REGISTERED NUMBER: 09032942 (England and Wales)

SMYTH & WHITE PROPERTY PARTNERSHIP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Smyth

L Smyth

REGISTERED OFFICE:

Jock Sergisons Business Centre Hyde Park

Nelson Street,

Doncaster

South Yorkshire

DN4 5AB

REGISTERED NUMBER:

09032942 (England and Wales)

FIXED ASSETS

Investments

4

13,080

13,080

Investment property

5

1,103,218

1,213,218

1,116,298

1,226,298

CURRENT ASSETS

Debtors

6

75,950

56,400

Cash at bank

4,246

2,064

80,196

58,464

CREDITORS

Amounts falling due within one year

7

478,631

461,782

NET CURRENT LIABILITIES

(398,435

)

(403,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

717,863

822,980

CREDITORS

Amounts falling due after more than one year

8

(495,200

)

(607,180

)

PROVISIONS FOR LIABILITIES

(23,902

)

(30,257

)

NET ASSETS

198,761

185,543

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserves

103,082

123,077

Retained earnings

95,579

62,366

SHAREHOLDERS' FUNDS

198,761

185,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

J L Smyth - Director

1.	STATUTORY INFORMATION

Smyth & White Property Partnership Ltd 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.

Turnover

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

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.

Going concern

At the balance sheet date the company had net current liabilities of £398,435 (2024 - £403,318). The company is dependent upon the continued financial support of its directors and other creditors. Given the continuance of this support the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

13,080

NET BOOK VALUE

At 31 March 2025

13,080

At 31 March 2024

13,080

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,213,218

Disposals

(110,000

)

At 31 March 2025

1,103,218

NET BOOK VALUE

At 31 March 2025

1,103,218

At 31 March 2024

1,213,218

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

26,350

Valuation in 2018

124,308

Cost

952,560

1,103,218

Investment properties were revalued on an open market basis by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,000

Other debtors

75,950

52,400

75,950

56,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,001

15,266

Trade creditors

-

69

Taxation and social security

10,581

1,179

Other creditors

453,049

445,268

478,631

461,782

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

495,200

607,180

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

420,197

530,850

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

510,201

622,446

Other loans

-

205,000

510,201

827,446

Bank and other loans are secured on the company's investment properties.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by it's directors whom own all of the issued share capital. It is therefore considered that there is no ultimate controlling party.