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REGISTERED NUMBER: 04551004 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SML PROPERTIES LIMITED
SML PROPERTIES LIMITED (REGISTERED NUMBER: 04551004)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

SML PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: A G Sodha
Mrs M Sodha





SECRETARY: Mrs M Sodha





REGISTERED OFFICE: 38A High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 04551004 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
38A High Street
Northwood
Middlesex
HA6 1BN
SML PROPERTIES LIMITED (REGISTERED NUMBER: 04551004)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,016,189 1,016,189

CURRENT ASSETS
Cash at bank 14,146 6,990

CREDITORS
Amounts falling due within one year 4 600,897 627,855
NET CURRENT LIABILITIES (586,751 ) (620,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,438

395,324

CAPITAL AND RESERVES
Called up share capital 6 8 8
Retained earnings 429,430 395,316
SHAREHOLDERS' FUNDS 429,438 395,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.
SML PROPERTIES LIMITED (REGISTERED NUMBER: 04551004)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 December 2017 and were
signed on its behalf by:





A G Sodha - Director

SML PROPERTIES LIMITED (REGISTERED NUMBER: 04551004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

SML Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has been funded by an interest free loan from its shareholders. The amount owed
at the balance sheet date was £585,651 and is included in current liabilities. There are no fixed
repayment terms and the shareholders intend to seek repayment only when the company's cash
flow allows. Accordingly, the directors believe it is appropriate to continue preparing the
financial statements on a going concern basis.

Investment properties
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.

The investment property fair value of £1,016,189 (2016: £1,016,189) was determined by the
directors by reference to discussions with a number of independent valuers.

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.
SML PROPERTIES LIMITED (REGISTERED NUMBER: 04551004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 1,016,189
NET BOOK VALUE
At 31 March 2017 1,016,189
At 31 March 2016 1,016,189

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 258,280
Trade creditors - (1 )
Tax 8,529 8,334
VAT 2,169 2,024
Rent received in advance 3,548 3,548
Shareholders loan 585,651 354,643
Accrued expenses 1,000 1,027
600,897 627,855

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans - 258,280

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
8 Ordinary £1 8 8

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