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REGISTERED NUMBER: 10006952 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SMGI Limited

SMGI Limited (Registered number: 10006952)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SMGI Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S J Chamley

| Miss G Chamley

| REGISTERED OFFICE: | 2 Carbis Close

| Port Solent

| Portsmouth

| PO6 4TW

| REGISTERED NUMBER: | 10006952 (England and Wales)

| ACCOUNTANTS: | Andrew Spencer Associates Limited

| Chartered Certified Accountants

| 328 Chatsworth Avenue

| Cosham

| Portsmouth

| Hampshire

| PO6 2UP

SMGI Limited (Registered number: 10006952)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,159,823 |  | 1,159,823 |  |

CURRENT ASSETS

Cash at bank | 245,407 |  | 236,101 |  |

CREDITORS

Amounts falling due within one year | 5 | (1,041,079 | ) | (1,071,454 | ) |

NET CURRENT LIABILITIES | (795,672 | ) | (835,353 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 364,151 |  | 324,470 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 1 |  | 1 |  |

Retained earnings | 364,150 |  | 324,469 |  |

SHAREHOLDERS' FUNDS | 364,151 |  | 324,470 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Miss G Chamley - Director

SMGI Limited (Registered number: 10006952)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| SMGI 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements relate to SMGI Limited as an individual entity.

| Significant judgements and estimates

| The preparation of the financial statements requires the use by management of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. | EMPLOYEES AND DIRECTORS

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

SMGI Limited (Registered number: 10006952)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 1,159,823 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,159,823 |  |

| At 31 March 2024 | 1,159,823 |  |

| The Investment Properties were valued on an open market basis on 23 September 2014 by Daniells Harrison and were brought into the company on the day of incorporation on 16 February 2015 at that valuation. Subsequent additions to Investment Properties have been recorded at cost price.

| In the opinion of the Director, the market value of the properties at the year end is not materially different from the initial valuation or subsequent purchase price paid.

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 240 |  | 587 |  |

| Tax | 9,308 |  | 8,723 |  |

| Directors' current accounts | 1,029,455 |  | 1,060,943 |  |

| Accruals | 2,076 |  | 1,201 |  |

1,041,079 |  | 1,071,454 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £0.01 | 1 |  | 1 |  |

7. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mrs S J Chamley.