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

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


IRIS Accounts Productionv18.2.0.36010069356Board of Directors1.4.1731.3.1831.3.18falsetruefalsefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure100693562017-03-31100693562018-03-31100693562017-04-012018-03-31100693562016-03-16100693562016-03-172017-03-31100693562017-03-3110069356ns15:EnglandWales2017-04-012018-03-3110069356ns14:PoundSterling2017-04-012018-03-3110069356ns10:Director12017-04-012018-03-3110069356ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3110069356ns10:SmallEntities2017-04-012018-03-3110069356ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3110069356ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3110069356ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3110069356ns10:FullAccounts2017-04-012018-03-311006935612017-04-012018-03-3110069356ns10:Director22017-04-012018-03-3110069356ns10:Director32017-04-012018-03-3110069356ns10:Director42017-04-012018-03-3110069356ns10:RegisteredOffice2017-04-012018-03-3110069356ns5:CurrentFinancialInstruments2018-03-3110069356ns5:CurrentFinancialInstruments2017-03-3110069356ns5:ShareCapital2018-03-3110069356ns5:ShareCapital2017-03-3110069356ns5:RetainedEarningsAccumulatedLosses2018-03-3110069356ns5:RetainedEarningsAccumulatedLosses2017-03-3110069356ns5:NetGoodwill2017-04-012018-03-3110069356ns5:FurnitureFittings2017-04-012018-03-3110069356ns5:ComputerEquipment2017-04-012018-03-3110069356ns5:NetGoodwill2017-03-3110069356ns5:NetGoodwill2018-03-3110069356ns5:NetGoodwill2017-03-3110069356ns5:FurnitureFittings2017-03-3110069356ns5:ComputerEquipment2017-03-3110069356ns5:FurnitureFittings2018-03-3110069356ns5:ComputerEquipment2018-03-3110069356ns5:FurnitureFittings2017-03-3110069356ns5:ComputerEquipment2017-03-3110069356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3110069356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 10069356(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

SYMON SMITH & PARTNERS LIMITED

SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYMON SMITH & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: A J Millinder
R Cole
M Anastasis
D A Lawrence





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 10069356(England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400,000 450,000
Tangible assets 5 4,755 2,755
404,755 452,755

CURRENT ASSETS
Debtors 6 30,076 27,778
Cash at bank and in hand 61,415 54,140
91,491 81,918
CREDITORS
Amounts falling due within one year 7 370,104 485,940
NET CURRENT LIABILITIES (278,613 ) (404,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,142

48,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,042 48,633
126,142 48,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 5 July 2018and were signed on its behalf by:





A J Millinder- Director


SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. 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 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.

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.

SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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(2017 - 8) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 500,000
AMORTISATION
At 1 April 2017 50,000
Amortisation for year 50,000
At 31 March 2018 100,000
NET BOOK VALUE
At 31 March 2018 400,000
At 31 March 2017 450,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017 3,444 - 3,444
Additions - 3,827 3,827
At 31 March 2018 3,444 3,827 7,271
DEPRECIATION
At 1 April 2017 689 - 689
Charge for year 551 1,276 1,827
At 31 March 2018 1,240 1,276 2,516
NET BOOK VALUE
At 31 March 2018 2,204 2,551 4,755
At 31 March 2017 2,755 - 2,755

SYMON SMITH & PARTNERS LIMITED (REGISTERED NUMBER: 10069356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 7,961 5,820
Other debtors 20,968 20,968
Prepayments and accrued income 1,147 990
30,076 27,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 6,764
Tax 47,792 32,469
Social security and other taxes 4,232 3,659
VAT 27,239 14,978
Other creditors - 37,524
Director's current account 286,841 386,546
Accruals and deferred income 4,000 4,000
370,104 485,940