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REGISTERED NUMBER: 08455293 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

SW Properties SW Ltd

SW Properties SW Ltd (Registered number: 08455293)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SW Properties SW Ltd

COMPANY INFORMATION
for the year ended 30 April 2023







Directors: A Sheppard
Miss D Webster





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Registered number: 08455293 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

SW Properties SW Ltd (Registered number: 08455293)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 350,100 300,100

Current assets
Cash at bank and in hand 3,679 31,535

Creditors
Amounts falling due within one year 5 155,890 205,840
Net current liabilities (152,211 ) (174,305 )
Total assets less current liabilities 197,889 125,795

Provisions for liabilities 6 32,000 6,500
Net assets 165,889 119,295

Capital and reserves
Called up share capital 7 200 200
Revaluation reserve 8 120,500 83,500
Retained earnings 45,189 35,595
Shareholders' funds 165,889 119,295

SW Properties SW Ltd (Registered number: 08455293)

BALANCE SHEET - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




Miss D Webster - Director



A Sheppard - Director


SW Properties SW Ltd (Registered number: 08455293)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023

1. STATUTORY INFORMATION

SW Properties SW Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006 The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment property.

Preparation of consolidated financial statements
The financial statements contain information about SW Properties SW Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent and service charges receivable for the period covered by the financial statements. Where rents are received in advance of the balance sheet date, the amounts are recorded as deferred income and included as part of creditors due within one year.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.


SW Properties SW Ltd (Registered number: 08455293)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Debtors
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.

Creditors
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Investment
undertakings property Totals
£    £    £   
Cost or valuation
At 1 May 2022 100 300,000 300,100
Revaluations - 50,000 50,000
At 30 April 2023 100 350,000 350,100
Net book value
At 30 April 2023 100 350,000 350,100
At 30 April 2022 100 300,000 300,100

SW Properties SW Ltd (Registered number: 08455293)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:

Shares in
group Investment
undertakings property Totals
£    £    £   
Valuation in 2022 - 90,000 90,000
Valuation in 2023 - 50,000 50,000
Cost 100 210,000 210,100
100 350,000 350,100

Included in fair value of investment property is freehold land of £350,000 (2022 - £300,000) which is not depreciated.

This represents 100% of the issued share capital of SW Blinds & Interiors Limited, a trading company registered in England and Wales.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 150,000 200,000
Taxation and social security 5,200 5,300
Other creditors 690 540
155,890 205,840

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 32,000 6,500

Deferred
tax
£   
Balance at 1 May 2022 6,500
Provided during year 25,500
Balance at 30 April 2023 32,000

SW Properties SW Ltd (Registered number: 08455293)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 200 200

8. RESERVES
Revaluatio
reserve
£   
At 1 May 2022 83,500
Revaluation reserve 37,000

At 30 April 2023 120,500

9. RELATED PARTY DISCLOSURES

During the year the holding company received rent and service charge income of £28,600 from the subsiduary SW Blinds & Interiors Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling parties are A Sheppard, D Webster and A Lynch.