REGISTERED NUMBER: 13916703 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

George Smith Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Norris

J E Athey

SECRETARY:

S Thompson

REGISTERED OFFICE:

587-589 Kings Road

London

SW6 2EH

REGISTERED NUMBER:

13916703 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

1,983,860

1,882,181

CURRENT ASSETS

Debtors

5

13,271

50,187

Cash at bank

31,055

29,599

44,326

79,786

CREDITORS

Amounts falling due within one year

6

206,872

213,969

NET CURRENT LIABILITIES

(162,546

)

(134,183

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,821,314

1,747,998

CREDITORS

Amounts falling due after more than one year

7

(1,683,998

)

(1,690,356

)

PROVISIONS FOR LIABILITIES

(17,954

)

-

NET ASSETS

119,362

57,642

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

119,360

57,640

119,362

57,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 18 September 2026 and were signed on its behalf by:

J E Athey - Director

1.	STATUTORY INFORMATION

George Smith Property Management 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.

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.

Freehold property

-

2% on cost

Plant & equipment

-

at varying rates on cost

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 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant &

property

equipment

Totals

£

£

£

COST

At 1 January 2025

1,992,460

4,335

1,996,795

Additions

-

149,570

149,570

At 31 December 2025

1,992,460

153,905

2,146,365

DEPRECIATION

At 1 January 2025

111,001

3,613

114,614

Charge for year

39,690

8,201

47,891

At 31 December 2025

150,691

11,814

162,505

NET BOOK VALUE

At 31 December 2025

1,841,769

142,091

1,983,860

At 31 December 2024

1,881,459

722

1,882,181

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors and prepayments

13,271

50,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

90,576

78,624

Trade creditors

10,752

10,578

Tax

-

20,286

Social security and other taxes

5,055

5,165

Directors' loan accounts

89,998

89,998

Accruals and deferred income

10,491

9,318

206,872

213,969

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

93,516

81,024

Bank loans - 2-5 years

295,248

250,272

Bank loans more 5 yr by instal

114,684

340,687

Amounts owed to group undertakings

1,180,550

1,018,373

1,683,998

1,690,356

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

114,684

340,687