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REGISTERED NUMBER: 11678458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

SMS PROPERTIES (LONDON) LIMITED

SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30th November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SMS PROPERTIES (LONDON) LIMITED

COMPANY INFORMATION
for the year ended 30th November 2024







DIRECTOR: Dr S Hameed





REGISTERED OFFICE: Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN





REGISTERED NUMBER: 11678458 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)

ABRIDGED BALANCE SHEET
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,790 362,941

CURRENT ASSETS
Debtors 30,500 19,300
Cash at bank and in hand 4,173 1,087
34,673 20,387
CREDITORS
Amounts falling due within one year 176,649 161,576
NET CURRENT LIABILITIES (141,976 ) (141,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,814

221,752

CREDITORS
Amounts falling due after more than one
year

5

(229,379

)

(229,900

)

PROVISIONS FOR LIABILITIES (1,921 ) -
NET LIABILITIES (486 ) (8,148 )

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 6 8,192 -
Retained earnings (8,978 ) (8,448 )
(486 ) (8,148 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)

ABRIDGED BALANCE SHEET - continued
30th November 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 30th November 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 director and authorised for issue on 27th August 2025 and were signed by:





Dr S Hameed - Director


SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30th November 2024

1. STATUTORY INFORMATION

SMS Properties (London) 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.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - Not provided
Plant and machinery etc - 25% on reducing balance

Land and buildings were valued on an open market basis on 30th November 2024 by the director.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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 1 (2023 - 1 ) .

SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st December 2023 364,387
Revaluations 10,113
At 30th November 2024 374,500
DEPRECIATION
At 1st December 2023 1,446
Charge for year 264
At 30th November 2024 1,710
NET BOOK VALUE
At 30th November 2024 372,790
At 30th November 2023 362,941

Included in cost or valuation of land and buildings is freehold land of £ 372,000 (2023 - £ 361,887 ) which is not depreciated.

Cost or valuation at 30th November 2024 is represented by:

Totals
£   
Valuation in 2024 10,113
Cost 364,387
374,500

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 361,887 361,887

freehold land and buildings were valued on an open market basis on 30th November 2024 by the director .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 229,379 229,900

SMS PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 11678458)

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

6. RESERVES
Revaluation
reserve
£   
Unrealised profit 10,113
Transfer between reserves (1,921 )

At 30th November 2024 8,192

7. OTHER FINANCIAL COMMITMENTS

The bank mortgage is secured by a fixed charge on the freehold property dated 12 March 2021.

8. RELATED PARTY DISCLOSURES

Included in creditors is a loan from the director in the sum of £175,401 (2023; £160,814) which is interest free and repayable on demand.