Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.50No description of principal activity2022-01-25truefalsefalse 13870392 2022-01-24 13870392 2022-01-25 2023-03-31 13870392 2021-01-25 2022-01-24 13870392 2023-03-31 13870392 c:Director1 2022-01-25 2023-03-31 13870392 d:FreeholdInvestmentProperty 2022-01-25 2023-03-31 13870392 d:FreeholdInvestmentProperty 2023-03-31 13870392 d:CurrentFinancialInstruments 2023-03-31 13870392 d:Non-currentFinancialInstruments 2023-03-31 13870392 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13870392 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13870392 d:ShareCapital 2023-03-31 13870392 d:RetainedEarningsAccumulatedLosses 2023-03-31 13870392 c:FRS102 2022-01-25 2023-03-31 13870392 c:AuditExempt-NoAccountantsReport 2022-01-25 2023-03-31 13870392 c:FullAccounts 2022-01-25 2023-03-31 13870392 c:PrivateLimitedCompanyLtd 2022-01-25 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 13870392







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2023


SW & H PROPERTY LIMITED






































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SW & H PROPERTY LIMITED
REGISTERED NUMBER:13870392



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
335,192

  
335,192

Current assets
  

Debtors: amounts falling due within one year
 5 
2,100

Cash at bank and in hand
  
8,365

  
10,465

Creditors: amounts falling due within one year
 6 
(132,474)

Net current (liabilities)/assets
  
 
 
(122,009)

Total assets less current liabilities
  
213,183

Creditors: amounts falling due after more than one year
  
(204,926)

  

Net assets
  
8,257


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
8,157

  
8,257


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr D J S Alcock
Director

Date: 19 October 2023
Page 1

 


SW & H PROPERTY LIMITED
REGISTERED NUMBER:13870392


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SW & H PROPERTY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

SW & H Property Limited is a private company limited by shares, registered in England and Wales. The address of it's registered office is disclosed on the company information page.
The accounts have been prepared from the date of incorporation 25 January 2022 to the year end date 31 March
2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


SW & H PROPERTY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 5.

Page 4

 


SW & H PROPERTY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
335,192



At 31 March 2023
335,192

The 2023 valuations were made by director , on an open market value for existing use basis.




Page 5

 


SW & H PROPERTY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

2023
£


Trade debtors
2,000

Called up share capital not paid
100

2,100



6.


Creditors: Amounts falling due within one year

2023
£

Bank loans
23,124

Trade creditors
390

Amounts owed to group undertakings
11,690

Corporation tax
3,003

Other creditors
92,267

Accruals and deferred income
2,000

132,474



7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
204,926

204,926


There is a fixed and floating over all property and undertaking within the company including a negative pledge in respect of bank loans totalling £228,050.


8.


Related party transactions

At the year end directors were owed £92,266 by the company.

 
Page 6