| Smith Connelly Investments Ltd |
| Registered number: |
SC643392 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
727,078 |
|
|
386,976 |
|
| Current assets |
| Debtors |
4 |
|
7,353 |
|
|
4,673 |
| Cash at bank and in hand |
|
|
8,596 |
|
|
79,511 |
|
|
|
15,949 |
|
|
84,184 |
|
| Creditors: amounts falling due within one year |
5 |
|
(231,078) |
|
|
(226,443) |
|
| Net current liabilities |
|
|
|
(215,129) |
|
|
(142,259) |
|
| Total assets less current liabilities |
|
|
|
511,949 |
|
|
244,717 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(533,586) |
|
|
(279,408) |
|
| Provisions for liabilities |
|
|
|
(20,899) |
|
|
(20,899) |
|
|
| Net liabilities |
|
|
|
(42,536) |
|
|
(55,590) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
7 |
|
|
167,578 |
|
|
109,997 |
| Profit and loss account |
|
|
|
(210,214) |
|
|
(165,687) |
|
| Shareholders' funds |
|
|
|
(42,536) |
|
|
(55,590) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| L Connelly |
| Director |
| Approved by the board on 24 July 2026 |
|
| Smith Connelly Investments Ltd |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
|
Fixtures, fittings, tools and equipment |
15% on a Reducing Balance basis |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax asset is recognised in respect of a tax loss that can be carried forwards to be used against related profits of a future period, where allowable. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2024 |
386,576 |
|
625 |
|
387,201 |
|
Additions |
282,601 |
|
- |
|
282,601 |
|
Surplus on revaluation |
57,581 |
|
- |
|
57,581 |
|
At 31 October 2025 |
726,758 |
|
625 |
|
727,383 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
- |
|
225 |
|
225 |
|
Charge for the year |
- |
|
80 |
|
80 |
|
At 31 October 2025 |
- |
|
305 |
|
305 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
726,758 |
|
320 |
|
727,078 |
|
At 31 October 2024 |
386,576 |
|
400 |
|
386,976 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Smith Connelly Commercial Ltd |
|
|
|
|
2,898 |
|
1,838 |
|
Other debtors |
4,455 |
|
2,835 |
|
|
|
|
|
|
7,353 |
|
4,673 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
202 |
|
67 |
|
Trade creditors |
1,037 |
|
9,547 |
|
Investor loans |
229,257 |
|
216,247 |
|
Other creditors |
582 |
|
582 |
|
|
|
|
|
|
231,078 |
|
226,443 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director's accounts |
87,981 |
|
68,823 |
|
Other creditors |
445,605 |
|
210,585 |
|
|
|
|
|
|
533,586 |
|
279,408 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 November 2024 |
109,997 |
|
109,997 |
|
Gain on revaluation of land and buildings |
57,581 |
|
- |
|
|
At 31 October 2025 |
167,578 |
|
109,997 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Smith Connelly Investments Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
1 Victoria Road |
|
Kirkcaldy |
|
Fife |
|
KY1 1DT |