REGISTERED NUMBER: 04122450 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SMART HOSPITALITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

CURRENT ASSETS

Debtors

5

4,396,608

4,287,554

Cash at bank

54,900

100,988

4,451,508

4,388,542

CREDITORS

Amounts falling due within one year

6

3,671,930

4,708,312

NET CURRENT ASSETS/(LIABILITIES)

779,578

(319,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

779,578

(319,770

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

700

700

Retained earnings

777,878

(321,470

)

SHAREHOLDERS' FUNDS

779,578

(319,770

)

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 26 May 2026 and were signed on its behalf by:

Mr JG Lawson - Director

Ms EM Sawford - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 September 2024

and 31 August 2025

80,000

PROVISIONS

At 1 September 2024

and 31 August 2025

80,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

This relates to an investment in Harlequin Event Management Limited.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

177,038

196,362

Amounts owed by group undertakings

4,042,534

3,930,937

Other debtors

177,036

160,255

4,396,608

4,287,554

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

627,622

2,014,896

Amounts owed to group undertakings

2,742,224

2,336,495

Taxation and social security

237,399

261,411

Other creditors

64,685

95,510

3,671,930

4,708,312

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

8.	CONTINGENT LIABILITIES

The company is entered into an omnibus guarantee and set-off agreement with other group companies in respect of any debts owed to Lloyds Bank plc. The maximum liability under the guarantee is £175,000 (2024: £325,000). No provision has been recognised as the directors consider the likelihood of the guarantee being called to be remote.

9.	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 £Nil (2024: £1,510,135) 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 £654,231 (2024: £432,836) 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.

10.	ULTIMATE PARENT COMPANY

The immediate parent company is Smart Catering Division Limited, incorporated in England, who are owned 100% by Smart (Group) Limited, incorporated in England, who were also the ultimate parent company up to 29 October 2024.

During the year the group underwent a restructuring process, therefore as of 29 October 2024 the company regards Smart Topco 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.