ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

SMS HOLDINGS NW LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-01falseInvestment Property11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11747285 2021-12-31 11747285 2022-01-01 2022-12-31 11747285 2021-05-01 2022-04-30 11747285 2022-12-31 11747285 2022-04-30 11747285 c:Director1 2022-01-01 2022-12-31 11747285 d:Buildings 2022-01-01 2022-12-31 11747285 d:Buildings 2022-12-31 11747285 d:Buildings 2022-04-30 11747285 d:Buildings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11747285 d:FurnitureFittings 2022-01-01 2022-12-31 11747285 d:FurnitureFittings 2022-12-31 11747285 d:FurnitureFittings 2022-04-30 11747285 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11747285 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11747285 d:CurrentFinancialInstruments 2022-12-31 11747285 d:CurrentFinancialInstruments 2022-04-30 11747285 d:Non-currentFinancialInstruments 2022-12-31 11747285 d:Non-currentFinancialInstruments 2022-04-30 11747285 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11747285 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11747285 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11747285 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 11747285 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11747285 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 11747285 d:ShareCapital 2022-12-31 11747285 d:ShareCapital 2022-04-30 11747285 d:RetainedEarningsAccumulatedLosses 2022-12-31 11747285 d:RetainedEarningsAccumulatedLosses 2022-04-30 11747285 c:FRS102 2022-01-01 2022-12-31 11747285 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11747285 c:FullAccounts 2022-01-01 2022-12-31 11747285 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11747285

SMS HOLDINGS NW LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

SMS HOLDINGS NW LTD

REGISTERED NUMBER: 11747285

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2022
		£		£

FIXED ASSETS
Tangible assets		599,576		446,372
		599,576		446,372
CURRENT ASSETS
Cash at bank and in hand	479		4,240
	479		4,240
Creditors: amounts falling due within one year	(55,694)		(61,515)
NET CURRENT LIABILITIES		(55,215)		(57,275)
TOTAL ASSETS LESS CURRENT LIABILITIES		544,361		389,097
Creditors: amounts falling due after more than one year		(575,455)		(412,012)

NET LIABILITIES		(31,094)		(22,915)

CAPITAL AND RESERVES
Called up share capital	2	2
Profit and loss account	(31,096)	(22,917)
	(31,094)	(22,915)

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SMS HOLDINGS NW LTD

REGISTERED NUMBER: 11747285

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2023.

Mr Ryan Rieder

Director

The notes on pages 3 to 6 form part of these financial statements.

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SMS HOLDINGS NW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

1.	GENERAL INFORMATION

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
Maritime House
Harbour Walk
The Marina
Hartlepool
TS24 0UX

2.ACCOUNTING POLICIES

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SMS HOLDINGS NW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (continued)

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-	nil
				Fixtures and fittings	-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

EMPLOYEES

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).

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SMS HOLDINGS NW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

4.	TANGIBLE FIXED ASSETS

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2022	446,372	-	446,372
Additions	130,935	25,368	156,303
At 31 December 2022	577,307	25,368	602,675
Depreciation
Charge for the Period on owned assets	-	3,099	3,099
At 31 December 2022	-	3,099	3,099
Net book value
At 31 December 2022	577,307	22,269	599,576
At 31 December 2022	446,372	-	446,372

5.	CASH AND CASH EQUIVALENTS
		2022	2022
		£	£

Cash at bank and in hand	479	4,240
	479	4,240

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2022
		£	£

Other creditors	59,694	59,694
Accruals and deferred income	(4,000)	1,821
	55,694	61,515

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SMS HOLDINGS NW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2022	2022
		£	£

Bank loans	220,911	144,540
Amounts owed to group undertakings	354,544	267,472
	575,455	412,012


Amounts falling due 1-2 years
Bank loans	220,911	144,540
	220,911	144,540


	220,911	144,540

9.	CONTROLLING PARTY

The immediate parent is Rieder Investments Limited the registered office of which is Maritime House, Harbour Walk, The Marina, HartlepooL, TS24 0UX.
The ultimate parent undertaking and controlling party is Rieder Wellness Limited the registered office of which is Maritime House, Harbour Walk, The Marina, Hartlepool, TS24 0UX.

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