Company Registration No. 13269422 (England and Wales)
Smart Investment Network Ltd
Unaudited accounts
for the year ended 31 March 2024
Smart Investment Network Ltd
Unaudited accounts
Contents
Smart Investment Network Ltd
Company Information
for the year ended 31 March 2024
Company Number
13269422 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
United Kingdom
Smart Investment Network Ltd
Statement of financial position
as at 31 March 2024
Investment property
120,351
-
Cash at bank and in hand
647,717
744,491
Creditors: amounts falling due within one year
(94,112)
(2,503)
Net current assets
851,966
964,159
Total assets less current liabilities
972,317
964,159
Creditors: amounts falling due after more than one year
(1,037,743)
(1,007,517)
Net liabilities
(65,426)
(43,358)
Called up share capital
1
1
Profit and loss account
(65,427)
(43,359)
Shareholders' funds
(65,426)
(43,358)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2025 and were signed on its behalf by
Muhammad Talha
Director
Company Registration No. 13269422
Smart Investment Network Ltd
Notes to the Accounts
for the year ended 31 March 2024
Smart Investment Network Ltd is a private company, limited by shares, registered in England and Wales, registration number 13269422. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company’s investment property is measured at fair value in accordance with FRS 102, Section 16 – Investment Property. Fair value is determined at each reporting date based on the most recent market evidence available from independent valuers or other reliable sources. Changes in fair value are recognized in the Statement of Comprehensive Income.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
As at 31 March 2024, the fair value of the investment property was £120,351 based on a director’s assessment using market data and comparable sales evidence.
The directors confirm that there were no material changes in the property’s condition or market conditions that would significantly affect its valuation as at the reporting date.
Amounts falling due within one year
Other debtors
298,361
222,171
Smart Investment Network Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
93,632
1,543
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,037,743
1,007,517
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).