Registered number
13182816
SMART URBAN PROPERTIES LTD
Filleted Accounts
29 February 2024
SMART URBAN PROPERTIES LTD
Registered number: 13182816
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 493 106,849
Creditors: amounts falling due within one year 3 8,248 (89,502)
Net current assets 8,741 17,347
Net assets 8,741 17,347
Capital and reserves
Called up share capital 2 2
Profit and loss account 8,739 17,345
Shareholders' funds 8,741 17,347
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Milena Todorova Sealtiel
Director
Approved by the board on 7 November 2024
SMART URBAN PROPERTIES LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
There was no turnover in this accounting period.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 2
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 4,069
Other creditors (8,248) 85,433
(8,248) 89,502
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Directors loan (83,051) 105,000 (13,101) 8,848
(83,051) 105,000 (13,101) 8,848
5 Controlling party
The company is controlled equally by the two directors Mr & Mrs Sealtiel.
6 Other information
SMART URBAN PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
11 Woodford avenue
Gants Hill
Ilford
IG2 6UF
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