REGISTERED NUMBER: 12344615 (England and Wales)

SILVER SMITH PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M C F Smith

Dr H B Smith

REGISTERED OFFICE:

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

REGISTERED NUMBER:

12344615 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

544

640

Investment property

5

1,099,022

746,704

1,099,566

747,344

CURRENT ASSETS

Debtors

6

1,122

864

Cash at bank

52,245

32,052

53,367

32,916

CREDITORS

Amounts falling due within one year

7

(607,918

)

(405,127

)

NET CURRENT LIABILITIES

(554,551

)

(372,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

545,015

375,133

CREDITORS

Amounts falling due after more than one year

8

(585,037

)

(417,586

)

NET LIABILITIES

(40,022

)

(42,453

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(40,122

)

(42,553

)

SHAREHOLDERS' FUNDS

(40,022

)

(42,453

)

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 24 December 2025 and were signed on its behalf by:

Dr M C F Smith - Director

1.	STATUTORY INFORMATION

Silver Smith Properties 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 directors' have indicated their willingness to support the company, hence they continue to adopt the going concern basis for the preparation of the financial statements.

Turnover

Turnover is derived from rental income, which is recognised on an accruals basis.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

874

DEPRECIATION

At 1 April 2024

234

Charge for year

96

At 31 March 2025

330

NET BOOK VALUE

At 31 March 2025

544

At 31 March 2024

640

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

746,704

Additions

352,318

At 31 March 2025

1,099,022

NET BOOK VALUE

At 31 March 2025

1,099,022

At 31 March 2024

746,704

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,122

864

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

607,918

405,127

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

585,037

417,586

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

585,037

417,586

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

585,037

417,586

The bank loans are secured against the relevant property to which they relate.

10.	RELATED PARTY DISCLOSURES

Creditors includes a £595,365 (2024 - £395,365) loan from Online Medical Exams Limited, a company owned by the directors of Silver Smith Properties Limited. The loans are interest free and will be repaid when funds permit.

Loans owing to the directors on an interest free basis of £7,516 (2024 - £6,055) were outstanding at the year end, the amounts are repayable on demand.