2022-04-14 2023-04-30 false No description of principal activity Capium Accounts Production 1.1 14047899 bus:FullAccounts 2022-04-14 2023-04-30 14047899 bus:Micro-entities 2022-04-14 2023-04-30 14047899 bus:AuditExempt-NoAccountantsReport 2022-04-14 2023-04-30 14047899 bus:SmallCompaniesRegimeForAccounts 2022-04-14 2023-04-30 14047899 bus:PrivateLimitedCompanyLtd 2022-04-14 2023-04-30 14047899 2022-04-14 2023-04-30 14047899 2023-04-30 14047899 bus:RegisteredOffice 2022-04-14 2023-04-30 14047899 core:WithinOneYear 2023-04-30 14047899 core:AfterOneYear 2023-04-30 14047899 bus:Director1 2022-04-14 2023-04-30 14047899 bus:Director1 2023-04-30 14047899 bus:Director2 2022-04-14 2023-04-30 14047899 bus:Director2 2023-04-30 14047899 2021-04-14 14047899 bus:CompanySecretary1 2022-04-14 2023-04-30 14047899 bus:LeadAgentIfApplicable 2022-04-14 2023-04-30 14047899 2022-04-13 14047899 core:LandBuildings 2022-04-14 2023-04-30 14047899 core:LandBuildings 2023-04-30 14047899 core:LandBuildings 2022-04-13 14047899 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-04-30 14047899 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-04-13 14047899 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 14047899 core:CostValuation core:Non-currentFinancialInstruments 2022-04-13 14047899 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-04-30 14047899 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-30 14047899 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-30 14047899 core:Non-currentFinancialInstruments 2023-04-30 14047899 core:Non-currentFinancialInstruments 2022-04-13 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 14047899
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 30 April 2023

for

SMITH & JAMES PROPERTY LTD

Directors Esther James
Claire Smith
Registered Number 14047899
Registered Office 62 Norwich Street
Dereham
NR19 1AD
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2023
    £ £
Fixed assets   352,663 
Current assets 2,861   
Net current assets   2,861 
Total assets less current liabilities   355,524 
Creditors: amount falling due after more than one year   (359,442)
Net liabilities   (3,918)
 

     
Capital and reserves   (3,918)
 
NOTES TO THE ACCOUNTS

General Information
Smith & James Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14047899, registration address 62 Norwich Street, Dereham, NR19 1AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 2.

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2023
£
2023
£
Art Academy East Ltd(116,222)


For the period ended 30 April 2023 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 period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 January 2024 and were signed on its behalf by:


--------------------------------
Esther James
Director
2