REGISTERED NUMBER: 02365316 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SMITH BROTHERS (TAMWORTH) PROPERTIES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M J Smith

SECRETARY:

Mr M J Smith

REGISTERED OFFICE:

Brockhurst

Brockhurst Lane

Canwell

Sutton Coldfield

West Midlands

B75 5SR

REGISTERED NUMBER:

02365316 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

5

41,918

55,435

Investments

6

2,577,796

2,619,951

Investment property

7

7,715,000

6,359,000

10,334,714

9,034,386

CURRENT ASSETS

Debtors

8

3,946,072

1,272,651

Investments

9

4,435,981

3,871,353

Cash at bank

228,350

3,393,785

8,610,403

8,537,789

CREDITORS

Amounts falling due within one year

10

428,500

1,029,770

NET CURRENT ASSETS

8,181,903

7,508,019

TOTAL ASSETS LESS CURRENT LIABILITIES

18,516,617

16,542,405

PROVISIONS FOR LIABILITIES

505,000

180,000

NET ASSETS

18,011,617

16,362,405

CAPITAL AND RESERVES

Called up share capital

11

1,100

1,100

Revaluation reserve

12

4,007,886

2,651,886

Fair value reserve

12

8,505

8,505

Retained earnings

12

13,994,126

13,700,914

SHAREHOLDERS' FUNDS

18,011,617

16,362,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2026 and were signed by:

Mr M J Smith - Director

1.	STATUTORY INFORMATION

Smith Brothers (Tamworth) 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents revenue recognised by the company in respect of rents receivable during the period, excluding value added tax. Rents invoiced in advance are recorded as deferred income and are included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% reducing balance

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.

Investments

Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.

EMPLOYEES

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

5,479

11,533

66,645

1,397

85,054

Additions

-

-

-

419

419

At 30 September 2025

5,479

11,533

66,645

1,816

85,473

DEPRECIATION

At 1 October 2024

4,135

10,976

13,172

1,336

29,619

Charge for year

336

111

13,369

120

13,936

At 30 September 2025

4,471

11,087

26,541

1,456

43,555

NET BOOK VALUE

At 30 September 2025

1,008

446

40,104

360

41,918

At 30 September 2024

1,344

557

53,473

61

55,435

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2024

2,619,951

Additions

2,353,118

Disposals

(2,444,963

)

Change in fair value

48,458

Exchange differences

1,232

At 30 September 2025

2,577,796

NET BOOK VALUE

At 30 September 2025

2,577,796

At 30 September 2024

2,619,951

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

6,359,000

Revaluations

1,356,000

At 30 September 2025

7,715,000

NET BOOK VALUE

At 30 September 2025

7,715,000

At 30 September 2024

6,359,000

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

253,877

258,755

Other debtors

314,211

659,870

568,088

918,625

Amounts falling due after more than one year:

Other debtors

3,377,984

354,026

Aggregate amounts

3,946,072

1,272,651

9.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

4,435,981

3,871,353

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

15,732

Taxation and social security

144,287

724,462

Other creditors

284,213

289,576

428,500

1,029,770

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary 'A'

£1

1,000

1,000

100

Ordinary 'B'

£1

100

100

1,100

1,100

12.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 October 2024

13,700,914

2,651,886

8,505

16,361,305

Profit for the year

1,687,712

1,687,712

Dividends

(38,500

)

(38,500

)

Unrealised deficit on changes to revaluation/fair value

(1,356,000

)

1,356,000

-

-

At 30 September 2025

13,994,126

4,007,886

8,505

18,010,517

13.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £111,682 (2024 - £110,105) due to the Directors.

Amount due from the parent company at the balance sheet date was £3,315,424, which is repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is SBZ Topco Limited, which is registered in England and Wales.