Smyth & White Property Partnership Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09032942 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SMYTH & WHITE PROPERTY PARTNERSHIP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L R Smyth

J L Smyth

REGISTERED OFFICE:

Jock Sergisons Business Centre

Hyde Park Industrial Estate

Nelson Street

Doncaster

South Yorkshire

DN4 5AB

REGISTERED NUMBER:

09032942 (England and Wales)

FIXED ASSETS

Investments

4

13,080

Investment property

5

1,175,000

1,103,218

1,188,080

1,116,298

CURRENT ASSETS

Debtors

6

133,524

75,950

Cash at bank

17,828

4,246

151,352

80,196

CREDITORS

Amounts falling due within one year

7

578,083

478,631

NET CURRENT LIABILITIES

(426,731

)

(398,435

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

761,349

717,863

CREDITORS

Amounts falling due after more than
one year

8

(481,984

)

(495,200

)

PROVISIONS FOR LIABILITIES

(41,847

)

(23,902

)

NET ASSETS

237,518

198,761

CAPITAL AND RESERVES

Called up share capital

100

Undistributable reserves

156,919

103,082

Retained earnings

80,499

95,579

237,518

198,761

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 16 October 2026 and were signed on its behalf by:

J L Smyth - Director

1.	STATUTORY INFORMATION

Smyth & White Property Partnership 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.

Going concern

At 31 March 2026, the company had net current liabilities of £426,731 (2025: £398,435). The company is dependent upon the continued financial support of its directors and other creditors. Given the continuance of this support, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

13,080

NET BOOK VALUE

At 31 March 2026

13,080

At 31 March 2025

13,080

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,103,218

Revaluations

71,782

At 31 March 2026

1,175,000

NET BOOK VALUE

At 31 March 2026

1,175,000

At 31 March 2025

1,103,218

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

26,350

Valuation in 2018

124,308

Valuation in 2026

71,782

Cost

952,560

1,175,000

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

31.3.26

31.3.25

£

Cost

952,560

Investment Property was valued on an open market basis on 31 March 2026 by Carter Towler Chartered Surveyors .

6.

DEBTORS

31.3.26

31.3.25

£

Amounts falling due within one year:

Trade debtors

4,800

-

Other debtors

125,464

75,950

130,264

75,950

Amounts falling due after more than one year:

Other debtors

3,260

-

Aggregate amounts

133,524

75,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

14,914

15,001

Taxation and social security

4,400

10,581

Other creditors

558,769

453,049

578,083

478,631

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans

481,984

495,200

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

436,596

420,197

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

496,898

510,201

Bank Loans are secured against the property portfolio.

10.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

The company was owed £43,650 (2025: £33,750) by Westgate Property Investments Limited, a company in which J L Smyth has an interest in. This loan is unsecured and repayable on demand.

The company was owed £Nil (2025: £42,200) by Harvest Property Investment Limited, a company in which J L Smyth has an interest in. This loan is unsecured and repayable on demand.

The company was owed £81,000 (2025: £Nil) by Jock Sergison Garage Limited, a 100% subsidiary. This loan is unsecured and repayable on demand.

The company owed £214,500 (2025: £53,750) to Smyth & Sheehan Property Investments Limited, a company in which J L Smyth has an interest in. This loan is unsecured and repayable on demand.