Company No: 14655936 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	600,000		600,000
		600,000		600,000
Current assets
Debtors	4	147,088		196,000
Cash at bank and in hand		12		100
		147,100		196,100
Creditors: amounts falling due within one year	5	( 600,000)		( 600,000)
Net current liabilities		(452,900)		(403,900)
Total assets less current liabilities		147,100		196,100
Net assets		147,100		196,100
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		147,000		196,000
Total shareholders' funds		147,100		196,100

For the financial year ending 31 October 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SML Holdings Group Limited (registered number: 14655936) were approved and authorised for issue by the Board of Directors on 08 July 2026. They were signed on its behalf by:

Mr N S Walters Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SML Holdings Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Edison Gate, Unit 10a Hopkinson Way, Andover, SP10 3ZE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

The company had no employees during the period.

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 November 2024	600,000
At 31 October 2025	600,000
Carrying value at 31 October 2025	600,000
Carrying value at 31 October 2024	600,000

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	3,821		64,983
Amounts owed by directors	143,267		131,017
	147,088		196,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	600,000		600,000

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
42 A ordinary shares of £ 1.00 each	42.00		42.00
26 B ordinary shares of £ 1.00 each	26.00		26.00
32 C ordinary shares of £ 1.00 each	32.00		32.00
1 X Redeemable ordinary share of £ 0.01	0.01		0.01
1 Y Redeemable ordinary share of £ 0.01	0.01		0.01
1 Z Redeemable ordinary share of £ 0.01	0.01		0.01
	100.03		100.03

7. Related party transactions

Transactions with the entity's directors

At the year end the directors owed £143,267 (2024: £131,017) to the company. This amount is interest free and repayable on demand.