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REGISTERED NUMBER: 06412635 (England and Wales)















Financial Statements For The Year Ended 31st October 2024

for

Smith & Bone Properties Limited

Smith & Bone Properties Limited (Registered number: 06412635)






Contents of the Financial Statements
For The Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smith & Bone Properties Limited

Company Information
For The Year Ended 31st October 2024







DIRECTORS: T J Smith
Ms S Smith





REGISTERED OFFICE: 28 Buxton Road
Boldmere
Birmingham
B73 5RR





REGISTERED NUMBER: 06412635 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Smith & Bone Properties Limited (Registered number: 06412635)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 70,076 53,614
Investment property 5 2,498,000 1,991,000
2,568,076 2,044,614

CURRENT ASSETS
Cash at bank 1,958 -

CREDITORS
Amounts falling due within one year 6 476,710 464,136
NET CURRENT LIABILITIES (474,752 ) (464,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,093,324

1,580,478

CREDITORS
Amounts falling due after more than one
year

7

(1,269,558

)

(893,522

)

PROVISIONS FOR LIABILITIES (158,346 ) (135,590 )
NET ASSETS 665,420 551,366

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 644,949 548,124
Retained earnings 20,371 3,142
SHAREHOLDERS' FUNDS 665,420 551,366

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

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

Smith & Bone Properties Limited (Registered number: 06412635)

Balance Sheet - continued
31st October 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 29th May 2025 and were signed on its behalf by:





T J Smith - Director


Smith & Bone Properties Limited (Registered number: 06412635)

Notes to the Financial Statements
For The Year Ended 31st October 2024

1. STATUTORY INFORMATION

Smith & Bone Properties 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 etc - 25% on cost and 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Smith & Bone Properties Limited (Registered number: 06412635)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 118,119
Additions 51,810
Disposals (30,255 )
At 31st October 2024 139,674
DEPRECIATION
At 1st November 2023 64,505
Charge for year 27,784
Eliminated on disposal (22,691 )
At 31st October 2024 69,598
NET BOOK VALUE
At 31st October 2024 70,076
At 31st October 2023 53,614

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 1,991,000
Additions 387,463
Revaluations 119,537
At 31st October 2024 2,498,000
NET BOOK VALUE
At 31st October 2024 2,498,000
At 31st October 2023 1,991,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2024 796,233
Cost 1,701,767
2,498,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,701,767 1,314,304

Investment property was valued on an open market basis on 31st October 2024 by the director .

Smith & Bone Properties Limited (Registered number: 06412635)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,892 39,557
Finance leases 12,314 10,006
Taxation and social security 768 5,878
Other creditors 421,736 408,695
476,710 464,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,217,202 860,984
Finance leases 52,356 32,538
1,269,558 893,522

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,731 10,776