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Company Registration No. 13844557 (England and Wales)
SWEECH PROPERTIES LTD Unaudited accounts for the period from 12 January 2022 to 31 January 2023
SWEECH PROPERTIES LTD Unaudited accounts Contents
Page
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SWEECH PROPERTIES LTD Company Information for the period from 12 January 2022 to 31 January 2023
Directors
Chetankumar Patel Sweena Patel
Company Number
13844557 (England and Wales)
Registered Office
16 TUDOR AVENUE WATFORD HERTFORDSHIRE WD24 7NX ENGLAND
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SWEECH PROPERTIES LTD Statement of financial position as at 31 January 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
801 
Investment property
542,157 
542,958 
Current assets
Cash at bank and in hand
49 
Creditors: amounts falling due within one year
(10,089)
Net current liabilities
(10,040)
Total assets less current liabilities
532,918 
Creditors: amounts falling due after more than one year
(538,671)
Net liabilities
(5,753)
Capital and reserves
Called up share capital
100 
Profit and loss account
(5,853)
Shareholders' funds
(5,753)
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Chetankumar Patel Director Company Registration No. 13844557
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SWEECH PROPERTIES LTD Notes to the Accounts for the period from 12 January 2022 to 31 January 2023
1
Statutory information
SWEECH PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13844557. The registered office is 16 TUDOR AVENUE, WATFORD, HERTFORDSHIRE, WD24 7NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a straight-line basis
Computer equipment
25% on a straight-line basis
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 12 January 2022
- 
- 
- 
Additions
279 
789 
1,068 
At 31 January 2023
279 
789 
1,068 
Depreciation
Charge for the period
70 
197 
267 
At 31 January 2023
70 
197 
267 
Net book value
At 31 January 2023
209 
592 
801 
5
Investment property
2023 
£ 
Additions
542,157 
At 31 January 2023
542,157 
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SWEECH PROPERTIES LTD Notes to the Accounts for the period from 12 January 2022 to 31 January 2023
6
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
10,089 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
315,371 
Other creditors
222,580 
Accruals
720 
538,671 
8
Average number of employees
During the period the average number of employees was 0.
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