Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01false00true 08894081 2022-01-01 2022-12-31 08894081 2021-01-01 2021-12-31 08894081 2022-12-31 08894081 2021-12-31 08894081 2021-01-01 08894081 1 2022-01-01 2022-12-31 08894081 d:Director1 2022-01-01 2022-12-31 08894081 e:LeaseholdInvestmentProperty 2022-12-31 08894081 e:LeaseholdInvestmentProperty 2021-12-31 08894081 e:LeaseholdInvestmentProperty 2 2022-01-01 2022-12-31 08894081 e:CurrentFinancialInstruments 2022-12-31 08894081 e:CurrentFinancialInstruments 2021-12-31 08894081 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 08894081 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 08894081 e:ShareCapital 2022-01-01 2022-12-31 08894081 e:ShareCapital 2022-12-31 08894081 e:ShareCapital 2021-01-01 2021-12-31 08894081 e:ShareCapital 2021-12-31 08894081 e:ShareCapital 2021-01-01 08894081 e:InvestmentPropertiesRevaluationReserve 2022-01-01 2022-12-31 08894081 e:InvestmentPropertiesRevaluationReserve 2022-12-31 08894081 e:InvestmentPropertiesRevaluationReserve 1 2022-01-01 2022-12-31 08894081 e:InvestmentPropertiesRevaluationReserve 2021-01-01 2021-12-31 08894081 e:InvestmentPropertiesRevaluationReserve 2021-12-31 08894081 e:InvestmentPropertiesRevaluationReserve 2021-01-01 08894081 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08894081 e:RetainedEarningsAccumulatedLosses 2022-12-31 08894081 e:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 08894081 e:RetainedEarningsAccumulatedLosses 2021-12-31 08894081 e:RetainedEarningsAccumulatedLosses 2021-01-01 08894081 e:OtherDeferredTax 2022-12-31 08894081 e:OtherDeferredTax 2021-12-31 08894081 d:FRS102 2022-01-01 2022-12-31 08894081 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08894081 d:FullAccounts 2022-01-01 2022-12-31 08894081 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure


Registered number: 08894081












SMART APARTMENT (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


 
REGISTERED NUMBER:08894081
SMART APARTMENT (UK) LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
900,000
810,000

  
900,000
810,000

  

Creditors: amounts falling due within one year
 5 
(828,559)
(816,880)

Net current liabilities
  
 
 
(828,559)
 
 
(816,880)

Total assets less current liabilities
  
71,441
(6,880)

Provisions for liabilities
  

Deferred tax
  
(22,500)
-

  
 
 
(22,500)
 
 
-

Net assets/(liabilities)
  
48,941
(6,880)


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
 7 
67,500
-

Profit and loss account
 7 
(18,659)
(6,980)

  
48,941
(6,880)


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 by: 

D B Stowell
Director

Date: 6 February 2024

The notes on pages 4 to 6 form part of these financial statements.
Page 1


 
REGISTERED NUMBER:08894081
SMART APARTMENT (UK) LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


Page 2

 

SMART APARTMENT (UK) LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2021
100
-
(3,415)
(3,315)


Comprehensive income for the year

Loss for the year
-
-
(3,565)
(3,565)
Total comprehensive income for the year
-
-
(3,565)
(3,565)



At 1 January 2022
100
-
(6,980)
(6,880)


Comprehensive income for the year

Profit for the year
-
-
55,821
55,821
Total comprehensive income for the year
-
-
55,821
55,821

Transfer to investment property revaluation reserve
-
-
(67,500)
(67,500)

Fair value movement net of deferred tax
-
67,500
-
67,500


Total transactions with owners
-
67,500
(67,500)
-


At 31 December 2022
100
67,500
(18,659)
48,941


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 

SMART APARTMENT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Smart Apartment (UK) Limited is a private company limited by shares incorporated in England. Its registered office is c/o Smart Design, 141-145 Curtain Road, Fourth Floor, London, EC2A 3BX. 
The financial statements are presented in Sterling (£).

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss account. 

Page 4

 

SMART APARTMENT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2021 - 0).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2022
810,000


Surplus on revaluation
90,000



At 31 December 2022
900,000

The 2022 valuations were made by the director, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
825,409
813,730

Accruals and deferred income
3,150
3,150

828,559
816,880



6.


Deferred taxation




2022


£






Charged to profit or loss
(22,500)



At end of year
(22,500)

Page 5

 

SMART APARTMENT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
 
6.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2022
2021
£
£


Investment property revaluation
(22,500)
-

(22,500)
-


7.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve relates to the fair value movements on the company's investment property, net of deferred tax.

 
Page 6