Company registration number: 03408484
Annual report and unaudited financial statements
for the year ended 31 July 2025
for
Smart Hotels Limited
Pages for filing with the Registrar
Company registration number: 03408484
Smart Hotels Limited
Balance sheet
as at 31 July 2025
2025 2024
Note £ £ £ £
Tangible assets 4 - -
Current assets
Debtors 5 4,181,212 2,272,427
Cash at bank and in hand 2,437 -
4,183,649 2,272,427
Creditors: amounts falling due within one year
6 (4,876,270) (2,912,605)
Net current liabilities (692,621) (640,178)
Creditors: Amounts falling due after more than one year
7 (24,216) (29,627)
NET LIABILITIES (716,837) (669,805)
Capital and reserves
Called up share capital 100 100
Profit and loss account (716,937) (669,905)
TOTAL EQUITY (716,837) (669,805)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03408484
Smart Hotels Limited
Balance sheet - continued
as at 31 July 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 July 2026 and signed on its behalf by:
Mr C Papaloizou, Director Mr L Michaelides, Director
31 July 2026 31 July 2026
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Smart Hotels Limited
Notes to the financial statements
for the year ended 31 July 2025
1 Company information
Smart Hotels Limited is a private company registered in England and Wales. Its registered number is 03408484. The company is limited by shares. Its registered office is 18-20 Frognal, Hampstead, London, NW3 6AG.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 33% reducing balance
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Smart Hotels Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 3).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 August 2024 197,343
At 31 July 2025 197,343
Depreciation
At 1 August 2024 197,343
At 31 July 2025 197,343
Net book value
At 31 July 2025 -
At 31 July 2024 -
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Smart Hotels Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
5 Debtors
2025 2024
£ £
Trade debtors 1,838 6,952
Amounts owed by participating interests 3,902,695 1,502,737
Taxation 276,679 274,592
Other debtors - 488,146
4,181,212 2,272,427
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 6,321 25,291
Amounts owed to participating interests 4,842,067 2,865,900
Amounts owed to directors 23,217 -
Other creditors 2,403 10,861
Taxation 2,262 4,603
Social security and other tax - 5,950
4,876,270 2,912,605
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 24,216 29,627
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans - 29,627
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Smart Hotels Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
8 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024.
2025 2024
£ £
C Papaloizou
Balance outstanding at start of year 543,694 521,661
Amounts advanced - 22,033
Amounts repaid (543,694) -
Balance outstanding at end of year - 543,694
2025 2024
£ £
L Michaelides
Balance outstanding at start of year (55,549) 661,165
Amounts advanced 32,331 -
Amounts repaid - (716,714)
Balance outstanding at end of year (23,218) (55,549)
9 Share capital
Called up share capital Allotted, issued and fully paid 100 Ordinary £1 Shares £100 ( 2024-£100)

10 Related party transactions
During the year, the company engaged in transactions with several Related companies under common control and ownership. These transactions comprise working capital funding, which is unsecured, interest free and repayable on demand. The balances owed to and from these companies are shown as participating interest balances within debtors and creditors notes to the accounts.
11 Reserves
Profit and Loss account At 1 August 2024 £(669,805) Loss for the year £(47,032) At 31 July 2025 £(716,837)


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