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SOUTH WEST TWO LIMITED

Registered Number
13166116
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

SOUTH WEST TWO LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

FRATER, Bill Sedat

Registered Address

Flat A, 23 Cadogan Gardens
London
SW3 2RW

Registered Number

13166116 (England and Wales)
SOUTH WEST TWO LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3424,930426,798
424,930426,798
Current assets
Debtors2,7082,862
Cash at bank and on hand1,1112,647
3,8195,509
Creditors amounts falling due within one year4(7,041)(9,191)
Net current assets (liabilities)(3,222)(3,682)
Total assets less current liabilities421,708423,116
Creditors amounts falling due after one year5(407,744)(419,044)
Net assets13,9644,072
Capital and reserves
Called up share capital11
Profit and loss account13,9634,071
Shareholders' funds13,9644,072
The financial statements were approved and authorised for issue by the Director on 16 February 2024, and are signed on its behalf by:
FRATER, Bill Sedat
Director
Registered Company No. 13166116
SOUTH WEST TWO LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
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.
Statement of compliance
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.
Revenue from sale of goods
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.
Foreign currency translation
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 23419,6039,342428,945
At 31 December 23419,6039,342428,945
Depreciation and impairment
At 01 January 23-2,1472,147
Charge for year-1,8681,868
At 31 December 23-4,0154,015
Net book value
At 31 December 23419,6035,327424,930
At 31 December 22419,6037,195426,798
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,233-
Taxation and social security3,5591,459
Other creditors1,7746,819
Accrued liabilities and deferred income475913
Total7,0419,191
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.
5.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties407,744419,044
Total407,744419,044