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Registration number: 10433506

Property Smith Investments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Property Smith Investments Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 5

Property Smith Investments Limited

(Registration number: 10433506)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 340,000 | 340,000
Current assets |  |  |
Debtors |  | - | 643
Cash at bank and in hand |  | 22,934 | 10,956
|  | 22,934 | 11,599
Creditors: Amounts falling due within one year | 6 | (2,895) | (15,766)
Net current assets/(liabilities) |  | 20,039 | (4,167)
Total assets less current liabilities |  | 360,039 | 335,833
Creditors: Amounts falling due after more than one year | 6 | (205,267) | (192,167)
Provisions for liabilities |  | (15,000) | (15,000)
Net assets |  | 139,772 | 128,666
Capital and reserves |  |  |
Called up share capital |  | 60 | 60
Revaluation reserve |  | 125,276 | 125,276
Retained earnings |  | 14,436 | 3,330
Shareholders' funds |  | 139,772 | 128,666

Property Smith Investments Limited

(Registration number: 10433506)
Balance Sheet as at 31 October 2025

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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2026

......................................... Mr M K Newman Director

Property Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the director on 17 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on going concern basis.

Revenue recognition

Turnover comprises the rental income recogised as it falls due, in accordance with the lease in place with the tenant.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Property Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | No depreciation charged
Fixtures and fittings | 25% Straight line
Office equipment | 25% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 November 2024 | 29,023 | 29,023
At 31 October 2025 | 29,023 | 29,023
Depreciation
At 1 November 2024 | 29,023 | 29,023
At 31 October 2025 | 29,023 | 29,023
Carrying amount
At 31 October 2025 | - | -

5 | Investment properties

| 2025 £
At 1 November | 340,000
At 31 October | 340,000

The Director has revalued the premises at the current market value.

Property Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | - | 13,100
Trade creditors |  | 86 | -
Taxation and social security |  | 2,089 | -
Accruals and deferred income |  | 720 | 720
Other creditors |  | - | 1,946
|  | 2,895 | 15,766

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 205,267 | 192,167

A debenture has been lodged at Companies House, in favour of Interbay Funding bank, with fixed and floating charges over all assets, dated 16 October 2023.

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 205,267 | 192,167

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 13,100