REGISTERED NUMBER: 11833421 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

SML Lettings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G Maclennan

REGISTERED OFFICE:

3 Nursery Gardens

Hardington Moor

Somerset

BA229FL

REGISTERED NUMBER:

11833421 (England and Wales)

ACCOUNTANTS:

Welch and Ellis

The Fort

Artillery Business Park

Oswestry

Shropshire

SY11 4AD

FIXED ASSETS

Tangible assets

4

411,581

411,775

CURRENT ASSETS

Cash at bank and in hand

4,177

100

CREDITORS

Amounts falling due within one year

5

38,433

25,084

NET CURRENT LIABILITIES

(34,256

)

(24,984

)

TOTAL ASSETS LESS CURRENT LIABILITIES

377,325

386,791

CREDITORS

Amounts falling due after more than one year

6

272,306

278,682

NET ASSETS

105,019

108,109

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

94,060

94,060

Retained earnings

10,859

13,949

105,019

108,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 November 2025 and were signed by:

S G Maclennan - Director

1.	STATUTORY INFORMATION

SML Lettings 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.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 March 2024

and 28 February 2025

411,000

1,378

412,378

DEPRECIATION

At 1 March 2024

-

603

603

Charge for year

-

194

194

At 28 February 2025

-

797

797

NET BOOK VALUE

At 28 February 2025

411,000

581

411,581

At 29 February 2024

411,000

775

411,775

Cost or valuation at 28 February 2025 is represented by:

Land and

buildings

£

Valuation in 2024

411,000

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

411,000

411,000

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

COMPUTER EQUIPMENT

'COST' ACCOUNT TOTAL

Cost/valuation b/f

1,378

1,378

CLIENT SCREEN TOTAL

=

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

1

-

Taxation and social security

14

2,541

Other creditors

38,418

22,543

38,433

25,084

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Other creditors

272,306

278,682

7.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

94,060