Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-312022-08-011falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10885963 2022-08-01 2023-10-31 10885963 2021-08-01 2022-07-31 10885963 2023-10-31 10885963 2022-07-31 10885963 c:Director1 2022-08-01 2023-10-31 10885963 d:FurnitureFittings 2022-08-01 2023-10-31 10885963 d:CurrentFinancialInstruments 2023-10-31 10885963 d:CurrentFinancialInstruments 2022-07-31 10885963 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10885963 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10885963 d:ShareCapital 2023-10-31 10885963 d:ShareCapital 2022-07-31 10885963 d:RetainedEarningsAccumulatedLosses 2023-10-31 10885963 d:RetainedEarningsAccumulatedLosses 2022-07-31 10885963 c:FRS102 2022-08-01 2023-10-31 10885963 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-10-31 10885963 c:FullAccounts 2022-08-01 2023-10-31 10885963 c:PrivateLimitedCompanyLtd 2022-08-01 2023-10-31 10885963 4 2022-08-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 10885963









SMA HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
SMA HOMES LIMITED
REGISTERED NUMBER: 10885963

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October
31 July
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
3,851

Cash at bank and in hand
 5 
654
134,195

  
754
138,046

Creditors: amounts falling due within one year
 6 
(654)
(44,479)

Net current assets
  
 
 
100
 
 
93,567

Total assets less current liabilities
  
100
93,567

  

Net assets
  
100
93,567


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
93,467

  
100
93,567


Page 1

 
SMA HOMES LIMITED
REGISTERED NUMBER: 10885963
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 statement of income and retained earnings 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: 



A Stephens
Director
Date: 13 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SMA HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

SMA Homes Limited ("the company") is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is:
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX
The financial statements are for the period ended 31 October 2023 (2022: year ended 31 July 2022).

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

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover relates to rent receivable and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 
SMA HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment
-
20%

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
SMA HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 5

 
SMA HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Debtors

31 October
31 July
2023
2022
£
£


Trade debtors
-
3,851

Other debtors
100
-

100
3,851



5.


Cash and cash equivalents

31 October
31 July
2023
2022
£
£

Cash at bank and in hand
654
134,195

654
134,195



6.


Creditors: Amounts falling due within one year

31 October
31 July
2023
2022
£
£

Corporation tax
-
39,500

Other creditors
-
3,004

Accruals and deferred income
654
1,975

654
44,479


 
Page 6