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Company Registration No. 11585422 (England and Wales)
SMARTBUILT LIMITED Unaudited accounts for the year ended 30 September 2024
SMARTBUILT LIMITED Unaudited accounts Contents
Page
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SMARTBUILT LIMITED Company Information for the year ended 30 September 2024
Director
Juhi Agrawal
Company Number
11585422 (England and Wales)
Registered Office
39 PARKSIDE CRESCENT SURBITON KT5 9HT UNITED KINGDOM
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SMARTBUILT LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
639,661 
340,661 
Investments
50 
50 
639,711 
340,711 
Current assets
Debtors
1,315,450 
1,315,450 
Cash at bank and in hand
3,425 
82,477 
1,318,875 
1,397,927 
Creditors: amounts falling due within one year
(26,036)
(25,360)
Net current assets
1,292,839 
1,372,567 
Total assets less current liabilities
1,932,550 
1,713,278 
Creditors: amounts falling due after more than one year
(1,933,196)
(1,701,673)
Net (liabilities)/assets
(646)
11,605 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(746)
11,505 
Shareholders' funds
(646)
11,605 
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 6 May 2025 and were signed on its behalf by
Juhi Agrawal Director Company Registration No. 11585422
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SMARTBUILT LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SMARTBUILT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11585422. The registered office is 39 PARKSIDE CRESCENT, SURBITON, KT5 9HT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of property development and rental income.
Investment property
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.
Deferred taxation
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.
Taxation
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.
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SMARTBUILT LIMITED Notes to the Accounts for the year ended 30 September 2024
Investments
Investments in shares are included at fair value.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
340,661 
Additions
299,000 
At 30 September 2024
639,661 
The property was revalued by the director and they estimate the valuation at 30th September 2023 as above at a cost of £340,661 (2022 - £340,661).
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
50 
Valuation at 30 September 2024
50 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,315,450 
1,315,450 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
86 
- 
Other creditors
25,000 
25,000 
Loans from directors
950 
360 
26,036 
25,360 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
218,146 
218,146 
Other creditors
1,567,550 
1,336,027 
Loans from directors
147,500 
147,500 
1,933,196 
1,701,673 
The bank loan is secured by a charge over the company's assets of 11 Audley Court, 18 The Avenue, Surbiton, KT5 8JH
9
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 Mrs Agrawal £147,500 (2023 - £147,500) At the Balance sheet date, the company was owed £212,500 (2023-£212,500) by Smart Prolet Limited, a company which Mrs Agrawal is the sole director and shareholder.
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SMARTBUILT LIMITED Notes to the Accounts for the year ended 30 September 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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