Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3022022-05-01falseDevelopment of building projects2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13367032 2022-05-01 2023-04-30 13367032 2021-04-29 2022-04-30 13367032 2023-04-30 13367032 2022-04-30 13367032 c:Director1 2022-05-01 2023-04-30 13367032 d:CurrentFinancialInstruments 2023-04-30 13367032 d:CurrentFinancialInstruments 2022-04-30 13367032 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13367032 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13367032 d:ShareCapital 2023-04-30 13367032 d:ShareCapital 2021-04-29 2022-04-30 13367032 d:ShareCapital 2022-04-30 13367032 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13367032 d:RetainedEarningsAccumulatedLosses 2023-04-30 13367032 d:RetainedEarningsAccumulatedLosses 2022-04-30 13367032 c:OrdinaryShareClass1 2022-05-01 2023-04-30 13367032 c:OrdinaryShareClass1 2023-04-30 13367032 c:OrdinaryShareClass1 2022-04-30 13367032 c:FRS102 2022-05-01 2023-04-30 13367032 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13367032 c:FullAccounts 2022-05-01 2023-04-30 13367032 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13367032









SWIFT DEVELOPERS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
SWIFT DEVELOPERS LTD
REGISTERED NUMBER: 13367032

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
306,167
306,167

Cash at bank and in hand
 5 
7,631
8,991

  
313,798
315,158

Creditors: amounts falling due within one year
 6 
(315,058)
(315,058)

Net current (liabilities)/assets
  
 
 
(1,260)
 
 
100

Total assets less current liabilities
  
(1,260)
100

  

Net (liabilities)/assets
  
(1,260)
100


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(1,360)
-

  
(1,260)
100


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 year 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 comprehensive income 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 on 16 February 2024.




K Franklin
Director

The notes on pages 4 to 5 form part of these financial statements.
Page 1

 
SWIFT DEVELOPERS LTD
REGISTERED NUMBER: 13367032
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023


Page 2

 
SWIFT DEVELOPERS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 May 2022
100
-
100



Loss for the year
-
(1,360)
(1,360)


At 30 April 2023
100
(1,360)
(1,260)



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2022


Called up share capital
Total equity

£
£

Shares issued during the period
100
100


At 30 April 2022
100
100


The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
SWIFT DEVELOPERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Swift Developers Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is First Floor, 73-81 Southwark Bridge Road, London, England, SE1 0NQ.
The principal activity of the company during the year has been that of land development.

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

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.

 
2.4

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SWIFT DEVELOPERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Stocks

2023
2022
£
£

Land for development
306,167
306,167

306,167
306,167



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,631
8,991

7,631
8,991



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
315,058
315,058

315,058
315,058



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary Share shares of £1.00 each
100
100



8.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 5