Registration number: 11692890

SMLP Holdings Limited

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 3

SMLP Holdings Limited

(Registration number: 11692890)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property		360,000	350,000
Other financial assets	5	1,229,869	1,256,977
		1,589,869	1,606,977
Current assets
Debtors		15,000	15,000
Cash at bank and in hand		13,234	38,260
		28,234	53,260
Creditors: Amounts falling due within one year		(390,366)	(413,494)
Net current liabilities		(362,132)	(360,234)
Total assets less current liabilities		1,227,737	1,246,743
Provisions for liabilities		(32,772)	(46,821)
Net assets		1,194,965	1,199,922
Capital and reserves
Called up share capital		100	100
Other reserves		57,995	49,447
Profit and loss account		1,136,870	1,150,375
Total equity		1,194,965	1,199,922

For the financial year ending 31 March 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 of its accounts for the year in question in accordance with section 476; and
	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 6 October 2025
 

Mr SM Pegg

Director

SMLP Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 6 October 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 carried at fair value, derived from the current market prices for comparable real estate determined annually by the Director. The Director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

SMLP Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

Investment properties

	2025 £
At 1 April 2023	350,000
Fair value adjustments	10,000
At 31 March 2024	360,000

There has been no valuation of investment property by an independent valuer.

5	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	1,256,977
Fair value adjustments	(35,081)
Additions	312,004
Disposals	(304,031)
At 31 March 2025	1,229,869
Carrying amount
At 31 March 2025	1,229,869

6	Related party transactions

Loans to related parties

Included within other debtors is the balance of £15,000 (2024- £15,000), being the amount owed to GAH Developments Ltd, a company controlled by a related party of the Directors.