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REGISTERED NUMBER: 10155276 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SMARTER HOMES LONDON LIMITED

SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMARTER HOMES LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S C Taylor
Mrs H A F McArthur





REGISTERED OFFICE: 12
Keswick Road
Putney
London
SW15 2JN





REGISTERED NUMBER: 10155276 (England and Wales)





ACCOUNTANTS: TaxAgility Limited
34 Lower Richmond Road
Putney
London
SW15 1JP

SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 1,650,000 1,650,000
1,650,000 1,650,000

CURRENT ASSETS
Debtors 6 593 8,993
Cash at bank 12,901 37,335
13,494 46,328
CREDITORS
Amounts falling due within one year 7 (1,197,578 ) (1,243,676 )
NET CURRENT LIABILITIES (1,184,084 ) (1,197,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,916

452,652

CREDITORS
Amounts falling due after more than one
year

8

(350,085

)

(350,085

)

PROVISIONS FOR LIABILITIES (1,176 ) (1,176 )
NET ASSETS 114,655 101,391

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 114,555 101,291
SHAREHOLDERS' FUNDS 114,655 101,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)

BALANCE SHEET - continued
30 APRIL 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 24 December 2024 and were signed on its behalf by:




Mr S C Taylor - Director



Mrs H A F McArthur - Director


SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Smarter Homes London Limited 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 as modified by the revaluation of certain assets.

Turnover
The company's turnover comprises rental income from tenants of its residential properties and it is recognised on an accruals basis. Rental income received in advance is deferred in the balance sheet and recognised as it is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 1,794
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,794
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,650,000
NET BOOK VALUE
At 30 April 2024 1,650,000
At 30 April 2023 1,650,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 1,650,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 593 8,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,580 21,591
Other creditors 1,193,998 1,222,085
1,197,578 1,243,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 350,085 350,085

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 350,085 350,085

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
200 Ordinary 0.10 20 20
200 Ordinary A 0.10 20 20
600 Ordinary B 0.10 60 60
100 100

SMARTER HOMES LONDON LIMITED (REGISTERED NUMBER: 10155276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. RESERVES
Retained
earnings
£   

At 1 May 2023 101,291
Profit for the year 15,264
Dividends (2,000 )
At 30 April 2024 114,555

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr S C Taylor
Balance outstanding at start of year (1,212,315 ) (1,220,372 )
Amounts advanced 26,086 8,057
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,186,229 ) (1,212,315 )

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S C Taylor and Mrs H A F McArthur who each own 50% of the share capital of the company.