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REGISTERED NUMBER: 08966853 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Smart Island Developments Ltd

Smart Island Developments Ltd (Registered number: 08966853)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smart Island Developments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C J Iley
Mr M Yates
Mrs J A Iley



SECRETARY:



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 08966853 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: Nationwide Building Society

Smart Island Developments Ltd (Registered number: 08966853)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 525,000 525,000

CURRENT ASSETS
Debtors 5 1,106 856
Prepayments and accrued income (4,334 ) -
Cash at bank and in hand 5,829 3,269
2,601 4,125
CREDITORS
Amounts falling due within one year 6 585,305 576,744
NET CURRENT LIABILITIES (582,704 ) (572,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,704

)

(47,619

)

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings (57,808 ) (47,723 )
SHAREHOLDERS' FUNDS (57,704 ) (47,619 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Smart Island Developments Ltd (Registered number: 08966853)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr C J Iley - Director


Smart Island Developments Ltd (Registered number: 08966853)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Smart Island Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 525,000
NET BOOK VALUE
At 31 March 2024 525,000
At 31 March 2023 525,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,106 856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 585,305 576,744