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Swallowtail Capital Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2022

Registration number: 6478152

 

Swallowtail Capital Ltd

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Swallowtail Capital Ltd

(Registration number: 6478152)
Statement of financial position as at 30 April 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Cash at bank and in hand

 

-

1,371

Creditors: Amounts falling due within one year

5

(53,041)

(53,053)

Net current liabilities

 

(53,041)

(51,682)

Net liabilities

 

(53,040)

(51,681)

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

(54,040)

(52,681)

Shareholders' deficit

 

(53,040)

(51,681)

For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Swallowtail Capital Ltd

(Registration number: 6478152)
Statement of financial position as at 30 April 2022

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

Approved and authorised by the Board on 12 September 2022 and signed on its behalf by:
 

.........................................
Mr K Borrett
Director

 

Swallowtail Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the Board on 12 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Swallowtail Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2021

2,300

2,300

At 30 April 2022

2,300

2,300

Depreciation

At 1 May 2021

2,299

2,299

At 30 April 2022

2,299

2,299

Carrying amount

At 30 April 2022

1

1

At 30 April 2021

1

1

 

Swallowtail Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

600

720

Other creditors

52,441

52,333

53,041

53,053

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000