REGISTERED NUMBER: 02553945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

P & L T SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Smith

Mrs L T Smith

Ms L T Smith

G P Smith

SECRETARY:

Mrs L T Smith

REGISTERED OFFICE:

6 Hillfort Close

Shurdington Road

Cheltenham

Gloucestershire

GL53 0JS

REGISTERED NUMBER:

02553945 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

77,787

41,683

Investments

5

1,510,161

949,241

Investment property

6

1,550,000

1,550,000

3,137,948

2,540,924

CURRENT ASSETS

Debtors

7

36,797

310,714

Cash at bank

198,215

498,565

235,012

809,279

CREDITORS

Amounts falling due within one year

8

73,445

35,973

NET CURRENT ASSETS

161,567

773,306

TOTAL ASSETS LESS CURRENT LIABILITIES

3,299,515

3,314,230

PROVISIONS FOR LIABILITIES

86,790

35,500

NET ASSETS

3,212,725

3,278,730

CAPITAL AND RESERVES

Called up share capital

9

120

120

Revaluation reserve

10

140,552

140,552

Retained earnings

3,072,053

3,138,058

SHAREHOLDERS' FUNDS

3,212,725

3,278,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

P Smith - Director

1.	STATUTORY INFORMATION

P & L T Smith Limited 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.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

15% on cost

Fixtures and fittings

-

15% - 33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Fixed asset investments

Investments are included at fair value. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on gains at the rate expected to apply when the investment is sold.

Fair value changes in respect of readily marketable securities are treated as distributable reserves.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

3,532

16,693

43,604

63,829

Additions

-

258

54,246

54,504

At 30 June 2025

3,532

16,951

97,850

118,333

DEPRECIATION

At 1 July 2024

3,532

13,164

5,450

22,146

Charge for year

-

1,848

16,552

18,400

At 30 June 2025

3,532

15,012

22,002

40,546

NET BOOK VALUE

At 30 June 2025

-

1,939

75,848

77,787

At 30 June 2024

-

3,529

38,154

41,683

5.	FIXED ASSET INVESTMENTS

Interest

in

Other

associate

investments

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

-

949,241

949,241

Additions

298,990

680,185

979,175

Disposals

-

(494,293

)

(494,293

)

Changes to fair value

-

76,038

76,038

At 30 June 2025

298,990

1,211,171

1,510,161

NET BOOK VALUE

At 30 June 2025

298,990

1,211,171

1,510,161

At 30 June 2024

-

949,241

949,241

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

1,550,000

NET BOOK VALUE

At 30 June 2025

1,550,000

At 30 June 2024

1,550,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,202

4,632

Other debtors

30,595

306,082

36,797

310,714

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,981

49

Taxation and social security

8,212

2,773

Other creditors

40,252

33,151

73,445

35,973

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

20

Ordinary B

£1

20

20

120

120

10.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

140,552

Retained earnings include non-distributable reserves of £559,750 (2024 - £459,750).

11.	RELATED PARTY DISCLOSURES

Other creditors includes an amount due to the directors of £7,727 (2024 - £277,900 debtor).