Company No: 04675506 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Stephen Mark Herman

SECRETARY

Stephen Mark Herman

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

04675506 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	450,000		450,000
		450,000		450,000
Current assets
Debtors	4	60		60
Cash at bank and in hand		6,387		4,515
		6,447		4,575
Creditors: amounts falling due within one year	5	( 40,823)		( 40,979)
Net current liabilities		(34,376)		(36,404)
Total assets less current liabilities		415,624		413,596
Creditors: amounts falling due after more than one year	6	( 132,995)		( 132,995)
Provision for liabilities		( 52,319)		( 52,319)
Net assets		230,310		228,282
Capital and reserves
Called-up share capital		2		2
Fair value reserve		239,207		239,207
Profit and loss account		( 8,899 )		( 10,927 )
Total shareholders' funds		230,310		228,282

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Square Mile Business Services Limited (registered number: 04675506) were approved and authorised for issue by the Director on 17 April 2025. They were signed on its behalf by:

Stephen Mark Herman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Square Mile Business Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total rent receivable for the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 March 2024	450,000
As at 28 February 2025	450,000

Fair value at 28 February 2024 of £450,000 is represented by:

Original cost £158,473; increase in valuation in 2015 £191,527; increase in valuation in 2016 £25,000; increase in valuation in 2017 £25,000; increase in 2024 £50,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	158,473		158,473

The investment property was valued on a fair value basis on 28th February 2024 by the director.

4. Debtors

	2025		2024
	£		£
Other debtors	60		60

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	35		851
Other creditors	40,788		40,128
	40,823		40,979

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	132,995		132,995

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Other creditors (secured)	132,995		132,995

The loan is secured by a fixed first legal charge over the Company's investment property.