2022-04-01 2023-03-31 08540505 The Smart Property Company (No. 1) Limited false 08540505 2022-04-01 2023-03-31 08540505 uk-bus:Director1 2022-04-01 2023-03-31 08540505 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08540505 uk-bus:SmallEntities 2022-04-01 2023-03-31 08540505 uk-bus:FullAccounts 2022-04-01 2023-03-31 08540505 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08540505 2022-04-01 08540505 2023-03-31 08540505 2022-03-31 xbrli:pure iso4217:GBP 08540505 2021-04-01 2022-03-31
Company Registration Number : 08540505 (England and Wales)
08540505
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-03-31
false
The Smart Property Company (No. 1) Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-04-01
The Smart Property Company (No. 1) Limited
Unaudited filleted financial statements
For the year ended 31 March 2023
The Smart Property Company (No. 1) Limited
Contents
For the year ended 31 March 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


The Smart Property Company (No. 1) Limited
Company Information
For the year ended 31 March 2023

Company registration number 08540505 (England and Wales)
Director Martin Patterson
Registered office address 55 West Stockwell Street
Colchester
CO1 1HE
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
The Smart Property Company (No. 1) Limited
Statement of Financial Position
For the year ended 31 March 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 105 140
6 105 140
Current assets
Inventories 500,000 689,595
Debtors 597 722
Cash and cash equivalents 444 830
501,041 691,147
Current liabilities
Creditors: Amounts falling due within one year (87) (700,330)
(87) (700,330)
Net current assets/(liabilities) 500,954 (9,183)
Total assets less current liabilities 501,059 (9,042)
Non-current liabilities
Creditors: Amounts falling due after more than one year (716,015) -
Net (liabilities)/assets (214,956) (9,042)
Capital and reserves
Called up share capital 5 5
Retained earnings (214,961) (9,048)
Shareholder's funds (214,956) (9,042)
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 09 October 2023
.............................
Martin Patterson (Director)
Company registration number: 08540505
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-03-31 31 March 2023
2023 2022
£ £
Fixed Assets 105 140
Current Assets 501,041 691,147
Creditors: amounts falling due within one year (87) (700,330)
Net current assets (liabilities) 500,954 (9,183)
Total assets less current liabilities 501,059 (9,042)
CREDITORS: Amounts falling due more than one year (716,015) 0
Net Assets (liabilities) (214,956) (9,042)
Capital and Reserves (214,956) (9,042)
For the year ending 3/31/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-03-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 09 October 2023 2023-10-09 and signed on behalf of the board,
.............................
Martin Patterson
Director
Company registration number: 08540505
The Smart Property Company (No. 1) Limited
Notes to the Financial Statements
For the year ended 31 March 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 55 West Stockwell Street, Colchester, CO1 1HE.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(6) Fixed assets
Tangible

£
Cost
As at 01 April 2022789
As at 31 March 2023789
Depreciation/Amortisation
As at 01 April 2022649
For the year35
As at 31 March 2023684
Net book value
As at 31 March 2023105
As at 31 March 2022140

(7) The amount of inventory write down as an expense in the period
£203,587.24 has write down from the inventory as an expense during the year.