Company registration number 11669565 (England and Wales)
S&M PROPERTY LETTINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
S&M PROPERTY LETTINGS LIMITED
COMPANY INFORMATION
Directors
Mr S E Law
Mr S J McMeekan
Company number
11669565
Registered office
Robinhill
Needlemill Lane
Stoke Prior
Bromsgrove
Worcestershire
B60 4DW
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
Chatham Customer Service Centre
Waterside Court
Maritime
Chatham
ME4 4RT
S&M PROPERTY LETTINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
S&M PROPERTY LETTINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF S&M PROPERTY LETTINGS LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S&M Property Lettings Limited for the year ended 30 November 2024 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of S&M Property Lettings 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 S&M Property Lettings Limited and state those matters that we have agreed to state to the board of directors of S&M Property Lettings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S&M Property Lettings Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that S&M Property Lettings 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 loss of S&M Property Lettings Limited. You consider that S&M Property Lettings 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 S&M Property Lettings 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.

Ormerod Rutter Limited
27 August 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
S&M PROPERTY LETTINGS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
104,250
104,250
Current assets
Cash at bank and in hand
1,818
6,401
Creditors: amounts falling due within one year
4
(32,635)
(32,241)
Net current liabilities
(30,817)
(25,840)
Total assets less current liabilities
73,433
78,410
Creditors: amounts falling due after more than one year
5
(75,000)
(75,000)
Net (liabilities)/assets
(1,567)
3,410
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(1,667)
3,310
Total equity
(1,567)
3,410

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mr S E Law
Mr S J McMeekan
Director
Director
Company registration number 11669565 (England and Wales)
S&M PROPERTY LETTINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

S&M Property Lettings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Robinhill, Needlemill Lane, Stoke Prior, Bromsgrove, Worcestershire, United Kingdom, B60 4DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

 

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
S&M PROPERTY LETTINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 December 2023 and 30 November 2024
104,250

The directors have assessed the market value of the property and consider that there has been no significant change in the fair value at the year end.

4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
252
73
Taxation and social security
-
0
84
Other creditors
32,383
32,084
32,635
32,241
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
75,000
75,000
6
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
75,000
75,000
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
50
50
50
50
100
100
100
100
8
Ultimate controlling party

There is no ultimate controlling party.

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