REGISTERED NUMBER: 09205884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

SME PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Earl

REGISTERED OFFICE:

Riverside House

River Lane

Saltney

Chester

Flintshire

CH4 8RQ

REGISTERED NUMBER:

09205884 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Lloyds Bank

355 Woodchurch Road

Wirrall

CH42 8PE

FIXED ASSETS

Tangible assets

4

1,879

2,540

CURRENT ASSETS

Cash at bank

3,782

7,037

CREDITORS

Amounts falling due within one year

5

11,851

11,266

NET CURRENT LIABILITIES

(8,069

)

(4,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,190

)

(1,689

)

CREDITORS

Amounts falling due after more than one year

6

-

(4,288

)

PROVISIONS FOR LIABILITIES

8

(1,657

)

(635

)

NET LIABILITIES

(7,847

)

(6,612

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(7,947

)

(6,712

)

SHAREHOLDERS' FUNDS

(7,847

)

(6,612

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2026 and were signed by:

S M Earl - Director

1.	STATUTORY INFORMATION

SME Property Ltd 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.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis on the assumption that the support of the providers of finance will be continued. The providers of finance are the controlling director and shareholder. If this support is withdrawn, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st November 2024

and 31st October 2025

3,621

8,200

403

12,224

DEPRECIATION

At 1st November 2024

2,480

7,103

101

9,684

Charge for year

285

275

101

661

At 31st October 2025

2,765

7,378

202

10,345

NET BOOK VALUE

At 31st October 2025

856

822

201

1,879

At 31st October 2024

1,141

1,097

302

2,540

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts (see note 7)

4,398

4,400

Directors' loan accounts

6,793

5,921

Accruals and deferred income

660

945

11,851

11,266

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 7)

-

4,288

7.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Bank loans

4,398

4,400

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

4,288

8.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

Accelerated capital allowances

357

635

Tax losses carried forward

1,300

-

1,657

635

Deferred

tax

£

Balance at 1st November 2024

635

Movement in the year due to:

changes in tax allowances

(278

)

changes in tax losses

1,300

Balance at 31st October 2025

1,657

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1st November 2024

(6,712

)

Deficit for the year

(1,235

)

At 31st October 2025

(7,947

)

11.	CAPITAL COMMITMENTS

31.10.25

31.10.24

£

£

Contracted but not provided for in the

financial statements

-

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S M Earl.