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REGISTERED NUMBER: 04122450 (England and Wales)






























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: Mr JG Lawson
Ms EM Sawford


REGISTERED OFFICE: Unit 10
Deptford Trading Estate
Blackhorse Road
London
SE8 5HY


REGISTERED NUMBER: 04122450 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Westleigh Scales FCA FMAAT


AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU


BANKERS: Lloyds Bank Plc
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 4,287,554 1,848,987
Cash at bank 100,988 99,537
4,388,542 1,948,524
CREDITORS
Amounts falling due within one year 6 4,708,312 2,776,243
NET CURRENT LIABILITIES (319,770 ) (827,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(319,770

)

(827,719

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 700 700
Retained earnings (321,470 ) (829,419 )
SHAREHOLDERS' FUNDS (319,770 ) (827,719 )

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 19 May 2025 and were signed on its behalf by:




Mr JG Lawson - Director



Ms EM Sawford - Director


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 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. 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.

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 196,362 198,362
Amounts owed by group undertakings 3,930,937 1,452,343
Other debtors 160,255 198,282
4,287,554 1,848,987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,014,896 971,107
Amounts owed to group undertakings 2,336,495 1,328,330
Taxation and social security 261,411 444,587
Other creditors 95,510 32,219
4,708,312 2,776,243

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

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.