Company Registration No. 14343193 (England and Wales)
Smart Prolet Ltd
Unaudited accounts
for the year ended 30 September 2024
Smart Prolet Ltd
Unaudited accounts
Contents
Smart Prolet Ltd
Company Information
for the year ended 30 September 2024
Company Number
14343193 (England and Wales)
Registered Office
39 Parkside Crescent
Surbiton
Surrey
KT5 9HT
England
Smart Prolet Ltd
Statement of financial position
as at 30 September 2024
Investment property
388,000
388,000
Cash at bank and in hand
24,108
27,365
Net current assets
24,108
27,365
Total assets less current liabilities
412,108
415,365
Creditors: amounts falling due after more than one year
(416,550)
(416,550)
Net liabilities
(4,442)
(1,185)
Called up share capital
100
100
Profit and loss account
(4,542)
(1,285)
Shareholders' funds
(4,442)
(1,185)
For the year ending 30 September 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 her 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 30 May 2025 and were signed on its behalf by
Juhi Agrawal
Director
Company Registration No. 14343193
Smart Prolet Ltd
Notes to the Accounts
for the year ended 30 September 2024
Smart Prolet Ltd is a private company, limited by shares, registered in England and Wales, registration number 14343193. The registered office is 39 Parkside Crescent, Surbiton, Surrey, KT5 9HT, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. Turnover from rental income.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Smart Prolet Ltd
Notes to the Accounts
for the year ended 30 September 2024
At the balance sheet date, the company's liabilities exceeded its assets by £4,442 (2023- £1,185). The company continues to obtain rental income and the directors are confident of a return to solvency in the foreseeable future. In the circumstances, these financial statements have been prepared on a going concern basis.
Fair value at 1 October 2023
388,000
At 30 September 2024
388,000
The property was revalued by the director and they estimate the valuation at 30th September 2023 as above at a cost of £388,000.
The bank loan is secured by a charge over the company's assets of 3 Beech Court, Lovelace Road, Surbiton, KT6 6NL.
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
204,050
204,050
Other creditors
212,500
212,500
7
Transactions with related parties
Mrs Agrawal is the sole director of the company and own 100% of the issued share capital of the company.
At the balance sheet date, the company owed Smartbuilt Limited £212,500 (2023-£212,500) a company that Mrs Agrawal is a sole director and shareholder
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).