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REGISTERED NUMBER: OC390698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SMART IN CAPITAL LLP

SMART IN CAPITAL LLP (REGISTERED NUMBER: OC390698)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMART IN CAPITAL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DESIGNATED MEMBERS: M E Smith
Smart In Financial Ltd





REGISTERED OFFICE: 21-23 Croydon Road
Caterham
Surrey
CR3 6PA





REGISTERED NUMBER: OC390698 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

SMART IN CAPITAL LLP (REGISTERED NUMBER: OC390698)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 524
Investment property 5 7,291,885 9,457,492
7,291,885 9,458,016

CURRENT ASSETS
Debtors 6 1,961,144 50,421
Cash at bank 40,209 480,869
2,001,353 531,290
CREDITORS
Amounts falling due within one year 7 (11,718 ) (1,801 )
NET CURRENT ASSETS 1,989,635 529,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,281,520

9,987,505

CREDITORS
Amounts falling due after more than one
year

8

(6,000,000

)

(6,000,000

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,281,520

3,987,505

SMART IN CAPITAL LLP (REGISTERED NUMBER: OC390698)

BALANCE SHEET - continued
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

176,567

882,552

MEMBERS' OTHER INTERESTS
Capital accounts 3,104,953 3,104,953
3,281,520 3,987,505

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 176,567 882,552
Members' other interests 3,104,953 3,104,953
Amounts due from members 6 (3,768 ) -
3,277,752 3,987,505

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 January 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 November 2024 and were signed by:





M E Smith - Designated member

SMART IN CAPITAL LLP (REGISTERED NUMBER: OC390698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Smart In Capital LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 4,813
DEPRECIATION
At 1 February 2023 4,289
Charge for year 524
At 31 January 2024 4,813
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 524

SMART IN CAPITAL LLP (REGISTERED NUMBER: OC390698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 9,457,492
Disposals (2,165,607 )
At 31 January 2024 7,291,885
NET BOOK VALUE
At 31 January 2024 7,291,885
At 31 January 2023 9,457,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 29,869 13,621
Other debtors 1,931,275 36,800
1,961,144 50,421

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 11,718 1,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 6,000,000 6,000,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 6,000,000 6,000,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all other creditors.