Smyth & Sheehan Property Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08923701 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SMYTH & SHEEHAN PROPERTY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Sheehan

J L Smyth

REGISTERED OFFICE:

Jock Sergisons Business Centre

Hyde Park Industrial Estate

Nelson Street

Doncaster

South Yorkshire

DN4 5AB

REGISTERED NUMBER:

08923701 (England and Wales)

FIXED ASSETS

Investment property

4

2,205,000

2,025,000

CURRENT ASSETS

Debtors

5

231,558

53,751

Cash at bank and in hand

6,846

2,239

238,404

55,990

CREDITORS

Amounts falling due within one year

6

117,739

110,600

NET CURRENT ASSETS/(LIABILITIES)

120,665

(54,610

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,325,665

1,970,390

CREDITORS

Amounts falling due after more than
one year

7

(1,120,545

)

(943,966

)

PROVISIONS FOR LIABILITIES

(249,791

)

(204,791

)

NET ASSETS

955,329

821,633

CAPITAL AND RESERVES

Called up share capital

100

Undistributable reserve

9

832,711

697,711

Retained earnings

9

122,518

123,822

955,329

821,633

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

J L Smyth - Director

1.	STATUTORY INFORMATION

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

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 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 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,025,000

Revaluations

180,000

At 31 March 2026

2,205,000

NET BOOK VALUE

At 31 March 2026

2,205,000

At 31 March 2025

2,025,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

359,190

Valuation in 2023

543,312

Valuation in 2026

180,000

Cost

1,122,498

2,205,000

If investment Property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

1,122,498

Investment Property was valued on an open market basis basis on 24 November 2025 by Gerwyn Bryan RICS .

The directors have reviewed movements in the property market since the date of valuation and do not consider there to have been any material change in the fair value of the investment property between 24 November 2025 and the balance sheet date of 31 March 2026.

5.

DEBTORS

31.3.26

31.3.25

£

Amounts falling due within one year:

Other debtors

218,260

53,751

31.3.26

31.3.25

£

Amounts falling due after more than one year:

Other debtors

13,298

-

Aggregate amounts

231,558

53,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

25,089

20,781

Taxation and social security

-

7,827

Other creditors

92,650

81,992

117,739

110,600

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans

1,120,545

943,966

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

1,145,634

964,747

Bank Loans are secured over the property portfolio.

9.

RESERVES

Retained

Undistributable

earnings

reserve

Totals

£

At 1 April 2025

123,822

697,711

821,533

Profit for the year

133,696

Reserves transfer

(135,000

)

135,000

-

At 31 March 2026

122,518

832,711

955,229

10.	RELATED PARTY DISCLOSURES

At 31 March 2026, Smyth & White Property Partnership Limited, a company J L Smyth has an interest in, owed the company £214,500 (2025; £53,750). The loan is unsecured and repayable on demand.