SMBL DEVELOPMENTS LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

KPMG Channel Islands Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis, which the directors believe to be appropriate for the following reasons. The company is dependent on funds provided by the company's shareholders. The new development agreements mentioned above enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. Based on this, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In February 2019, the company signed a Development Agreement with the British Library (''Library'') to develop plans to build a 100,000 sq ft extension to the Grade I listed building and c 600,000 sqft of commercial development.”
• “In January 2023 the London Borough of Camden Council's Planning Committee (''Camden'') resolved to grant planning permission, subject to completion of the S106 and referral to the GLA. The company satisfied the Planning Permission requirements during 2024.”
• “In March 2025, the Development Agreement became unconditional following the company achieving the Principal Conditions.”
• “Following the year end, the company issued 35 A shares and 65 B shares in exchange for the settlement of outstanding loan fundings amounting to £359,816 and £668,230, respectively.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +72.1%

  £61,321 → £105,529

• Net assets

  +57.6%

  £13,252,240 → £20,889,444

• Employees

  —

  Not reported

• Operating profit

  -38%

  -£75,376 → -£103,989

• Profit before tax

  -28.9%

  -£74,534 → -£96,067

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers