REGISTERED NUMBER: 00256460 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SMEATON HANSCOMB & CO.LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,427

6,029

Investment property

5

1,000,000

1,000,000

1,005,427

1,006,029

CURRENT ASSETS

Debtors

6

36,645

30,716

Cash at bank

5,473

-

42,118

30,716

CREDITORS

Amounts falling due within one year

7

129,769

139,550

NET CURRENT LIABILITIES

(87,651

)

(108,834

)

TOTAL ASSETS LESS CURRENT LIABILITIES

917,776

897,195

CREDITORS

Amounts falling due after more than one year

8

(59,241

)

(61,397

)

PROVISIONS FOR LIABILITIES

9

(101,408

)

(101,559

)

NET ASSETS

757,127

734,239

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Share premium

20,000

20,000

Revaluation reserve

518,140

518,140

Retained earnings

208,987

186,099

SHAREHOLDERS' FUNDS

757,127

734,239

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

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

The financial statements were approved by the director and authorised for issue on 7 August 2026 and were signed by:

Mr R A Geddes - Director

1.	STATUTORY INFORMATION

Smeaton Hanscomb & Co.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:

00256460

Registered office:

Unit 6

J K O Buildings

Lisle Road

High Wycombe

Buckinghamshire

HP13 5SH

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

10% 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment is discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

Cost

At 1 October 2024

and 30 September 2025

6,311

7,387

13,698

Depreciation

At 1 October 2024

3,866

3,803

7,669

Charge for year

244

358

602

At 30 September 2025

4,110

4,161

8,271

Net book value

At 30 September 2025

2,201

3,226

5,427

At 30 September 2024

2,445

3,584

6,029

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 October 2024

and 30 September 2025

1,000,000

Net book value

At 30 September 2025

1,000,000

At 30 September 2024

1,000,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2021

400,000

Valuation in 2015

290,853

Cost

309,147

1,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,077

13,525

Other debtors

12,568

17,191

36,645

30,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,378

8,957

Trade creditors

59,678

3,442

Taxation and social security

5,417

-

Other creditors

62,296

127,151

129,769

139,550

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,241

11,397

Preference shares

50,000

50,000

59,241

61,397

Preference shares include £40,000 first cumulative 3.85% shares of £1 each and £10,000 second cumulative 4.2% shares of £1 each.

First cumulative preference shares have first priority to dividends, first priority on winding up at par, No voting rights are held unless the preferential dividend is in arrears by six months after any date fixed for payment or a resolution is proposed directly affecting the rights or privileges of the holders as a separate class.

Second cumulative preference shares have second priority to dividends and second priority in windingup at par. Voting rights are equal to the ordinary share capital.

All issued preference shares have been fully paid.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

101,408

101,559

Deferred

tax

£

Balance at 1 October 2024

101,559

Credit to Income Statement during year

(151

)

Balance at 30 September 2025

101,408

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000