2022-07-012023-06-302023-06-30false05944359SWAN HOUSE INVESTMENTS 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SWAN HOUSE INVESTMENTS LIMITED

Registered Number
05944359
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

SWAN HOUSE INVESTMENTS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

Mr P A Hage

Registered Address

Swan House
Exchange Road
Lincoln
LN6 3JZ

Registered Number

05944359 (England and Wales)
SWAN HOUSE INVESTMENTS LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments81010
Investment property9288,235132,000
288,245132,010
Current assets
Debtors10438148
Current asset investments62,97863,217
Cash at bank and on hand802,789873,360
866,205936,725
Creditors amounts falling due within one year11(4,491)(2,193)
Net current assets (liabilities)861,714934,532
Total assets less current liabilities1,149,9591,066,542
Provisions for liabilities12(10,069)(10,114)
Net assets1,139,8901,056,428
Capital and reserves
Called up share capital55
Profit and loss account1,139,8851,056,423
Shareholders' funds1,139,8901,056,428
The financial statements were approved and authorised for issue by the Director on 6 October 2023, and are signed on its behalf by:
Mr P A Hage
Director
Registered Company No. 05944359
SWAN HOUSE INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

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 is that of an investment company.
4.Smallest group in which results are consolidated
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
5.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention, except that as disclosed in the accounting policies certain items are shown at fair value, 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).
6.Accounting policies
Investment property policy
Investment properties are revalued annually. Any aggregate surplus or deficit arising from changes in market value is transferred to the profit and loss and is not treated as distributable.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
7.Employee information

20232022
Average number of employees during the year11
8.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 July 221010
At 30 June 231010
Net book value
At 30 June 231010
At 30 June 221010

Notes

1Investments in group undertakings and participating interests
9.Investment property
The fair value of the company's property was revalued on 30 June 2023. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £234,059 (2022 - £77,824)

£
Fair value at 01 July 22132,000
Additions156,235
At 30 June 23288,235
10.Debtors

2023

2022

££
Prepayments and accrued income438148
Total438148
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.
11.Creditors within one year

2023

2022

££
Taxation and social security4,3112,193
Accrued liabilities and deferred income180-
Total4,4912,193
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.
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)10,06910,114
Total10,06910,114