Symon Smith & Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10069356 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

SYMON SMITH & PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Anastasis

A J Millinder

D A Lawrence

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

10069356 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Intangible assets

4

200,000

250,000

Tangible assets

5

3,746

4,599

203,746

254,599

CURRENT ASSETS

Debtors

6

2,320

13,258

Cash at bank and in hand

121,955

79,372

124,275

92,630

CREDITORS

Amounts falling due within one year

7

118,405

131,997

NET CURRENT ASSETS/(LIABILITIES)

5,870

(39,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

209,616

215,232

CREDITORS

Amounts falling due after more than one year

8

41,126

50,000

NET ASSETS

168,490

165,232

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

168,390

165,132

168,490

165,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2022 and were signed on its behalf by:

D A Lawrence - Director

1.	STATUTORY INFORMATION

Symon Smith & Partners 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 is measured at the fair value of the consideration received or receivable and represents amount receivable for services provided in the normal course of business, net of discounts (if any) and Value Added Tax.

Commissions earned on sale of properties are recognised on completion.

In connection with lettings, the company provides the following services:

a) securing the letting for the landlord and rent collection; and

b) managing the letting on behalf of the landlord.

Commissions earned on securing the letting and rent collections are recognised immediately. The management fee is billed and recognised monthly.

The company provides block management services. Management fees are billed and recognised on a quarterly basis.

Commissions earned on financial services are recognised when the insurance policies go on risk. Income from other services is recognised in the period when the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

500,000

AMORTISATION

At 1 April 2021

250,000

Charge for year

50,000

At 31 March 2022

300,000

NET BOOK VALUE

At 31 March 2022

200,000

At 31 March 2021

250,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

20,934

Additions

4,700

At 31 March 2022

25,634

DEPRECIATION

At 1 April 2021

16,335

Charge for year

5,553

At 31 March 2022

21,888

NET BOOK VALUE

At 31 March 2022

3,746

At 31 March 2021

4,599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

2,320

13,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

1,327

3,277

Taxation and social security

84,411

71,205

Other creditors

32,667

57,515

118,405

131,997

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

41,126

50,000