2022-10-012024-03-312024-03-31false11589174SMUGGLERS PROPERTY GROUP 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SMUGGLERS PROPERTY GROUP LTD

Registered Number
11589174
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

SMUGGLERS PROPERTY GROUP LTD
Company Information
for the period from 1 October 2022 to 31 March 2024

Directors

DUNN, Mark
STENTIFORD, Nicholas Martin

Registered Address

Pellew Arcade
5 & 7 Teign Street
Teignmouth
TQ14 8EB

Registered Number

11589174 (England and Wales)
SMUGGLERS PROPERTY GROUP LTD
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

30 Sep 2022

£

£

£

£

Current assets
Debtors3,425,15936,504
Cash at bank and on hand7401,322
25,89937,826
Creditors amounts falling due within one year5(20,300)(20,300)
Net current assets (liabilities)5,59917,526
Total assets less current liabilities5,59917,526
Creditors amounts falling due after one year6(33,623)(41,986)
Net assets(28,024)(24,460)
Capital and reserves
Called up share capital100100
Profit and loss account(28,124)(24,560)
Shareholders' funds(28,024)(24,460)
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
DUNN, Mark
Director
STENTIFORD, Nicholas Martin
Director

Registered Company No. 11589174
SMUGGLERS PROPERTY GROUP LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242022
Average number of employees during the year22
3.Debtors: amounts due within one year

2024

2022

££
Trade debtors / trade receivables25,15936,504
Total25,15936,504
4.Debtors: amounts due after one year
5.Creditors: amounts due within one year

2024

2022

££
Trade creditors / trade payables20,00020,000
Accrued liabilities and deferred income300300
Total20,30020,300
6.Creditors: amounts due after one year

2024

2022

££
Bank borrowings and overdrafts33,62341,986
Total33,62341,986