REGISTERED NUMBER: 13019380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SMI HOUSE LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

519,000

444,000

CURRENT ASSETS

Debtors

5

1,695

431

Cash at bank

4,119

41,211

5,814

41,642

CREDITORS

Amounts falling due within one year

6

232,706

240,604

NET CURRENT LIABILITIES

(226,892

)

(198,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

292,108

245,038

CREDITORS

Amounts falling due after more than one year

7

333,250

277,750

NET LIABILITIES

(41,142

)

(32,712

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(41,242

)

(32,812

)

(41,142

)

(32,712

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 July 2026 and were signed by:

Mr S R Irwin - Director

1.	STATUTORY INFORMATION

SMI House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13019380

Registered office:

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

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 represents rental income from the letting of residential properties.

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 Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

444,000

Additions

80,378

Revaluations

(5,378

)

At 30 November 2025

519,000

NET BOOK VALUE

At 30 November 2025

519,000

At 30 November 2024

444,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2022

20,095

Valuation in 2023

(22,687

)

Valuation in 2024

(3,154

)

Valuation in 2025

(5,377

)

Cost

530,123

519,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

1,695

431

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

229,946

237,946

Accruals and deferred income

2,760

2,658

232,706

240,604

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

333,250

277,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

333,250

277,750

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

333,250

277,750

The bank loans are secured on the properties to which they relate.

9.	RELATED PARTY DISCLOSURES

The company has an outstanding directors loan of £229,946 (2024: £237,946) payable to Mr S R Irwin as at 30 November 2025. The loan is interest free and has been provided to the company to fund the acquisition of freehold rental properties.