| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024 |
| FOR |
| SM CREPS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024 |
| FOR |
| SM CREPS LIMITED |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the period 1 October 2023 to 31 August 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SM CREPS LIMITED |
| COMPANY INFORMATION |
| for the period 1 October 2023 to 31 August 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 19-20 Bourne Court |
| Southend Road |
| Woodford Green |
| Essex |
| IG8 8HD |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| ABRIDGED BALANCE SHEET |
| 31 August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The director acknowledges his 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. |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| ABRIDGED BALANCE SHEET - continued |
| 31 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the period 1 October 2023 to 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| SM Creps Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Unlisted investments |
| Unlisted investments are recognised at cost less provision for impairment. |
| 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 |
| Motor vehicles | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 period 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. |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 October 2023 to 31 August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchases contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 period was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 October 2023 |
| and 31 August 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for period |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 30 September 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| Additions | 1,150,000 |
| Revaluations | 67,706 |
| At 31 August 2024 | 1,217,706 |
| NET BOOK VALUE |
| At 31 August 2024 | 1,217,706 |
| SM CREPS LIMITED (REGISTERED NUMBER: 11572528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 October 2023 to 31 August 2024 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 August 2024 is represented by: |
| Totals |
| £ |
| Valuation in 2024 | 1,217,706 |
| Fixed assets investments are initially recognised at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit and loss. |
| 6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 7. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company owed £775,600 (2023: £77,240) to the director. |
| At the balance sheet date, the company was owed £82,694 (2023: £89,405) by G Limited, a company of which Mr G K Morgan, the company secretary, is the sole director. There is no agreed repayment date. |