Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310falsetrue2022-04-01trueNo description of principal activity0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10692816 2022-04-01 2023-03-31 10692816 2021-04-01 2022-03-31 10692816 2023-03-31 10692816 2022-03-31 10692816 c:Director3 2022-04-01 2023-03-31 10692816 d:CurrentFinancialInstruments 2023-03-31 10692816 d:CurrentFinancialInstruments 2022-03-31 10692816 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10692816 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10692816 d:ShareCapital 2023-03-31 10692816 d:ShareCapital 2022-03-31 10692816 d:RetainedEarningsAccumulatedLosses 2023-03-31 10692816 d:RetainedEarningsAccumulatedLosses 2022-03-31 10692816 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 10692816 c:FRS102 2022-04-01 2023-03-31 10692816 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10692816 c:FullAccounts 2022-04-01 2023-03-31 10692816 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10692816 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10692816









SMART CAPITAL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SMART CAPITAL HOLDINGS LIMITED
REGISTERED NUMBER: 10692816

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
180
180

  
180
180

Current assets
  

Cash at bank and in hand
  
1,150,000
895,859

  
1,150,000
895,859

Creditors: amounts falling due within one year
 5 
(750,163)
(496,022)

Net current assets
  
 
 
399,837
 
 
399,837

Total assets less current liabilities
  
400,017
400,017

  

Net assets
  
400,017
400,017


Capital and reserves
  

Called up share capital 
  
180
180

Profit and loss account
  
399,837
399,837

  
400,017
400,017


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 year 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 profit and loss account 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 17 November 2023.

M Singh
Director

The notes on pages 3 to 4 form part of these financial statements.
Page 1

 
SMART CAPITAL HOLDINGS LIMITED
REGISTERED NUMBER: 10692816
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


Page 2

 
SMART CAPITAL HOLDINGS 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, incorporated and domiciled in England within the United Kingdom, registration number 10692816.  The Company's registered office is 15 Birchall Street, Birmingham, West Midlands, England, B12 0RP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt
Page 3

 
SMART CAPITAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
180



At 31 March 2023
180





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
750,163
496,022

750,163
496,022


 
Page 4