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REGISTERED NUMBER: 00947064 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

SMITHS OF RAINHILL LIMITED

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SMITHS OF RAINHILL LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr P Smith
Mrs C A Smith





SECRETARY: Mrs C A Smith





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
L34 3LG





REGISTERED NUMBER: 00947064 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Smiths Of Rainhill Limited


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Smiths Of Rainhill Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Smiths Of Rainhill Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smiths Of Rainhill Limited and state those matters that we have agreed to state to the Board of Directors of Smiths Of Rainhill Limited, as a body, 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 Smiths Of Rainhill Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Smiths Of Rainhill Limited 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 profit of Smiths Of Rainhill Limited. You consider that Smiths Of Rainhill Limited 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 Smiths Of Rainhill Limited. 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.






Butterworth Barlow
Chartered Accountants
Liverpool


22 April 2025

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,685 2,049
Investments 5 37,562 37,562
Investment property 6 3,248,481 2,893,500
3,287,728 2,933,111

CURRENT ASSETS
Debtors 7 73,025 22,091
Cash at bank and in hand 111,550 153,613
184,575 175,704
CREDITORS
Amounts falling due within one year 8 56,570 743,700
NET CURRENT ASSETS/(LIABILITIES) 128,005 (567,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,415,733 2,365,115

CREDITORS
Amounts falling due after more than one year 9 1,886,516 1,113,348
NET ASSETS 1,529,217 1,251,767

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Revaluation reserve 12 1,368,020 1,123,009
Retained earnings 156,197 123,758
SHAREHOLDERS' FUNDS 1,529,217 1,251,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mrs C A Smith - Director


SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Smiths Of Rainhill 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 31,833 5,926 999 38,758
DEPRECIATION
At 1 August 2023 30,346 5,926 437 36,709
Charge for year 223 - 141 364
At 31 July 2024 30,569 5,926 578 37,073
NET BOOK VALUE
At 31 July 2024 1,264 - 421 1,685
At 31 July 2023 1,487 - 562 2,049

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 August 2023
and 31 July 2024 37,562
NET BOOK VALUE
At 31 July 2024 37,562
At 31 July 2023 37,562

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 2,893,500
Additions 109,970
Revaluations 245,011
At 31 July 2024 3,248,481
NET BOOK VALUE
At 31 July 2024 3,248,481
At 31 July 2023 2,893,500

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 1,127,769
Valuation in 2024 240,250
Cost 1,880,462
3,248,481

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by participating interests 22,327 10,486
Other debtors - 11,605
Prepayments and accrued income 50,698 -
73,025 22,091

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 10) 3,948 560,059
Amounts owed to participating interests 1,889 -
Tax 14,987 51,592
Social security and other taxes 105 -
VAT 627 627
Directors' current accounts 30,795 120,841
Accrued expenses 4,219 10,581
56,570 743,700

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 10) 1,886,516 1,113,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 10,723 1,066,612

10. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,948 560,059

Amounts falling due between one and two years:
Bank loans 3,948 11,684

Amounts falling due between two and five years:
Bank loans 1,871,845 35,052

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 10,723 1,066,612

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
5,000 Ordinary £1 1 5,000 5,000

SMITHS OF RAINHILL LIMITED (REGISTERED NUMBER: 00947064)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


12. RESERVES
Revaluation
reserve
£   
At 1 August 2023 1,123,009
Revaluation adjustment 245,011

At 31 July 2024 1,368,020