C & K Smith Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for filing with registrar
Company Registration No. 10404637 (England and Wales)
C & K SMITH LIMITED
C & K Smith Limited
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
C & K SMITH LIMITED
C & K Smith Limited
Accountants Report to the Board of Directors on the Unaudited Financial Statements of C & K Smith Limited
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C & K Smith Limited for the year ended 31 March 2025 set out on the following pages from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of C & K Smith Limited, as a body, in accordance with the terms of our engagement letter dated 5 October 2016. Our work has been undertaken solely to prepare for your approval the financial statements of C & K Smith Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & K Smith Limited and Board of Directors as a body, for our work or for this report.

It is your duty to ensure that C & K Smith Limited 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 C & K Smith Limited. You consider that C & K Smith Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C & K Smith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Churchgate Accountants Limited
8 October 2025
Accountants
18 Langton Place
Bury St Edmunds
Suffolk
IP33 1NE
C & K SMITH LIMITED
C & K Smith Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
173,762
42,790
Investment property
4
9,684,512
10,321,481
9,858,274
10,364,271
Current assets
Stocks
89,600
478,091
Debtors
5
40,325
715,823
Cash at bank and in hand
3,028,514
98,035
3,158,439
1,291,949
Creditors: amounts falling due within one year
6
(1,308,272)
(1,838,133)
Net current assets/(liabilities)
1,850,167
(546,184)
Total assets less current liabilities
11,708,441
9,818,087
Creditors: amounts falling due after more than one year
7
(3,381,512)
(3,693,478)
Provisions for liabilities
(300,333)
(268,552)
Net assets
8,026,596
5,856,057
Capital and reserves
Called up share capital
8
100
100
Non-distributable profits reserve
9
181,559
181,559
Distributable profit and loss reserves
7,844,937
5,674,398
Total equity
8,026,596
5,856,057
C & K SMITH LIMITED
C & K Smith Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 October 2025 and are signed on its behalf by:
Mrs K L Smith
Mr C A Smith
Director
Director
Company registration number 10404637 (England and Wales)
C & K SMITH LIMITED
C & K Smith Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

C & K Smith Limited is a private company limited by shares incorporated in England and Wales. The registered office is Churchgate Accountants Limited, 18 Langton Place, Bury St Edmunds, Suffolk, IP33 1NE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the accounts represents rental income relating to the year from investment properties held by the company. Revenue is recognised for the period(s) to which investment properties held by the company are occupied by tenants, on a daily basis.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% straight line
Plant and equipment
20% reducing balance
Motor vehicles
25% reducing balance
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

C & K SMITH LIMITED
C & K Smith Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

C & K SMITH LIMITED
C & K Smith Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
15,157
84,602
-
0
99,759
Additions
-
0
42,462
160,446
202,908
At 31 March 2025
15,157
127,064
160,446
302,667
Depreciation and impairment
At 1 April 2024
1,516
55,453
-
0
56,969
Depreciation charged in the year
758
31,066
40,112
71,936
At 31 March 2025
2,274
86,519
40,112
128,905
Carrying amount
At 31 March 2025
12,883
40,545
120,334
173,762
At 31 March 2024
13,641
29,149
-
0
42,790
C & K SMITH LIMITED
C & K Smith Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Investment property
2025
£
Fair value
At 1 April 2024
10,321,481
Additions
52,775
Disposals
(689,744)
At 31 March 2025
9,684,512

The investment properties are deemed to be valued at market value by the directors' of the company.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,233
822
Other debtors
35,092
715,001
40,325
715,823
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
152,777
160,122
Trade creditors
23,969
112,408
Taxation and social security
691,973
71,092
Other creditors
439,553
1,494,511
1,308,272
1,838,133
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,381,512
3,693,478

The long-term loans are secured by fixed and floating charges over the assets of the company.

C & K SMITH LIMITED
C & K Smith Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
76 Ordinary shares of £1 each
76
76
24 Ordinary B of £1 each
24
24
100
100
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning and end of the year
181,559
181,559
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