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Company Registration No. 12859859 (England and Wales)
SMT Homes Limited Unaudited accounts for the year ended 30 September 2024
SMT Homes Limited Unaudited accounts Contents
Page
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SMT Homes Limited Company Information for the year ended 30 September 2024
Directors
S M Patton M F Tompkins
Company Number
12859859 (England and Wales)
Registered Office
22 TORRINGTON ROAD CLAYGATE SURREY KT10 0SA UNITED KINGDOM
Accountants
Hybrid Premium LTD 2-4 Stoneleigh Park Road Stoneleigh Epsom Surrey KT19 0QT
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SMT Homes Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
610,000 
615,000 
Current assets
Debtors
18,253 
17,003 
Cash at bank and in hand
2,527 
14,061 
20,780 
31,064 
Creditors: amounts falling due within one year
(245,511)
(264,864)
Net current liabilities
(224,731)
(233,800)
Total assets less current liabilities
385,269 
381,200 
Creditors: amounts falling due after more than one year
(438,528)
(438,470)
Net liabilities
(53,259)
(57,270)
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
(54,760)
(51,010)
Profit and loss account
1,491 
(6,270)
Shareholders' funds
(53,259)
(57,270)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by
S M Patton Director Company Registration No. 12859859
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SMT Homes Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SMT Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 12859859. The registered office is 22 TORRINGTON ROAD, CLAYGATE, SURREY, KT10 0SA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. A deferred tax asset has been calculated at a provision of 25% on the fair value gain/loss on investment properties.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
615,000 
Net loss from fair value adjustments
(5,000)
At 30 September 2024
610,000 
Investment properties are re-valued at year-end based on the valuations provided by the letting agent.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
18,253 
17,003 
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SMT Homes Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
243,890 
263,274 
Accruals
1,621 
1,590 
245,511 
264,864 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
438,528 
438,470 
At year-end the company owed - The Mortgage Works £181,506.14 Interest only on a five-year fixed rate of 3.89% for a 25-year term, 21 years and 6 months remaining. At year-end the company owed - The Mortgage Works £146,007.72 Interest only on a five-year fixed rate of 2.99% for a 25-year term, 20 years and 9 months remaining. At year-end the company owed - The Mortgage Works £111,013.81 Interest only on a five-year fixed rate of 4.39% for a 25-year term, 21 years and 5 months remaining.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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