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Company Registration No. 12299600 (England and Wales)
SMCL Properties Limited Unaudited accounts for the year ended 30 November 2024
SMCL Properties Limited Unaudited accounts Contents
Page
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SMCL Properties Limited Company Information for the year ended 30 November 2024
Directors
Martina Tigwell Stuart Tigwell
Company Number
12299600 (England and Wales)
Registered Office
7 THE PATHWAY BEDFORD MK45 2BL ENGLAND
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SMCL Properties Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
344,694 
344,694 
Current assets
Cash at bank and in hand
7,053 
7,619 
Creditors: amounts falling due within one year
(82,689)
(87,393)
Net current liabilities
(75,636)
(79,774)
Total assets less current liabilities
269,058 
264,920 
Creditors: amounts falling due after more than one year
(263,960)
(263,960)
Net assets
5,098 
960 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,096 
958 
Shareholders' funds
5,098 
960 
For the year ending 30 November 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 14 July 2025 and were signed on its behalf by
Martina Tigwell Director Company Registration No. 12299600
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SMCL Properties Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
SMCL Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12299600. The registered office is 7 THE PATHWAY, BEDFORD, MK45 2BL, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2023
344,694 
At 30 November 2024
344,694 
Depreciation
At 30 November 2024
- 
Net book value
At 30 November 2024
344,694 
At 30 November 2023
344,694 
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SMCL Properties Limited Notes to the Accounts for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
971 
225 
Other creditors
4,680 
4,680 
Loans from directors
76,438 
81,888 
Accruals
600 
600 
82,689 
87,393 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
263,960 
263,960 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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