Smart Property Education Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10466131

SMART PROPERTY EDUCATION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

SMART PROPERTY EDUCATION LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

SMART PROPERTY EDUCATION LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	K McDonnell

Registered office	85 Bridge Street
	Worksop
	Nottinghamshire
	S80 1DL

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

SMART PROPERTY EDUCATION LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	5	275,739	253,550
Investments	6	48,070	20,000
		-----------	-----------
		323,809	273,550

CURRENT ASSETS

Debtors	7	2,152,849	1,975,960
Cash at bank and in hand		68,131	59,508
		--------------	--------------
		2,220,980	2,035,468

CREDITORS: amounts falling due within one year	8	( 115,343)	( 85,511)
		--------------	--------------
NET CURRENT ASSETS		2,105,637	1,949,957
		--------------	--------------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,429,446	2,223,507

CREDITORS: amounts falling due after more than one year	9	( 22,122)	( 36,325)

PROVISIONS	( 68,934)	( 63,387)
	--------------	--------------
NET ASSETS	2,338,390	2,123,795
	--------------	--------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	2,338,290	2,123,695
	--------------	--------------
SHAREHOLDERS FUNDS	2,338,390	2,123,795
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

SMART PROPERTY EDUCATION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 November 2026 , and are signed on behalf of the board by:

K McDonnell
Director

Company registration number: 10466131

SMART PROPERTY EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Bridge Street, Worksop, S80 1DL, Nottinghamshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance

	Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2025	173,005	4,083	26,572	103,960	102,456	410,076
Additions	39,547	–	28,620	–	2,068	70,235
	-----------	--------	---------	-----------	-----------	-----------
At 31 Mar 2026	212,552	4,083	55,192	103,960	104,524	480,311
	-----------	--------	---------	-----------	-----------	-----------
Depreciation
At 1 Apr 2025	22,722	2,678	19,745	64,899	46,482	156,526
Charge for the year	21,255	281	6,983	7,812	11,715	48,046
	-----------	--------	---------	-----------	-----------	-----------
At 31 Mar 2026	43,977	2,959	26,728	72,711	58,197	204,572
	-----------	--------	---------	-----------	-----------	-----------
Carrying amount
At 31 Mar 2026	168,575	1,124	28,464	31,249	46,327	275,739
	-----------	--------	---------	-----------	-----------	-----------
At 31 Mar 2025	150,283	1,405	6,827	39,061	55,974	253,550
	-----------	--------	---------	-----------	-----------	-----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025	20,000
Additions	28,070
	---------
At 31 March 2026	48,070
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	48,070
	---------
At 31 March 2025	20,000
	---------

7. Debtors

	2026	2025
	£	£
Other debtors	2,152,849	1,975,960
	--------------	--------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,041	–
Corporation tax	70,860	46,521
Social security and other taxes	37,859	32,800
Other creditors	4,583	6,190
	-----------	---------
	115,343	85,511
	-----------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	22,122	36,325
	---------	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	24,000	24,000
Later than 1 year and not later than 5 years	96,000	96,000
Later than 5 years	66,000	90,000
	-----------	-----------
	186,000	210,000
	-----------	-----------

11. Director's advances, credits and guarantees

The following is a summary of the director's transactions with the company during the year: -


		£
	Amount advanced	236,360
	Interest charged	4,395
		-----------
	Balance due to the company as at 31 March 2026	240,755
		-----------

The above loan was repaid in full on 21 August 2026.