2022-04-012023-08-312023-08-31false06724867SMART RESIDENTIAL (MANAGING AGENTS) 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SMART RESIDENTIAL (MANAGING AGENTS) LIMITED

Registered Number
06724867
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

SMART RESIDENTIAL (MANAGING AGENTS) LIMITED
Company Information
for the period from 1 April 2022 to 31 August 2023

Director

SMART, Jane Alison

Company Secretary

SMART, Christopher Stephen Kaye

Registered Address

17 Church Lane
Adel
Leeds
LS16 8DB

Registered Number

06724867 (England and Wales)
SMART RESIDENTIAL (MANAGING AGENTS) LIMITED
Statement of Financial Position
31 August 2023

Notes

31 Aug 2023

31 Mar 2022

£

£

£

£

Fixed assets
Tangible assets6-109
-109
Current assets
Debtors71,1931,420
Cash at bank and on hand3,0905,548
4,2836,968
Creditors amounts falling due within one year8(5,875)(7,045)
Net current assets (liabilities)(1,592)(77)
Total assets less current liabilities(1,592)32
Net assets(1,592)32
Capital and reserves
Called up share capital100100
Profit and loss account(1,692)(68)
Shareholders' funds(1,592)32
The financial statements were approved and authorised for issue by the Director on 6 February 2024, and are signed on its behalf by:
SMART, Jane Alison
Director
Registered Company No. 06724867
SMART RESIDENTIAL (MANAGING AGENTS) LIMITED
Notes to the Financial Statements
for the period ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The principal activity of the company was that of property managing agents. The company ceased to trade on 31 August 2023.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company 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. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 222,2442,244
Disposals(2,244)(2,244)
Depreciation and impairment
At 01 April 222,1352,135
On disposals(2,135)(2,135)
Net book value
At 31 August 23--
At 31 March 22109109
7.Debtors

2023

2022

££
Trade debtors / trade receivables33260
Other debtors1,1601,160
Total1,1931,420
8.Creditors within one year

2023

2022

££
Taxation and social security114-
Other creditors5,7617,045
Total5,8757,045