Registration number: 16404017

Smith Self Drive Limited

(Registration number: 16404017)

Balance Sheet as at 30 April 2026

	Note	2026 £
Fixed assets
Investment property	3	558,314
Current assets
Debtors	4	125
Creditors: Amounts falling due within one year	5	(566,438)
Net current liabilities		(566,313)
Net liabilities		(7,999)
Capital and reserves
Called up share capital		1
Retained earnings		(8,000)
Shareholders' deficit		(7,999)

For the financial period ending 30 April 2026 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 period in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 29 July 2026
 

......................................... G J B Smith Director

Smith Self Drive Limited

Notes to the Unaudited Financial Statements for the Period from 23 April 2025 to 30 April 2026

1	Accounting policies

Statutory information

Smith Self Drive Limited is a private company, limited by shares, domiciled in England and Wales, company number 16404017. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents rental income from property lettings. Revenue is recognised on a straight line basis over the lease term.

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.

Investment property

Investment properties are initially recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Smith Self Drive Limited

Notes to the Unaudited Financial Statements for the Period from 23 April 2025 to 30 April 2026 (continued)

2	Staff numbers

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

3	Investment properties

	2026 £
Additions	558,314
At 30 April 2026	558,314