Company No: 13656914 (England and Wales)

Contents

• Company Information
• Directors' Report
• Directors' Responsibilities Statement
• Accountants' Report
• Profit and Loss Account
• Balance Sheet
• Notes to the Financial Statements
• Detailed Profit and Loss Account

DIRECTORS	J L Smith
	T C Smith

REGISTERED OFFICE	Bowdenfield Barn Vicarage Street
	Tintinhull
	Yeovil
	BA22 8PY
	United Kingdom

COMPANY NUMBER

13656914 (England and Wales)

CHARTERED ACCOUNTANTS	Albert Goodman LLP
	Goodwood House
	Blackbrook Park Avenue
	Taunton
	Somerset
	TA1 2PX

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 October 2025.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial period was that of rental of owned real estate.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

J L Smith
T C Smith

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

J L Smith Director

T C Smith Director

17 July 2026

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Smith & Smith Holdings Limited for the financial year ended 31 October 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Smith & Smith Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Smith & Smith Holdings Limited. You consider that Smith & Smith Holdings Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Smith & Smith Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Smith & Smith Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Smith & Smith Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Smith & Smith Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smith & Smith Holdings Limited and its Board of Directors as a body for our work or for this report.

Albert Goodman LLP
Chartered Accountants

Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

17 July 2026

		2025		2024
		£		£
Turnover		18,545		25,621
Administrative expenses		( 18,138)		( 22,537)
Operating profit		407		3,084
Other non-operating income		0		25,000
Profit before interest and taxation		407		28,084
Interest receivable and similar income		15		0
Interest payable and similar expenses		( 5)		0
Profit before taxation		417		28,084
Tax on profit		( 79)		( 6,836)
Profit for the financial year		338		21,248

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	325,000		325,000
		325,000		325,000
Current assets
Debtors	4	6,464		860
Cash at bank and in hand		10,429		13,266
		16,893		14,126
Creditors: amounts falling due within one year	5	( 9,485)		( 7,701)
Net current assets		7,408		6,425
Total assets less current liabilities		332,408		331,425
Creditors: amounts falling due after more than one year	6	( 248,201)		( 247,556)
Provision for liabilities	7	( 9,521)		( 9,521)
Net assets		74,686		74,348
Capital and reserves
Called-up share capital		2		2
Undistributable reserve	8	28,562		28,562
Profit and loss account		46,122		45,784
Total shareholders' funds		74,686		74,348

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 in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

The financial statements of Smith & Smith Holdings Limited (registered number: 13656914) were approved and authorised for issue by the Board of Directors on 17 July 2026. They were signed on its behalf by:

J L Smith Director

T C Smith 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

Smith & Smith Holdings 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 Bowdenfield Barn Vicarage Street, Tintinhull, Yeovil, BA22 8PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	325,000
As at 31 October 2025	325,000

Historic cost

If the investment properties were recorded at historic cost in the accounts, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	286,917		286,917

4. Debtors

	2025		2024
	£		£
Trade debtors	5,915		0
Other debtors	549		860
	6,464		860

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	821		728
Taxation and social security	79		586
Other creditors	8,585		6,387
	9,485		7,701

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	248,201		247,556

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	9,521		9,521

8. Changes in equity

	Undistributable reserve
	£
At 01 November 2024	28,562
At 31 October 2025	28,562
At 01 November 2023	9,812
Movement in fair value of investment property	25,000
Movement in deferred tax on fair value adjustment of investment property	( 6,250)
Total comprehensive income	18,750
At 31 October 2024	28,562

9. Related party transactions

Other related party transactions

	2025		2024
	£		£
Smith Carpentry and Construction Limited	104,311		103,710

During the year the company had a loan from Smith Carpentry and Construction Limited.
Smith Carpentry and Construction Limited is a related party by virtue that J L Smith is a director and shareholder of both companies.

	2025		2024
	£		£
Turnover
Rental revenue	13,150		18,783
Other revenue	5,395		6,838
	18,545		25,621
Administrative expenses
Travel and subsistence	( 405)		( 405)
Rates	( 449)		( 635)
Light and heat	( 14,265)		( 16,522)
Bank charges	( 102)		( 240)
Insurance	( 783)		( 886)
Repairs and maintenance	0		( 1,536)
Accountancy fees	( 2,134)		( 2,313)
	(18,138)		(22,537)
Operating profit	407		3,084
Other non-operating income	0		25,000
Profit before interest and taxation	407		28,084
Interest receivable and similar income
Other interest receivable	15		0
Interest payable and similar expenses
Bank interest payable	( 5)		0
Profit before taxation	417		28,084