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Registration number: 08289495

SMIJ Management Company Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

SMIJ Management Company Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SMIJ Management Company Ltd

Company Information

Directors

Mr Daniel Hruschka

Ms Eva Carina Hruschka

Company secretary

Mrs Jane Roewellyn

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Charter Tax Consulting Limited
11 St James's Place
London
SW1A 1NP

 

SMIJ Management Company Ltd

(Registration number: 08289495)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

722

167

Cash at bank and in hand

 

6,284

7,498

 

7,006

7,665

Creditors: Amounts falling due within one year

5

(6,482)

(5,065)

Net assets

 

524

2,600

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

520

2,596

Shareholders' funds

 

524

2,600

For the financial year ending 30 November 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 


Mr Daniel Hruschka
Director

 

SMIJ Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 29 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared and presenting in UK Pound Sterling (£) which is the functional currency of the Company. The financial statements have been rounded to the nearest whole £.

Going concern

The Directors have confirmed that the shareholders will support the company for the next 12 months and therefore the financial statements have been prepared on a going concern basis.

Judgements

No significant judgements have been made by management in the preparation of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

SMIJ Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2021 - 3).

 

SMIJ Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

4

Debtors

Current

2022
£

2021
£

Prepayments

197

163

Other debtors

525

4

722

167

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

156

130

Taxation and social security

-

644

Accruals and deferred income

3,480

1,740

Other creditors

2,846

2,551

6,482

5,065

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Called up share capital of £1 each

4

4

4

4