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REGISTERED NUMBER: 09852284 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

UNITED SMART LTD

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UNITED SMART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTOR: Mr Carlo Antoniazzi





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 09852284 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

ABRIDGED BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,475 17,453
Investments 6 120,150 120,150
137,625 137,603

CURRENT ASSETS
Debtors 793,187 793,187
Cash at bank 119,806 113,408
912,993 906,595
CREDITORS
Amounts falling due within one year 29,491 30,172
NET CURRENT ASSETS 883,502 876,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,021,127

1,014,026

CAPITAL AND RESERVES
Called up share capital 7 3,100 3,100
Share premium 8 10,000 10,000
Retained earnings 8 1,008,027 1,000,926
SHAREHOLDERS' FUNDS 1,021,127 1,014,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

ABRIDGED BALANCE SHEET - continued
30 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





Mr Carlo Antoniazzi - Director


UNITED SMART LTD (REGISTERED NUMBER: 09852284)

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


1. STATUTORY INFORMATION

United Smart 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about United Smart Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 March 2023 18,300
Additions 598
At 30 March 2024 18,898
DEPRECIATION
At 31 March 2023 847
Charge for year 576
At 30 March 2024 1,423
NET BOOK VALUE
At 30 March 2024 17,475
At 30 March 2023 17,453

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 31 March 2023
and 30 March 2024 120,150
NET BOOK VALUE
At 30 March 2024 120,150
At 30 March 2023 120,150

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

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


6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Techinvest SRL
Registered office: Via Tagliamento 31, Roma 00198, Italy
Nature of business: Alternative energy
%
Class of shares: holding
Ordinary 100.00

Unatlantic Inc.
Registered office: 18628 SW 50th Court, Miramar, Florida 33029, U.S.A.
Nature of business: Real estate investment
%
Class of shares: holding
Ordinary 100.00

The company also has investments in the following unlisted entities:


Name of entity

Registered office

Nature of business
Class of
shares
%
holding
BUI LDA Mozambique Support services to energy companies Ordinary 11.00


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,100 Ordinary £1 3,100 3,100

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 31 March 2023 1,000,926 10,000 1,010,926
Profit for the year 68,101 68,101
Dividends (61,000 ) (61,000 )
At 30 March 2024 1,008,027 10,000 1,018,027

On 12 December 2022, the company undertook a reduction of the share premium account by the allocation of the sum of £1,125,033 to the distributable reserves of the company by way of a special resolution.

UNITED SMART LTD (REGISTERED NUMBER: 09852284)

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


9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Carlo Antoniazzi.

He holds all 100% of the issued share capital of the company.