Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Mr C T Symonds 10/07/2025 Miss G S B Symonds 10/07/2025 Mr J P Symonds 22/03/1999 04 February 2026 no description of principal activity 02803763 2025-09-30 02803763 bus:Director1 2025-09-30 02803763 bus:Director2 2025-09-30 02803763 bus:Director3 2025-09-30 02803763 2024-09-30 02803763 core:CurrentFinancialInstruments 2025-09-30 02803763 core:CurrentFinancialInstruments 2024-09-30 02803763 core:ShareCapital 2025-09-30 02803763 core:ShareCapital 2024-09-30 02803763 core:SharePremium 2025-09-30 02803763 core:SharePremium 2024-09-30 02803763 core:CapitalRedemptionReserve 2025-09-30 02803763 core:CapitalRedemptionReserve 2024-09-30 02803763 core:RetainedEarningsAccumulatedLosses 2025-09-30 02803763 core:RetainedEarningsAccumulatedLosses 2024-09-30 02803763 core:CostValuation 2024-09-30 02803763 core:CostValuation 2025-09-30 02803763 core:RevaluationsIncreaseDecreaseInInvestments 2025-09-30 02803763 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2025-09-30 02803763 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-09-30 02803763 2023-09-30 02803763 2024-10-01 2025-09-30 02803763 bus:FilletedAccounts 2024-10-01 2025-09-30 02803763 bus:SmallEntities 2024-10-01 2025-09-30 02803763 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 02803763 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 02803763 bus:Director1 2024-10-01 2025-09-30 02803763 bus:Director2 2024-10-01 2025-09-30 02803763 bus:Director3 2024-10-01 2025-09-30 02803763 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 02803763 (England and Wales)

# SMILE COFFEE LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

SMILE COFFEE LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

SMILE COFFEE LIMITED

## BALANCE SHEET

As at 30 September 2025
SMILE COFFEE LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,375,000 |  | 1,375,000
Investments | 4 | 5,727,912 |  | 5,292,650
|  | 7,102,912 |  | 6,667,650
Current assets |  |  |  |
Debtors | 5 | 992,784 |  | 1,368,038
Cash at bank and in hand |  | 158,594 |  | 121,785
|  | 1,151,378 |  | 1,489,823
Creditors: amounts falling due within one year | 6 | ( 7,203,280) |  | ( 7,510,073)
Net current liabilities |  | (6,051,902) |  | (6,020,250)
Total assets less current liabilities |  | 1,051,010 |  | 647,400
Provision for liabilities | 7, 8 | ( 14,642) |  | 0
Net assets |  | 1,036,368 |  | 647,400
Capital and reserves |  |  |  |
Called-up share capital |  | 90 |  | 90
Share premium account |  | 4,700 |  | 4,700
Capital redemption reserve |  | ( 4,664 ) |  | ( 4,664 )
Profit and loss account |  | 1,036,242 |  | 647,274
Total shareholders' funds |  | 1,036,368 |  | 647,400

For the financial year ending 30 September 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Smile Coffee Limited (registered number: 02803763) were approved and authorised for issue by the Board of Directors on 04 February 2026. They were signed on its behalf by:

Mr J P Symonds Director |

SMILE COFFEE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
SMILE COFFEE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Smile Coffee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3rd Floor Maltravers House Petters Way, Yeovil, BA20 1SP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have pledged their continued support to the company and confirmed that they will continue to provide sufficient liquidity to ensure that the company will be able to meet its obligations as they fall due. The directors remain of the opinion that there is no reason to believe that the company will have to cease trading as a result of inadequate financial resources, or any other foreseeable event, within a period of at least 12 months from the date of the approval of these accounts.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the rent receivable on the investment property provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### 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.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### 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.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 1,375,000
As at 30 September 2025 | 1,375,000

Valuation

The fair value of the investment properties has been arrived at on the basis of a valuation carried out internally by the company. The valuation was made on an open market value by reference to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 1,433,317 |  | 1,433,317

#### 4. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Subsidiary undertakings | 51 |  | 51
Other investments and loans | 5,727,861 |  | 5,292,599
| 5,727,912 |  | 5,292,650

Investments in subsidiaries

| 2025
| £
Cost |
At 01 October 2024 | 51
At 30 September 2025 | 51
Carrying value at 30 September 2025 | 51
Carrying value at 30 September 2024 | 51

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 October 2024 | 5,292,599 |  | 5,292,599
Movement in fair value | 435,262 |  | 435,262
At 30 September 2025 | 5,727,861 |  | 5,727,861
Carrying value at 30 September 2025 | 5,727,861 |  | 5,727,861
Carrying value at 30 September 2024 | 5,292,599 |  | 5,292,599

Fixed asset investments are made up of an investment portfolio owned by Smile Coffee Limited.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by own subsidiaries | 983,450 |  | 1,358,450
Other debtors | 9,334 |  | 9,588
| 992,784 |  | 1,368,038

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 35 |  | 140
Taxation and social security | 100,273 |  | 44,192
Other creditors | 7,102,972 |  | 7,465,741
| 7,203,280 |  | 7,510,073

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 14,642 |  | 0

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | 0 |  | 0
Charged to the Income Statement | ( 14,642) |  | 0
At the end of financial year | ( 14,642) |  | 0

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Directors Loan Account | (6,549,111) |  | (6,924,111)

Interest free loans have been granted by the directors.