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REGISTERED NUMBER: 11702628 (England and Wales)















SMART INVEST PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023






SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMART INVEST PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr M Czapla





SECRETARY:





REGISTERED OFFICE: Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP





REGISTERED NUMBER: 11702628 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,891 72,891
Investment property 5 1,280,297 1,280,297
1,353,188 1,353,188

CURRENT ASSETS
Cash at bank and in hand 4,228 4,927

CREDITORS
Amounts falling due within one year 6 43,261 36,215
NET CURRENT LIABILITIES (39,033 ) (31,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,314,155

1,321,900

CREDITORS
Amounts falling due after more than one year 7 1,253,897 1,256,397
NET ASSETS 60,258 65,503

CAPITAL AND RESERVES
Called up share capital 9 100 -
Retained earnings 10 60,158 65,503
SHAREHOLDERS' FUNDS 60,258 65,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





Mr M Czapla - Director


SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Smart Invest Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 December 2022
and 30 November 2023 72,891
NET BOOK VALUE
At 30 November 2023 72,891
At 30 November 2022 72,891

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,280,297
NET BOOK VALUE
At 30 November 2023 1,280,297
At 30 November 2022 1,280,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax payable 9,822 9,822
Directors' current accounts 32,576 25,550
Accrued expenses 863 843
43,261 36,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 8) 887,201 782,201
Amounts owed to participating interests 366,696 474,196
1,253,897 1,256,397

SMART INVEST PROPERTIES LTD (REGISTERED NUMBER: 11702628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 887,201 782,201

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 -

10. RESERVES
Retained
earnings
£   

At 1 December 2022 65,503
Deficit for the year (5,345 )
At 30 November 2023 60,158