REGISTERED NUMBER: OC346082 (England and Wales)

SMD ASIA LLP

Financial Statements

for the Period 1 August 2024 to 31 March 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

-

195,000

CURRENT ASSETS

Debtors

2,181

102,539

Cash at bank

-

4,081

2,181

106,620

CREDITORS

Amounts falling due within one year

5

-

301,620

NET CURRENT ASSETS/(LIABILITIES)

2,181

(195,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,181

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

2,181

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

2,181

-

Amounts due from members

(2,181

)

(102,539

)

-

(102,539

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 November 2025 and were signed by:

Firth Steels Limited - Designated member

1.	STATUTORY INFORMATION

SMD ASIA LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC346082

Registered office:

c/o Firth Steels Ltd

Calder Bank

River Street

Brighouse

West Yorkshire

HD6 1LU

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

The LLP sold its only investment on 29 October 2024 and the members have made the decision for the LLP not to continue beyond the balance sheet date.

As required by UK accounting standards, the members have prepared the financial statements on the basis that the LLP is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.

Investments

Investments are stated at cost less provision for permanent diminution in value. Cost is purchase price including acquisition expenses.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest in

associated

undertakings

£

COST

At 1 August 2024

195,000

Disposals

(195,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 July 2024

195,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to related parties

-

300,000

Accruals and deferred income

-

1,620

-

301,620

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank behind creditors, in accordance with the LLP agreement.