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REGISTERED NUMBER: 09115227 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MARTIN SMITH PROPERTY MANAGEMENT LIMITED

MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MARTIN SMITH PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: Mr M Smith
Mrs V A Smith
Mr G Newman
Mr A S Smith





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 09115227 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)

ABRIDGED BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 28,078 38,765
Tangible assets 5 20,946 6,722
49,024 45,487

CURRENT ASSETS
Debtors 3,470 3,670
Cash at bank and in hand 967,312 910,473
970,782 914,143
CREDITORS
Amounts falling due within one year 687,096 641,031
NET CURRENT ASSETS 283,686 273,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,710

318,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 332,610 318,499
SHAREHOLDERS' FUNDS 332,710 318,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)

ABRIDGED BALANCE SHEET - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 April 2025 and were signed on its behalf by:





Mr M Smith - Director


MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Martin Smith Property Management 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014 and 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 106,867
AMORTISATION
At 1 October 2023 68,102
Amortisation for year 10,687
At 30 September 2024 78,789
NET BOOK VALUE

At 30 September 2024 28,078
At 30 September 2023 38,765

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 38,051
Additions 47,870
Disposals (38,995 )
At 30 September 2024 46,926
DEPRECIATION
At 1 October 2023 31,329
Charge for year 6,981
Eliminated on disposal (12,330 )
At 30 September 2024 25,980
NET BOOK VALUE
At 30 September 2024 20,946
At 30 September 2023 6,722

MARTIN SMITH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09115227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £411 (2023: £176) to the directors.