Smart Properties Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09474962 (England and Wales)

SMART PROPERTIES INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

O J Perry

REGISTERED OFFICE:

6 Greensmith Way

Westhoughton

Bolton

BL5 3BR

REGISTERED NUMBER:

09474962 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Tangible assets

4

24,255

28,088

Investment property

5

2,200,000

1,760,291

2,224,255

1,788,379

CURRENT ASSETS

Debtors

6

100

6,139

Cash at bank

10,202

10,922

10,302

17,061

CREDITORS

Amounts falling due within one year

7

426,995

368,659

NET CURRENT LIABILITIES

(416,693

)

(351,598

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,807,562

1,436,781

CREDITORS

Amounts falling due after more than one
year

8

(1,297,534

)

(1,308,393

)

PROVISIONS FOR LIABILITIES

9

(148,749

)

(88,735

)

NET ASSETS

361,279

39,653

CAPITAL AND RESERVES

Called up share capital

10

1

Revaluation reserve

11

655,067

351,308

Retained earnings

11

(293,789

)

(311,656

)

SHAREHOLDERS' FUNDS

361,279

39,653

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 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 17 September 2026 and were signed by:

O J Perry - Director

1.	STATUTORY INFORMATION

Smart Properties Investments 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.

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 represents amounts receivable for rents.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

Straight line over 10 years

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

105,719

DEPRECIATION

At 1 April 2025

77,631

Charge for year

3,833

At 31 March 2026

81,464

NET BOOK VALUE

At 31 March 2026

24,255

At 31 March 2025

28,088

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,760,291

Revaluations

439,709

At 31 March 2026

2,200,000

NET BOOK VALUE

At 31 March 2026

2,200,000

At 31 March 2025

1,760,291

Investment property comprises of an amount of £2,200,000 (2025: £1,760,291) for which a first charge over

the underlying assets has been given to the lenders. The fair value of the investment property has been

arrived at on the basis of a valuation carried out by the director at the year end.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

1,760,291

Valuation in 2026

439,709

2,200,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed by associates

-

6,000

Other debtors

100

139

100

6,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

5,031

Trade creditors

-

1

Other creditors

421,964

363,627

426,995

368,659

Bank Loans includes £2,127 (2025: £2,127) secured by way of a fixed first charge over the underlying assets

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

1,297,534

1,308,393

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

817,509

822,642

Bank Loans includes £1,272,332 (2025: £1,275,312) secured by way of a fixed first charge over the

underlying assets.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

148,749

88,735

Deferred

tax

£

Balance at 1 April 2025

88,735

Provided during year

60,014

Balance at 31 March 2026

148,749

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1

Ordinary

£1

1

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 April 2025

(311,656

)

351,308

39,652

Profit for the year

321,626

Revaluation reserve transfer

(303,759

)

303,759

-

At 31 March 2026

(293,789

)

655,067

361,278