REGISTERED NUMBER: 11572528 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SM CREPS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Morgan

SECRETARY:

Mr G K Morgan

REGISTERED OFFICE:

237 Regents Park

Barnet

London

N3 3LF

REGISTERED NUMBER:

11572528 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

20,950

14,382

Investments

5

910,000

1,217,706

930,950

1,232,088

CURRENT ASSETS

Debtors

6

81,103

94,299

Cash at bank and in hand

1,182,935

1,338,833

1,264,038

1,433,132

CREDITORS

Amounts falling due within one year

417,215

939,623

NET CURRENT ASSETS

846,823

493,509

TOTAL ASSETS LESS CURRENT LIABILITIES

1,777,773

1,725,597

CREDITORS

Amounts falling due after more than one year

22,808

29,141

NET ASSETS

1,754,965

1,696,456

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,754,964

1,696,455

1,754,965

1,696,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2026 and were signed by:

Mr S J Morgan - Director

1.	STATUTORY INFORMATION

SM Creps 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Unlisted investments

Unlisted investments are recognised at cost less provision for impairment.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

34,900

Additions

13,551

At 31 August 2025

48,451

DEPRECIATION

At 1 September 2024

20,518

Charge for year

6,983

At 31 August 2025

27,501

NET BOOK VALUE

At 31 August 2025

20,950

At 31 August 2024

14,382

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 September 2024

1,217,706

Additions

912,915

Disposals

(1,217,706

)

Revaluations

(2,915

)

At 31 August 2025

910,000

NET BOOK VALUE

At 31 August 2025

910,000

At 31 August 2024

1,217,706

Fixed assets investments are initially recognised at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit and loss.

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

75,524

93,694

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £325,841 (2024: £775,600) to the director.

At the balance sheet date, the company was owed £75,524 (2024: £82,694) by G Limited, a company of which Mr G K Morgan, the company secretary, is the sole director. There is no agreed repayment date.