REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SMITH EASTWOOD PROPERTY CO LIMITED(THE)

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Certified Accountant's Report

8

DIRECTOR:

H L Smith

SECRETARY:

Y I Heleine

REGISTERED OFFICE:

301 Western Bank

Sheffield

S10 2TJ

REGISTERED NUMBER:

00856350 (England and Wales)

ACCOUNTANT:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

The director presents his report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property rental.

DIRECTOR

H L Smith held office during the whole of the period from 1 June 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

H L Smith - Director

18 September 2025

FIXED ASSETS

Tangible assets

4

10,754

8,790

Investment property

5

1,720,000

1,720,000

1,730,754

1,728,790

CURRENT ASSETS

Debtors

6

44,376

25,229

Cash at bank

48,499

71,691

92,875

96,920

CREDITORS

Amounts falling due within one year

7

15,131

12,326

NET CURRENT ASSETS

77,744

84,594

TOTAL ASSETS LESS CURRENT LIABILITIES

1,808,498

1,813,384

CREDITORS

Amounts falling due after more than one year

8

(602,015

)

(607,434

)

PROVISIONS FOR LIABILITIES

(239,762

)

(244,469

)

NET ASSETS

966,721

961,481

CAPITAL AND RESERVES

Called up share capital

150

150

Capital redemption reserve

150

150

Fair value reserve

9

966,337

961,630

Retained earnings

84

(449

)

SHAREHOLDERS' FUNDS

966,721

961,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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

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 18 September 2025 and were signed by:

H L Smith - Director

1.	STATUTORY INFORMATION

Smith Eastwood Property Co Limited(The) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents property rentals received.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation

Provision is made at current rates for taxation deferred in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

12,404

559

12,963

Additions

3,970

-

3,970

At 31 May 2025

16,374

559

16,933

DEPRECIATION

At 1 June 2024

3,722

451

4,173

Charge for year

1,898

108

2,006

At 31 May 2025

5,620

559

6,179

NET BOOK VALUE

At 31 May 2025

10,754

-

10,754

At 31 May 2024

8,682

108

8,790

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,720,000

NET BOOK VALUE

At 31 May 2025

1,720,000

At 31 May 2024

1,720,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2020

786,932

Valuation in 2021

169,167

Valuation in 2024

250,000

Cost

513,901

1,720,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

44,376

25,229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

2,715

-

Taxation and social security

8,638

8,657

Other creditors

3,778

3,669

15,131

12,326

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

602,015

607,434

9.

RESERVES

Fair

value

reserve

£

At 1 June 2024

961,630

Revaluation in year

4,707

At 31 May 2025

966,337

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

H L Smith

Balance outstanding at start of year

19,004

18,165

Amounts advanced

21,897

22,470

Amounts repaid

(7,793

)

(21,631

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,108

19,004

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Smith Eastwood Property Co Limited(The) for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Smith Eastwood Property Co Limited(The) in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Smith Eastwood Property Co Limited(The) and state those matters that I have agreed to state to the director of Smith Eastwood Property Co Limited(The) in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Smith Eastwood Property Co Limited(The) 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 profit of Smith Eastwood Property Co Limited(The). You consider that Smith Eastwood Property Co Limited(The) is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Smith Eastwood Property Co Limited(The). For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

Date: .............................................