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COMPANY REGISTRATION NUMBER: 11333629

Smallview Properties Limited

Filleted Unaudited Financial Statements

31 May 2025

Smallview Properties Limited

Financial Statements

Year ended 31 May 2025

Contents | Page

Officers and professional advisers | 1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

Smallview Properties Limited

Officers and Professional Advisers

The board of directors | NP Crossick
| SB Spitz

Registered office | 727-729 High Road
| London
| N12 0BP

Accountants | Complete Accounting Solutions
| Chartered Certified Accountants
| 727-729 High Road
| London
| N12 0BP

Smallview Properties Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Smallview Properties Limited

Year ended 31 May 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP

Smallview Properties Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | 9,004,130 | 8,921,600

Current assets

Debtors | 5 | 248,448 | 11,948
Cash at bank and in hand | 104,939 | 178,384
| --------- | ---------
| 353,387 | 190,332

Creditors: amounts falling due within one year | 6 | 592,805 | 381,865
| --------- | ---------
Net current liabilities | 239,418 | 191,533
| ------------ | ------------
Total assets less current liabilities | 8,764,712 | 8,730,067

Creditors: amounts falling due after more than one year | 7 | 9,004,000 | 8,860,000
| ------------ | ------------
Net liabilities | ( 239,288) | ( 129,933)
| ------------ | ------------

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | ( 239,290) | ( 129,935)
| --------- | ---------
Shareholders funds | ( 239,288) | ( 129,933)
| --------- | ---------

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 May 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 .

Smallview Properties Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 25 February 2026 , and are signed on behalf of the board by:

SB Spitz
Director

Company registration number: 11333629

Smallview Properties Limited

Notes to the Financial Statements

Year ended 31 May 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 727-729 High Road, London, N12 0BP.
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 .
Investment properties
Investment properties are accounted for at their fair value every 3 years on a regular basis. Changes in fair value are reflected through the profit and loss account and any unrealised gains or losses are transferred from profit and loss to the fair value reserve. No depreciation is provided in respect of investment properties. This treatment is a departure from the requirements of the companies act 2006 which requires all properties to be depreciated. However, the director considers that these properties are not held for consumption but for investment and that to depreciate them would not give a true and fair view. The amount of of depreciation which might otherwise have been charged cannot be separately identified or quantified as it is not practical to assess the estimated useful lives for investment properties.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 33% straight line
| Equipment | - | 33% straight line

4. Tangible assets

| Freehold property | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 June 2024 | 8,647,977 | 430,099 | 6,856 | 9,084,932
Additions | – | 127,483 | – | 127,483
| ------------ | --------- | ------- | ------------
At 31 May 2025 | 8,647,977 | 557,582 | 6,856 | 9,212,415
| ------------ | --------- | ------- | ------------
Depreciation |  |  |  |
At 1 June 2024 | – | 156,610 | 6,722 | 163,332
Charge for the year | – | 44,914 | 39 | 44,953
| ------------ | --------- | ------- | ------------
At 31 May 2025 | – | 201,524 | 6,761 | 208,285
| ------------ | --------- | ------- | ------------
Carrying amount |  |  |  |
At 31 May 2025 | 8,647,977 | 356,058 | 95 | 9,004,130
| ------------ | --------- | ------- | ------------
At 31 May 2024 | 8,647,977 | 273,489 | 134 | 8,921,600
| ------------ | --------- | ------- | ------------

At the period end, the directors are of the opinion that there is no material difference between cost and the revalued amount of the properties and that these are revalued regularly at 3 year intervals in line with the accounting policy adopted .
5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 237,060 | –
Other debtors | 11,388 | 11,948
| --------- | --------
| 248,448 | 11,948
| --------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 31,959 | 7,908
Social security and other taxes | 16,126 | 28,101
Other creditors | 544,720 | 345,856
| --------- | ---------
| 592,805 | 381,865
| --------- | ---------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans | 4,775,000 | 4,775,000
Other creditors | 4,229,000 | 4,085,000
| ------------ | ------------
| 9,004,000 | 8,860,000
| ------------ | ------------

The company has provided security by way of mortgage deeds over all the properties owned in favour of Investec Bank plc.