SD Smile Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11307431

SD Smile Properties Limited

Unaudited financial statements

31 March 2025

SD Smile Properties Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,636,000		1,546,000

Current assets

Debtors	6	46,905	64,275
Cash at bank and in hand		20,787	18,219
		-------	-------
		67,692	82,494

Creditors: Amounts falling due within one year	7	( 894,772)		( 624,761)
		---------		---------
Net current liabilities			( 827,080)		( 542,267)
			-----------		-----------
Total assets less current liabilities			808,920		1,003,733

Creditors: Amounts falling due after more than one year	8	( 643,142)	( 930,495)
		---------	-----------
Net assets		165,778	73,238
		---------	-----------

Capital and reserves

Called up share capital	1	1
Investment property valuation reserve	174,596	84,596
Profit and loss account	( 8,819)	( 11,359)
	---------	-------
Shareholders funds	165,778	73,238
	---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SD Smile Properties Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Dr S Balachandran	Dr D Chellappah
Director	Director

Company registration number: 11307431

SD Smile Properties Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are as follows: Investment properties Valuation of investment properties is undertaken by the directors based on the open market value of like properties in the same area.

Revenue recognition

The turnover shown in the income statement represents rents received from the letting of the company's freehold properties.

4. Employee numbers

The average number of employees during the year was Nil (2024: Nil).

5. Tangible assets

	Investment properties
	£
Cost or valuation
At 1 April 2024	1,546,000
Revaluations	90,000
	-----------
At 31 March 2025	1,636,000
	-----------
Depreciation
At 1 April 2024 and 31 March 2025	–
	-----------
Carrying amount
At 31 March 2025	1,636,000
	-----------
At 31 March 2024	1,546,000
	-----------

Tangible assets held at valuation

The directors revalued the freehold investment properties at 31 March 2025 by considering each individual property and estimating their market values based on the asking prices of similar properties for sale at the year end in the immediate vicinity of the freehold investment properties. If freehold investment properties had not been revalued they would have been included in the following amounts: 2025 2024 £ £

Cost	1,461,404	1,461,404
	-----------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	3,050	4,391
Directors loan account	33,332	49,361
Other debtors	10,523	10,523
	-------	-------
	46,905	64,275
	-------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	–	9,500
Trade creditors	4,845	1,580
Amounts owed to group undertakings	886,893	601,911
Accruals and deferred income	3,034	1,770
Corporation tax	–	10,000
	---------	---------
	894,772	624,761
	---------	---------

The loans are secured on the properties concerned.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	643,142	930,495
	---------	---------

The loans are secured on the properties concerned.

9. Analysis of other comprehensive income

	Investment property valuation reserve	Profit and loss account	Total
	£	£	£
Year ended 31 March 2025
Reclassification from revaluation reserve to profit and loss account	90,000	( 90,000)	–
	-------	-------	----

Year ended 31 March 2024
Reclassification from revaluation reserve to profit and loss account	84,596	( 84,596)	–
	-------	-------	----

10. Directors' advances, credits and guarantees

During the year, the directors operated a loan with the company at HM Revenue & Customs approved interest rates. At the period end the amount owed to the company was £32,132 (2024: £48,161).