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Registered number: 14171631
Smart Properties EA Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Mr Anthony Sanders
Mrs Sian Sanders
Company Number 14171631
Registered Office 24 Le Strange Close
Norwich
NR2 3PW
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
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Directors' Report
The directors present their report and the financial statements for the year ended 30 June 2024.
Principal Activity
The company's principal activity continues to be that of the letting of its own real estate.
Directors
The directors who held office during the year were as follows:
Mr Anthony Sanders
Mrs Sian Sanders
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Sian Sanders
Director
18/03/2025
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Accountant's Report
Report of the Accountant to the directors of Smart Properties EA Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Edward Clarke, BSc (Hons), MAAT
18/03/2025
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
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Statement of Income and Retained Earnings
30 June 2024 30 June 2023
Notes £ £
TURNOVER 10,811 -
GROSS PROFIT 10,811 -
Administrative expenses (1,704 ) (9,707 )
OPERATING PROFIT/(LOSS) 9,107 (9,707 )
Other interest receivable and similar income 648 -
Interest payable and similar charges (12,519 ) (15,104 )
LOSS FOR THE FINANCIAL YEAR (2,764 ) (24,811 )
RETAINED EARNINGS
As at 1 July 2023 (24,811 ) -
As at 30 June 2024 (27,575 ) (24,811 )
The notes on pages 6 to 7 form part of these financial statements.
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Balance Sheet
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,747 199,747
199,747 199,747
CURRENT ASSETS
Cash at bank and in hand 35,069 32,480
35,069 32,480
Creditors: Amounts Falling Due Within One Year 5 (124,286 ) (120,494 )
NET CURRENT ASSETS (LIABILITIES) (89,217 ) (88,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES 110,530 111,733
Creditors: Amounts Falling Due After More Than One Year 6 (138,104 ) (136,543 )
NET LIABILITIES (27,574 ) (24,810 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (27,575 ) (24,811 )
SHAREHOLDERS' FUNDS (27,574) (24,810)
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Sian Sanders
Director
18/03/2025
The notes on pages 6 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Smart Properties EA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14171631 . The registered office is 24 Le Strange Close, Norwich, NR2 3PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 July 2023 199,747
As at 30 June 2024 199,747
Net Book Value
As at 30 June 2024 199,747
As at 1 July 2023 199,747
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5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 331 693
Mortgage due within one year 7,914 9,475
Amounts owed to parent undertaking 116,041 110,326
124,286 120,494
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Mortgage 138,104 136,543
7. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Smart Holdings EA Ltd incorporated in England and Wales. Copies of the group accounts may be obtained from the directors, 24 Le Strange Close, Norwich, NR2 3PW.  
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