REGISTERED NUMBER: 09398905 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Fred Smith Capital Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Smith

J Smith

J L Egley

J A O'Neill

L C Hughes

REGISTERED OFFICE:

The Dutch House

30 Walshaw Avenue

Colwyn Bay

Conwy

LL29 7UY

REGISTERED NUMBER:

09398905 (England and Wales)

ACCOUNTANTS:

J V Banks

Chartered Accountants

Banks House

Paradise Street

Rhyl

Denbighshire

LL18 3LW

FIXED ASSETS

Tangible assets

4

17,560

23,335

Investments

5

3,459,531

4,955,813

Investment property

6

1,382,500

1,480,000

4,859,591

6,459,148

CURRENT ASSETS

Debtors

7

2,340,630

185,272

Cash at bank

442,804

162,429

2,783,434

347,701

CREDITORS

Amounts falling due within one year

8

3,753,164

3,801,536

NET CURRENT LIABILITIES

(969,730

)

(3,453,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,889,861

3,005,313

PROVISIONS FOR LIABILITIES

39,779

33,912

NET ASSETS

3,850,082

2,971,401

CAPITAL AND RESERVES

Called up share capital

1,204

1,204

Share premium

5,996

5,996

Investment property reserve

-

9,066

Retained earnings

3,842,882

2,955,135

SHAREHOLDERS' FUNDS

3,850,082

2,971,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by:

F Smith - Director

1.	STATUTORY INFORMATION

Fred Smith Capital Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 Income Statement, 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 5 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

54,877

DEPRECIATION

At 1 April 2025

31,542

Charge for year

5,775

At 31 March 2026

37,317

NET BOOK VALUE

At 31 March 2026

17,560

At 31 March 2025

23,335

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

4,955,813

Additions

732,055

Disposals

(2,257,583

)

Revaluations

29,246

At 31 March 2026

3,459,531

NET BOOK VALUE

At 31 March 2026

3,459,531

At 31 March 2025

4,955,813

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2021

(66,569

)

Valuation in 2022

66,266

Valuation in 2023

(335,698

)

Valuation in 2024

463,772

Valuation in 2025

(15,458

)

Valuation in 2026

29,246

Cost

3,317,972

3,459,531

If listed investments had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

3,317,972

4,843,500

Fixed asset investments were valued on an open market basis on 31 March 2026 by Hargreaves Lansdown .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,480,000

Revaluations

(97,500

)

At 31 March 2026

1,382,500

NET BOOK VALUE

At 31 March 2026

1,382,500

At 31 March 2025

1,480,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

77,587

Valuation in 2019

(210,250

)

Valuation in 2020

(18,290

)

Valuation in 2023

21,476

Valuation in 2024

52,824

Valuation in 2026

(97,500

)

Cost

1,556,653

1,382,500

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

1,556,653

1,556,653

Investment property was valued on a fair value basis on 31 March 2026 by the directors .

7.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Trade debtors

12,477

11,633

Other debtors

2,192,898

19,214

2,205,375

30,847

31.3.26

31.3.25

£

£

Amounts falling due after more than one year:

Other debtors

135,255

154,425

Aggregate amounts

2,340,630

185,272

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

118,892

35,821

Other creditors

3,634,272

3,765,715

3,753,164

3,801,536

9.	RELATED PARTY DISCLOSURES

J L Egley

Director and holder of 200 A Ordinary Shares

31.3.26

31.3.25

£

£

Amount due to related party at the balance sheet date

723,933

750,838

L C Hughes

Director and holder of 200 A Ordinary Shares

31.3.26

31.3.25

£

£

Amount due to related party at the balance sheet date

733,458

760,163

Ms R West

Holder of 200 A Ordinary Shares

31.3.26

31.3.25

£

£

Amount due to related party at the balance sheet date

642,316

671,371

J A O'Neill

Director and holder of 202 A Ordinary Shares

31.3.26

31.3.25

£

£

Amount due to related party at the balance sheet date

50,493

63,393

Mr F & Mrs J Smith

Directors and holders of 201 Ordinary shares each

31.3.26

31.3.25

£

£

Amount due to related party at the balance sheet date

1,482,133

1,518,062