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REGISTERED NUMBER: 12744406 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

SMJB PROPERTIES LIMITED

| SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SMJB PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | J Y Boran

| S J Millward

| REGISTERED OFFICE: | Pipe Dream Fittings Limited

| Pedmore Road

| Dudley

| DY2 0RD

| REGISTERED NUMBER: | 12744406 (England and Wales)

| SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406) |

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 3,332,124 |  | 2,950,084 |  |

CURRENT ASSETS

Debtors | 5 | 44,445 |  | 5,981 |  |

Cash at bank | 28,796 |  | 2,571 |  |

73,241 |  | 8,552 |  |

CREDITORS

Amounts falling due within one year | 6 | 525,179 |  | 241,514 |  |

NET CURRENT LIABILITIES | (451,938 | ) | (232,962 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,880,186 |  | 2,717,122 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 2,473,061 |  | 2,500,082 |  |

NET ASSETS | 407,125 |  | 217,040 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 407,123 |  | 217,038 |  |

407,125 |  | 217,040 |  |

| SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406) |

BALANCE SHEET - continued

31 MAY 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 10 February 2026 and were signed on its behalf by:

S J Millward - Director

| SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| SMJB 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.

| On 9th July 2024 the registered office address changed from Brittania Works, Talbots Lane Trading Estate, Talbots Lane, Brierley Hill, DY5 2YX, to Pipe Dream Fittings Limited, Pedmore Road, Dudley, DY2 0RD.

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.

| Turnover

| Rental income from investment properties is recognised on a straight line basis, included in the financial statements in the period to which the rental income relates.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 June 2024 | 2,950,084 |  |

| Additions | 382,040 |  |

| At 31 May 2025 | 3,332,124 |  |

| Net book value

| At 31 May 2025 | 3,332,124 |  |

| At 31 May 2024 | 2,950,084 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,602 |  | 4,548 |  |

| Other debtors | 40,843 |  | 1,433 |  |

44,445 |  | 5,981 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 240,164 |  | 182,558 |  |

| Taxation and social security | 9,488 |  | 38,871 |  |

| Other creditors | 275,527 |  | 20,085 |  |

525,179 |  | 241,514 |  |

| SMJB PROPERTIES LIMITED (REGISTERED NUMBER: 12744406) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 2,473,061 |  | 1,680,080 |  |

| Other creditors | - |  | 820,002 |  |

2,473,061 |  | 2,500,082 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 2,713,225 |  | 1,862,638 |  |

| SMJB Properties Limited have provided security over the bank loans via a fixed and floating charge containing a negative pledge over the assets of the company. The liability at the year end was £2,713,225.