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REGISTERED NUMBER: 04570972 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SYWELL SECURITIES LIMITED

SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SYWELL SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: H F Barney
S T Bateman



SECRETARY: H F Barney



REGISTERED OFFICE: 4 Melbourne House
Corbygate Business Park
Priors Haw Road
Corby
Northamptonshire
NN17 5JG



REGISTERED NUMBER: 04570972 (England and Wales)



ACCOUNTANTS: DNG Dove Naish LLP
Chartered Accountants
Eagle House
28 Billing Road
Northampton
NN1 5AJ



BANKERS: National Westminster Bank Plc
41 The Drapery
Northampton
NN1 2EY

SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,065,000 990,000

CURRENT ASSETS
Debtors 5 360,211 786,055
Cash at bank 26,405 38,168
386,616 824,223
CREDITORS
Amounts falling due within one year 6 26,298 55,835
NET CURRENT ASSETS 360,318 768,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,425,318

1,758,388

CREDITORS
Amounts falling due after more than one
year

7

-

(412,287

)

PROVISIONS FOR LIABILITIES (53,894 ) (23,898 )
NET ASSETS 1,371,424 1,322,203

CAPITAL AND RESERVES
Called up share capital 9 9
Fair value reserve 9 152,504 137,500
Retained earnings 1,218,911 1,184,694
SHAREHOLDERS' FUNDS 1,371,424 1,322,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 August 2022 and were signed on its behalf by:




H F Barney - Director



S T Bateman - Director


SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Sywell Securities 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 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 as modified by the revaluation of certain assets.

Related party exemption
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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 990,000
Additions 30,000
Revaluations 45,000
At 31 December 2021 1,065,000
NET BOOK VALUE
At 31 December 2021 1,065,000
At 31 December 2020 990,000

The investment properties were revalued by the directors as of 31 December 2021 on an open market basis, subject to existing tenancies.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,830 3,945
Amounts owed by group undertakings 356,198 777,140
Other debtors 200 200
VAT - 1,710
Prepayments and accrued income 1,983 3,060
360,211 786,055

SYWELL SECURITIES LIMITED (REGISTERED NUMBER: 04570972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 27,543
Trade creditors 1,477 10,067
Amounts owed to group undertakings 668 66
Tax 8,251 12,137
VAT 296 -
Accruals and deferred income 15,606 6,022
26,298 55,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years - 412,287

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans - 439,830

The bank loan is secured by fixed charges over the investment properties held by the company.

9. RESERVES
Fair
value
reserve
£   
At 1 January 2021 137,500
Reserve transfer 15,004

At 31 December 2021 152,504

10. ULTIMATE CONTROLLING PARTY

Sywell Securities Limited's parent and controlling party is Sywell Investments Limited, a company registered in the United Kingdom.