REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
FOR |
SWELL HOLDINGS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
FOR |
SWELL HOLDINGS LTD |
SWELL HOLDINGS LTD (REGISTERED NUMBER: 12955382) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SWELL HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
First Floor, Jebsen House |
53-61 High Street |
Ruislip |
Middlesex |
HA4 7BD |
SWELL HOLDINGS LTD (REGISTERED NUMBER: 12955382) |
BALANCE SHEET |
31ST OCTOBER 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
SWELL HOLDINGS LTD (REGISTERED NUMBER: 12955382) |
BALANCE SHEET - continued |
31ST OCTOBER 2022 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SWELL HOLDINGS LTD (REGISTERED NUMBER: 12955382) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
1. | STATUTORY INFORMATION |
Swell Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company meets its day to day working capital requirements through the support of its directors. The directors have confirmed that this support will continue to be made available for the foreseeable future. |
Intangible assets |
Intangible assets are measured at cost on initial recognition and are subsequently measured using the revaluation model. A revaluation increase is recognised in other comprehensive income and accumulated in equity. A revaluation loss is recognised in profit or loss account. |
Taxation |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE ASSETS |
Investments |
in |
cryptocurrency |
£ |
COST OR VALUATION |
At 1st November 2021 |
Revaluations | ( |
) |
At 31st October 2022 |
NET BOOK VALUE |
At 31st October 2022 |
At 31st October 2021 |
SWELL HOLDINGS LTD (REGISTERED NUMBER: 12955382) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2022 |
4. | INTANGIBLE ASSETS - continued |
Cost or valuation at 31st October 2022 is represented by: |
Investments |
in |
cryptocurrency |
£ |
Valuation in 2022 | (374,471 | ) |
Valuation in 2021 | 283,317 |
Cost | 340,000 |
248,846 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Intangible assets |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to associates | 351,427 | 340,434 |
Other creditors |