2022-01-012022-12-312022-12-31false13189350SOUTHWEST PROPERTY DEVELOPMENTS LIMITED2023-09-30iso4217:GBPxbrli:pure131893502022-01-01131893502022-12-31131893502022-01-012022-12-31131893502021-02-09131893502021-12-31131893502021-02-092021-12-3113189350bus:SmallEntities2022-01-012022-12-3113189350bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3113189350bus:FullAccounts2022-01-012022-12-3113189350bus:PrivateLimitedCompanyLtd2022-01-012022-12-3113189350core:WithinOneYear2022-12-3113189350core:AfterOneYear2022-12-3113189350core:WithinOneYear2021-12-3113189350core:AfterOneYear2021-12-3113189350core:ShareCapital2022-12-3113189350core:SharePremium2022-12-3113189350core:RevaluationReserve2022-12-3113189350core:OtherReservesSubtotal2022-12-3113189350core:RetainedEarningsAccumulatedLosses2022-12-3113189350core:ShareCapital2021-12-3113189350core:SharePremium2021-12-3113189350core:RevaluationReserve2021-12-3113189350core:OtherReservesSubtotal2021-12-3113189350core:RetainedEarningsAccumulatedLosses2021-12-3113189350core:LandBuildings2022-12-3113189350core:PlantMachinery2022-12-3113189350core:Vehicles2022-12-3113189350core:FurnitureFittings2022-12-3113189350core:OfficeEquipment2022-12-3113189350core:NetGoodwill2022-12-3113189350core:IntangibleAssetsOtherThanGoodwill2022-12-3113189350core:ListedExchangeTraded2022-12-3113189350core:UnlistedNon-exchangeTraded2022-12-3113189350core:LandBuildings2021-12-3113189350core:PlantMachinery2021-12-3113189350core:Vehicles2021-12-3113189350core:FurnitureFittings2021-12-3113189350core:OfficeEquipment2021-12-3113189350core:NetGoodwill2021-12-3113189350core:IntangibleAssetsOtherThanGoodwill2021-12-3113189350core:ListedExchangeTraded2021-12-3113189350core:UnlistedNon-exchangeTraded2021-12-3113189350core:LandBuildings2022-01-012022-12-3113189350core:PlantMachinery2022-01-012022-12-3113189350core:Vehicles2022-01-012022-12-3113189350core:FurnitureFittings2022-01-012022-12-3113189350core:OfficeEquipment2022-01-012022-12-3113189350core:NetGoodwill2022-01-012022-12-3113189350core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113189350core:ListedExchangeTraded2022-01-012022-12-3113189350core:UnlistedNon-exchangeTraded2022-01-012022-12-3113189350core:MoreThanFiveYears2022-01-012022-12-3113189350core:Non-currentFinancialInstruments2022-12-3113189350core:Non-currentFinancialInstruments2021-12-3113189350dpl:CostSales2022-01-012022-12-3113189350dpl:DistributionCosts2022-01-012022-12-3113189350dpl:AdministrativeExpenses2022-01-012022-12-3113189350core:LandBuildings2022-01-012022-12-3113189350core:PlantMachinery2022-01-012022-12-3113189350core:Vehicles2022-01-012022-12-3113189350core:FurnitureFittings2022-01-012022-12-3113189350core:OfficeEquipment2022-01-012022-12-3113189350core:NetGoodwill2022-01-012022-12-3113189350core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113189350dpl:GroupUndertakings2022-01-012022-12-3113189350dpl:ParticipatingInterests2022-01-012022-12-3113189350dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113189350core:ListedExchangeTraded2022-01-012022-12-3113189350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113189350core:UnlistedNon-exchangeTraded2022-01-012022-12-3113189350dpl:CostSales2021-02-092021-12-3113189350dpl:DistributionCosts2021-02-092021-12-3113189350dpl:AdministrativeExpenses2021-02-092021-12-3113189350core:LandBuildings2021-02-092021-12-3113189350core:PlantMachinery2021-02-092021-12-3113189350core:Vehicles2021-02-092021-12-3113189350core:FurnitureFittings2021-02-092021-12-3113189350core:OfficeEquipment2021-02-092021-12-3113189350core:NetGoodwill2021-02-092021-12-3113189350core:IntangibleAssetsOtherThanGoodwill2021-02-092021-12-3113189350dpl:GroupUndertakings2021-02-092021-12-3113189350dpl:ParticipatingInterests2021-02-092021-12-3113189350dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-092021-12-3113189350core:ListedExchangeTraded2021-02-092021-12-3113189350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-092021-12-3113189350core:UnlistedNon-exchangeTraded2021-02-092021-12-3113189350core:NetGoodwill2022-12-3113189350core:IntangibleAssetsOtherThanGoodwill2022-12-3113189350core:LandBuildings2022-12-3113189350core:PlantMachinery2022-12-3113189350core:Vehicles2022-12-3113189350core:FurnitureFittings2022-12-3113189350core:OfficeEquipment2022-12-3113189350core:AfterOneYear2022-12-3113189350core:WithinOneYear2022-12-3113189350core:ListedExchangeTraded2022-12-3113189350core:UnlistedNon-exchangeTraded2022-12-3113189350core:ShareCapital2022-12-3113189350core:SharePremium2022-12-3113189350core:RevaluationReserve2022-12-3113189350core:OtherReservesSubtotal2022-12-3113189350core:RetainedEarningsAccumulatedLosses2022-12-3113189350core:NetGoodwill2021-12-3113189350core:IntangibleAssetsOtherThanGoodwill2021-12-3113189350core:LandBuildings2021-12-3113189350core:PlantMachinery2021-12-3113189350core:Vehicles2021-12-3113189350core:FurnitureFittings2021-12-3113189350core:OfficeEquipment2021-12-3113189350core:AfterOneYear2021-12-3113189350core:WithinOneYear2021-12-3113189350core:ListedExchangeTraded2021-12-3113189350core:UnlistedNon-exchangeTraded2021-12-3113189350core:ShareCapital2021-12-3113189350core:SharePremium2021-12-3113189350core:RevaluationReserve2021-12-3113189350core:OtherReservesSubtotal2021-12-3113189350core:RetainedEarningsAccumulatedLosses2021-12-3113189350core:NetGoodwill2021-02-0913189350core:IntangibleAssetsOtherThanGoodwill2021-02-0913189350core:LandBuildings2021-02-0913189350core:PlantMachinery2021-02-0913189350core:Vehicles2021-02-0913189350core:FurnitureFittings2021-02-0913189350core:OfficeEquipment2021-02-0913189350core:AfterOneYear2021-02-0913189350core:WithinOneYear2021-02-0913189350core:ListedExchangeTraded2021-02-0913189350core:UnlistedNon-exchangeTraded2021-02-0913189350core:ShareCapital2021-02-0913189350core:SharePremium2021-02-0913189350core:RevaluationReserve2021-02-0913189350core:OtherReservesSubtotal2021-02-0913189350core:RetainedEarningsAccumulatedLosses2021-02-0913189350core:AfterOneYear2022-01-012022-12-3113189350core:WithinOneYear2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:CostValuation2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3113189350core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113189350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113189350core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3113189350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3113189350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3113189350bus:Director12022-01-012022-12-3113189350bus:Director22022-01-012022-12-31

SOUTHWEST PROPERTY DEVELOPMENTS LIMITED

Registered Number
13189350
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

SOUTHWEST PROPERTY DEVELOPMENTS LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

JAISINGHANI, Aneel Kumar
MALIK, Ovais Humair

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

13189350 (England and Wales)
SOUTHWEST PROPERTY DEVELOPMENTS LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Investment property61,057,3251,057,325
1,057,3251,057,325
Current assets
Debtors5,933100
Cash at bank and on hand8001,224
6,7331,324
Creditors amounts falling due within one year9(25,087)(26,270)
Net current assets (liabilities)(18,354)(24,946)
Total assets less current liabilities1,038,9711,032,379
Creditors amounts falling due after one year10(1,043,240)(1,041,140)
Net assets(4,269)(8,761)
Capital and reserves
Called up share capital100100
Profit and loss account(4,369)(8,861)
Shareholders' funds(4,269)(8,761)
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2023, and are signed on its behalf by:
JAISINGHANI, Aneel Kumar
Director
Registered Company No. 13189350
SOUTHWEST PROPERTY DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of other letting and operating of own or leased real estate.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Investment property policy
Investment property, which is property held to earn rentals and/or capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
5.Employee information

20222021
Average number of employees during the year00
6.Investment property

£
Fair value at 01 January 221,057,325
At 31 December 221,057,325
7.Description of nature of transactions and balances with related parties
The amount owed to Southwest Orthodontists Limited is £302,964 (2021:£300,864).
8.Debtors within one year

2022

2021

££
Other debtors100100
Prepayments and accrued income5,833-
Total5,933100
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2022

2021

££
Taxation and social security1,054-
Accrued liabilities and deferred income24,03326,270
Total25,08726,270
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts740,276740,276
Amounts owed to related parties302,964300,864
Total1,043,2401,041,140