| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| SMART HOSPITALITY LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| SMART HOSPITALITY LIMITED |
| SMART HOSPITALITY LIMITED (REGISTERED NUMBER: 04122450) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| SMART HOSPITALITY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| and Statutory Auditors |
| Granville Hall |
| Granville Road |
| Leicester |
| LE1 7RU |
| BANKERS: |
| 28 Secklow Gate West |
| Milton Keynes |
| MK9 3EH |
| SMART HOSPITALITY LIMITED (REGISTERED NUMBER: 04122450) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SMART HOSPITALITY LIMITED (REGISTERED NUMBER: 04122450) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Smart Hospitality Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial forecasts prepared by the directors show that the company will be able to operate within the facilities available. On that basis the directors have prepared these financial statements on a going concern basis. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the date events are held. Income and deposits received for events held after the year end are included as deferred income. |
| 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. |
| Investments |
| Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment. |
| Going concern |
| As explained in the report of Directors these financial statements have been prepared on the going concern basis. |
| As at 31 August 2024 the liabilities exceed the assets by £319,770 and there are net current liabilities of £319,770. The directors have provided confirmation that the group companies will provide additional support to meet any immediate cashflow requirement of the company. |
| SMART HOSPITALITY LIMITED (REGISTERED NUMBER: 04122450) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Interest |
| in other |
| participating |
| interests |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 | 80,000 |
| PROVISIONS |
| At 1 September 2023 |
| and 31 August 2024 | 80,000 |
| NET BOOK VALUE |
| At 31 August 2024 | - |
| At 31 August 2023 | - |
| This relates to an investment in Harlequin Event Management Limited. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| SMART HOSPITALITY LIMITED (REGISTERED NUMBER: 04122450) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| 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. |
| At the year end the company owed £1,510,135 (2023: £190,135) to Battersea Evolution Limited. |
| Mr JG Lawson and Ms EM Sawford, directors, are also directors of Battersea Evolution Limited. |
| Battersea Evolution Limited is 50% owned by Smart (Group) Limited. |
| At the year end the company owed £432,836 (2023: £83,560) to The Last Supper UK Limited. |
| Mr JG Lawson and Ms EM Sawford, directors, are also directors of The Last Supper UK Limited. |
| The Last Supper UK Limited is 75% owned by Smart (Group) Limited. |
| 9. | ULTIMATE PARENT COMPANY |
| As of 31st August 2024 the company regarded Smart (Group) Limited, incorporated in England, as its ultimate parent company and controlling party. |
| The group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ. |
| Following the year end the group underwent a restructuring process, therefore as of 29th October 2024 the company regards Smart Topco Limited, incorporated in England, as its ultimate parent company and controlling party. |