REGISTERED NUMBER: 09887761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SMALLER DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S P Waller

Mr I R Smith

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

09887761 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

2,250

-

Investments

5

286,695

286,695

Investment property

6

2,004,344

1,625,163

2,293,289

1,911,858

CURRENT ASSETS

Debtors

7

3,377

3,760

Cash at bank and in hand

49,694

58,878

53,071

62,638

CREDITORS

Amounts falling due within one year

8

538,407

400,376

NET CURRENT LIABILITIES

(485,336

)

(337,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,807,953

1,574,120

CREDITORS

Amounts falling due after more than one year

9

606,382

619,950

NET ASSETS

1,201,571

954,170

CAPITAL AND RESERVES

Called up share capital

12

90

90

Retained earnings

1,201,481

954,080

SHAREHOLDERS' FUNDS

1,201,571

954,170

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr I R Smith - Director

Mr S P Waller - Director

1.	STATUTORY INFORMATION

Smaller Developments 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.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

2,250

At 31 March 2026

2,250

NET BOOK VALUE

At 31 March 2026

2,250

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2025

and 31 March 2026

286,695

NET BOOK VALUE

At 31 March 2026

286,695

At 31 March 2025

286,695

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,625,163

Additions

379,181

At 31 March 2026

2,004,344

NET BOOK VALUE

At 31 March 2026

2,004,344

At 31 March 2025

1,625,163

Investment property represents the premises known as Albury House, 310 High Street, Chatham, Kent; 173 High Street, Rainham, Kent; 45 High Street, Eastchurch, Kent; 13 High Street, Sheerness; 11 Victory Street, Sheerness; 83 William Street, Sittingbourne; and Flats 1, 3 & 5 Filmer House, Sittingbourne.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,690

2,025

Prepayments

1,687

1,735

3,377

3,760

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

13,097

16,420

Trade creditors

-

200

Tax

19,991

29,527

Directors' current accounts

503,681

352,681

Accruals & deferred income

1,638

1,548

538,407

400,376

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

61,940

75,508

Amounts owed to participating interests

544,442

544,442

606,382

619,950

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

13,220

30,911

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

13,097

16,420

Amounts falling due between one and two years:

Bank loans - 1-2 years

12,180

11,837

Amounts falling due between two and five years:

Bank loans - 2-5 years

36,540

32,760

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

13,220

30,911

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

75,037

91,928

The bank loan is secured by way of a floating charge held over the freehold property, 310 High Street, Chatham.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

25

Ordinary A

£1

25

25

25

Ordinary B

£1

25

25

10

Ordinary C

£1

10

10

15

Ordinary D

£1

15

15

15

Ordinary E

£1

15

15

90

90

13.	ULTIMATE CONTROLLING PARTY

It is the opinion of the directors that there is no ultimate controlling party, as control is shared between the members equally.