SMITHSON DEVELOPMENTS LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11781953

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		231,364		231,649

			231,364		231,649
CURRENT ASSETS
Stocks	5	120,000		240,000
Debtors	6	16,859		8,951
Cash at bank and in hand		6,073		46,701

		142,932		295,652
Creditors: Amounts Falling Due Within One Year	7	(144,435 )		(547,204 )

NET CURRENT ASSETS (LIABILITIES)			(1,503 )		(251,552 )

TOTAL ASSETS LESS CURRENT LIABILITIES			229,861		(19,903 )

Creditors: Amounts Falling Due After More Than One Year	8		(374,401 )		(400,824 )

NET LIABILITIES			(144,540 )		(420,727 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(144,542 )		(420,729 )

SHAREHOLDERS' FUNDS			(144,540)		(420,727)

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SMITHSON DEVELOPMENTS LTD

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr PAUL SMITHSON

Director

05/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SMITHSON DEVELOPMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11781953 . The registered office is 6 Brockstone Road, St Austell, Cornwall, PL25 3DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Zero
Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	229,175	4,504	8,098	169	241,946
Additions	-	263	-	-	263

As at 31 January 2025	229,175	4,767	8,098	169	242,209

...CONTINUED

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SMITHSON DEVELOPMENTS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	-	2,116	8,098	83	10,297
Provided during the period	-	531	-	17	548

As at 31 January 2025	-	2,647	8,098	100	10,845

Net Book Value
As at 31 January 2025	229,175	2,120	-	69	231,364

As at 1 February 2024	229,175	2,388	-	86	231,649

5. Stocks

	2025	2024
	£	£
Stock	120,000	240,000

6. Debtors

	2025	2024
	£	£
Due within one year
Vat Debtor	4,459	5,551
Loan to Build Cornwall LTD	12,400	3,400

	16,859	8,951

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Folk 2 Folk Loan	60,731	415,000
Credit cards	13,729	16,727
Accruals and deferred income	895	825
Directors' loan accounts	69,080	114,652

	144,435	547,204

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	26,385	33,132
Mr & Mrs Carey Loan	100,000	119,676
Remortgage of 69 Roslyn Close	248,016	248,016

	374,401	400,824

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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