Smart Experiences Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08853315 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 MARCH 2019 TO 31 AUGUST 2020

FOR

SMART EXPERIENCES 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:

08853315 (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

227

531,249

Cash at bank

247

10,928

474

542,177

CREDITORS

Amounts falling due within one year

6

374

542,077

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

7

100

SHAREHOLDERS' FUNDS

100

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 15 April 2021 and were signed on its behalf by:

Mr JG Lawson - Director

Ms EM Sawford - Director

1.	STATUTORY INFORMATION

Smart Experiences 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.

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.

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 period 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.

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 period was NIL (2019 - NIL).

4.	AUDITORS' REMUNERATION

Period

1.3.19

to

Year Ended

31.8.20

28.2.19

£

Fees payable to the company's auditors for the audit of the company's
financial statements

-

1,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Trade debtors

-

24,754

Amounts owed by group undertakings

-

484,024

Other debtors

227

22,471

227

531,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Trade creditors

-

234

Amounts owed to group undertakings

374

529,781

Other creditors

-

12,062

374

542,077

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

75

Ordinary A

£1

75

25

Ordinary B

£1

25

100

8.	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

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 £Nil (2019: £9,917) was owed by Battersea Evolution Limited to Smart Experiences Limited.

At the year end £374 (2019: £30,374) was owed to Smart Live Limited by Smart Experiences Limited.

Mr JG Lawson and Ms EM Sawford, directors, are also directors of Battersea Evolution Limited and Smart Live Limited.

Battersea Evolution Limited is 50% owned by Smart (Group) Limited.

Smart Live Limited is 100% owned by Smart (Group) Limited.

10.	ULTIMATE PARENT COMPANY

The company regards Smart (Group) 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.

Smart Experiences Limited - Accounts to registrar (filleted) - small 18.2

Smart Experiences Limited - Accounts to registrar (filleted) - small 18.2