH Estates Ltd (incorporated in England). The accounts of this company for the year ended 31 March 2024 showed Capital and Reserves of £122,954 and Profit for the year of £11,519.
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 411,625 436,625
Shareholder's account (repaid after year end) - 24,348
Other debtors 1,175 1,175
412,800 462,148
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Shareholders' loans 54,735 -
Corporation tax - 7,550
Other creditors and accruals 27,291 13,991
88,026 27,541
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 836,050 481,208
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 815,690 455,000
Instalments falling due for payment after more than five years 26,360 10,521
842,050 465,521
Secured bank loans 815,690 487,208
The loans are secured by first charge over the investment properties and floating charge over other assets of the company. The loan of £455,000 is repayable by 5 July 2027 and it is on interest. £360,690 is repayabel by 2039 and it is on interest only basis. £7,667 loan is repayable by 2025. The balance of loan is on a repayment basis repayable by 14 July 2031.
9 Other information
SMS INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Compton House
20(b) Selsdon Road
South Croydon
Surrey
CR2 6PA
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