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Registration number: 11059062

Go Smart Property Ltd

trading as Airhost Agency

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Go Smart Property Ltd

trading as Airhost Agency

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Go Smart Property Ltd

trading as Airhost Agency

Company Information

Director

Mrs Rodica Stratan

Registered office

01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Go Smart Property Ltd

trading as Airhost Agency

(Registration number: 11059062)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

108,205

37,536

Current assets

 

Debtors

6

111,558

113,394

Cash at bank and in hand

 

62,767

160,357

 

174,325

273,751

Creditors: Amounts falling due within one year

7

(124,005)

(99,998)

Net current assets

 

50,320

173,753

Total assets less current liabilities

 

158,525

211,289

Creditors: Amounts falling due after more than one year

7

(106,024)

(42,536)

Net assets

 

52,501

168,753

Capital and reserves

 

Called up share capital

100

100

Retained earnings

52,401

168,653

Shareholders' funds

 

52,501

168,753

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 August 2024
 

.........................................
Mrs Rodica Stratan
Director

 

Go Smart Property Ltd

trading as Airhost Agency

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Go Smart Property Ltd

trading as Airhost Agency

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Straight line

Office equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Go Smart Property Ltd

trading as Airhost Agency

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

29,496

17,399

 

Go Smart Property Ltd

trading as Airhost Agency

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

76,001

-

76,001

Additions

15,292

84,875

100,167

At 30 November 2023

91,293

84,875

176,168

Depreciation

At 1 December 2022

38,465

-

38,465

Charge for the year

18,372

11,126

29,498

At 30 November 2023

56,837

11,126

67,963

Carrying amount

At 30 November 2023

34,456

73,749

108,205

At 30 November 2022

37,536

-

37,536

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

31,852

22,748

Prepayments

 

9,456

12,457

Other debtors

 

70,250

78,189

   

111,558

113,394

7

Creditors

Creditors: amounts falling due within one year

 

Go Smart Property Ltd

trading as Airhost Agency

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

7

Creditors (continued)

2023
£

2022
£

Due within one year

Trade creditors

9,760

9,737

Taxation and social security

43,671

13,241

Accruals and deferred income

5,601

1,504

Other creditors

64,973

75,516

124,005

99,998

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

106,024

42,536