REGISTERED NUMBER: 06412635 (England and Wales)

Financial Statements For The Year Ended 31st October 2025

for

Smith & Bone Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Smith

Ms S Smith

REGISTERED OFFICE:

Office 8

Stuart Court

73-75 Station Road

Erdington

Birmingham

B23 6UG

REGISTERED NUMBER:

06412635 (England and Wales)

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

FIXED ASSETS

Tangible assets

4

82,285

70,076

Investment property

5

2,504,000

2,498,000

2,586,285

2,568,076

CURRENT ASSETS

Debtors

6

885

-

Cash at bank

101,142

1,958

102,027

1,958

CREDITORS

Amounts falling due within one year

7

224,926

476,710

NET CURRENT LIABILITIES

(122,899

)

(474,752

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,463,386

2,093,324

CREDITORS

Amounts falling due after more than one year

8

(1,644,208

)

(1,269,558

)

PROVISIONS FOR LIABILITIES

(166,721

)

(158,346

)

NET ASSETS

652,457

665,420

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

644,949

644,949

Retained earnings

7,408

20,371

SHAREHOLDERS' FUNDS

652,457

665,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 13th May 2026 and were signed on its behalf by:

T J Smith - Director

1.	STATUTORY INFORMATION

Smith & Bone 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.	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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on cost and 10% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2024

139,674

Additions

53,325

Disposals

(35,173

)

At 31st October 2025

157,826

DEPRECIATION

At 1st November 2024

69,598

Charge for year

32,323

Eliminated on disposal

(26,380

)

At 31st October 2025

75,541

NET BOOK VALUE

At 31st October 2025

82,285

At 31st October 2024

70,076

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

2,498,000

Revaluations

6,000

At 31st October 2025

2,504,000

NET BOOK VALUE

At 31st October 2025

2,504,000

At 31st October 2024

2,498,000

Fair value at 31st October 2025 is represented by:

£

Valuation in 2025

802,233

Cost

1,701,767

2,504,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,701,767

1,701,767

Investment property was valued on an open market basis on 31st October 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

885

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,573

41,892

Finance leases

12,532

12,314

Taxation and social security

(652

)

768

Other creditors

193,473

421,736

224,926

476,710

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,576,777

1,217,202

Finance leases

67,431

52,356

1,644,208

1,269,558

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,433

6,731