BrightAccountsProduction v1.0.0 v1.0.0 2024-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of providing benefits for its members, the residents of two residential homes for the elderly. 20 January 2026 0 0 02871402 2025-04-30 02871402 2024-04-30 02871402 2023-04-30 02871402 2024-05-01 2025-04-30 02871402 2023-05-01 2024-04-30 02871402 uk-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 02871402 uk-curr:PoundSterling 2024-05-01 2025-04-30 02871402 uk-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 02871402 uk-bus:FullAccounts 2024-05-01 2025-04-30 02871402 uk-core:RetainedEarningsAccumulatedLosses 2025-04-30 02871402 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 02871402 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-04-30 02871402 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 02871402 uk-bus:FRS102 2024-05-01 2025-04-30 02871402 uk-core:CurrentFinancialInstruments 2025-04-30 02871402 uk-core:CurrentFinancialInstruments 2024-04-30 02871402 uk-core:WithinOneYear 2025-04-30 02871402 uk-core:WithinOneYear 2024-04-30 02871402 2024-05-01 2025-04-30 02871402 uk-bus:Director3 2024-05-01 2025-04-30 02871402 uk-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: 02871402

SMI Housing Association Limited

(A company limited by guarantee, not having a share capital)

Unaudited Financial Statements

for the financial year ended 30 April 2025

SMI Housing Association Limited

(A company limited by guarantee, not having a share capital)

Company Registration Number: 02871402

BALANCE SHEET

as at 30 April 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Current Assets

Debtors |  | 4 | - |  | 168
Cash at bank and in hand |  |  | 157 |  | 149
|  |  | ───────── |  | ─────────
|  |  | 157 |  | 317
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 5 | - |  | (45)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 157 |  | 272
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 157 |  | 272
|  |  | ═════════ |  | ═════════
Reserves

Income and expenditure account |  |  | 157 |  | 272
|  |  | ───────── |  | ─────────
Members' Funds |  |  | 157 |  | 272
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income and Expenditure Account and Directors' Report.

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 20 January 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr. J M Tufts |  |  |  |  |
Director |  |  |  |  |

SMI Housing Association Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2025

1. | General Information
| SMI Housing Association Limited is a company limited by guarantee incorporated in the United Kingdom. 36-38 King Street, King‘s Lynn, Norfolk, PE30 1ES, England is the registered office. The principal place of business is High Street, March, Cambridgeshire PE15 9LH. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 30 April 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Income
| Turnover comprises monies received from Park Lodge Retirement Homes Limited and Snowmountain Enterprises Limited.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable income for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 4, (2024 - 4).

4. | Debtors | 2025 | 2024
|  | £ | £
| Other debtors | - | 53
| Prepayments and accrued income | - | 115
|  | ───────── | ─────────
|  | - | 168
|  | ═════════ | ═════════

5. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Other creditors | - | 45
|  | ═════════ | ═════════