2022-02-01 2023-01-31 false Capium Accounts Production 1.1 12366254 bus:AbridgedAccounts 2022-02-01 2023-01-31 12366254 bus:FRS102 2022-02-01 2023-01-31 12366254 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 12366254 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 12366254 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12366254 2022-02-01 2023-01-31 12366254 2023-01-31 12366254 bus:RegisteredOffice 2022-02-01 2023-01-31 12366254 core:WithinOneYear 2023-01-31 12366254 core:AfterOneYear 2023-01-31 12366254 bus:Director1 2022-02-01 2023-01-31 12366254 bus:Director1 2023-01-31 12366254 bus:Director1 2021-02-01 2022-01-31 12366254 2021-02-01 12366254 bus:CompanySecretary1 2022-02-01 2023-01-31 12366254 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 12366254 2021-02-01 2022-01-31 12366254 2022-01-31 12366254 core:WithinOneYear 2022-01-31 12366254 core:AfterOneYear 2022-01-31 12366254 bus:EntityAccountantsOrAuditors 2021-02-01 2022-01-31 12366254 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 12366254 bus:OrdinaryShareClass1 2023-01-31 12366254 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 12366254 bus:OrdinaryShareClass1 2022-01-31 12366254 core:FurnitureFittings 2022-02-01 2023-01-31 12366254 core:FurnitureFittings 2023-01-31 12366254 core:FurnitureFittings 2022-01-31 12366254 core:ComputerEquipment 2022-02-01 2023-01-31 12366254 core:ComputerEquipment 2023-01-31 12366254 core:ComputerEquipment 2022-01-31 12366254 core:InvestmentProperties 2022-02-01 2023-01-31 12366254 core:InvestmentProperties 2023-01-31 12366254 core:InvestmentProperties 2022-01-31 12366254 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 12366254 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-01-31 12366254 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 12366254 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 12366254 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 12366254 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 12366254 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 12366254 core:Non-currentFinancialInstruments 2023-01-31 12366254 core:Non-currentFinancialInstruments 2022-01-31 12366254 core:ShareCapital 2023-01-31 12366254 core:ShareCapital 2022-01-31 12366254 core:RetainedEarningsAccumulatedLosses 2023-01-31 12366254 core:RetainedEarningsAccumulatedLosses 2022-01-31 12366254 dpl:Item1 2022-02-01 12366254 dpl:Item1 2023-01-31 12366254 dpl:Item1 2021-02-01 12366254 dpl:Item1 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12366254
England and Wales

 

 

 

SWALLOWFIELD LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Swallowfield Limited for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swallowfield Limited for the year ended 31 January 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Swallowfield Limited, as a body, in accordance with the terms of our engagement letter dated 14 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Swallowfield Limited and state those matters that we have agreed to state to the Board of Directors of Swallowfield Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swallowfield Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Swallowfield Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Swallowfield Limited. You consider that Swallowfield Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Swallowfield Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2023



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
14 September 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 542,665    453,746 
542,665    453,746 
Current assets      
Debtors 35,998    50,276 
Cash at bank and in hand 257,298    4,299 
293,296    54,575 
Creditors: amount falling due within one year (361,395)   (358,571)
Net current liabilities (68,099)   (303,996)
 
Total assets less current liabilities 474,566    149,750 
Creditors: amount falling due after more than one year (434,618)   (184,181)
Provisions for liabilities  
Net assets 39,948    (34,431)
 

Capital and reserves
     
Called up share capital 4 1    1 
General Reserves 5 90,452   
Profit and loss account (50,505)   (34,432)
Shareholder's funds 39,948    (34,431)
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 September 2023 and were signed by:


-------------------------------
Diana Danila
Director
2
General Information
Swallowfield Limited is a private company, limited by shares, registered in England and Wales, registration number 12366254, registration address 69 Swallowfield Road, London, SE7 7NT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees including directors


Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 February 2022 9,799    2,216    444,725    456,740 
Additions 531        531 
Disposals      
Revaluations     90,452    90,452 
At 31 January 2023 10,330    2,216    535,177    547,723 
Depreciation
At 01 February 2022 1,960    1,034      2,994 
Charge for year 1,674    390      2,064 
On disposals      
At 31 January 2023 3,634    1,424      5,058 
Net book values
Closing balance as at 31 January 2023 6,696    792    535,177    542,665 
Opening balance as at 01 February 2022 7,839    1,182    444,725    453,746 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

5.

General Reserves

2023
£
  2022
£
Transfer from Profit & Loss Reserves 90,452   
90,452   

6.

Bank Loans - Security

Included within loans is the amount £396,522 (2022: £140,875) secured against the assets of the business.
7.

Bank Loans and Overdrafts

The bank loan and overdraft included in creditors due more than one year, has an amount of  £15,032 (2022: £23,170.41) which is due after more than five years

8.

Related Party Transactions

The director has advanced to and has been advanced monies by company the during the year. The balance at 31 January 2023 is £273,292 (2022: £303,541).
No interest has been charged on the loan.
3