Registered number
14187758
SWL Property Group Ltd
Filleted Accounts for the period ended
30 June 2023
SWL Property Group Ltd
Registered number: 14187758
Balance Sheet
as at 30 June 2023
Notes 2023
£
Fixed assets
Investments 3 1,809,000
Current assets
Debtors 4 1,000
Creditors: amounts falling due within one year 5 (9,000)
Net current liabilities (8,000)
Total assets less current liabilities 1,801,000
Creditors: amounts falling due after more than one year 6 (1,800,000)
Net assets 1,000
Capital and reserves
Called up share capital 1,000
Shareholder's funds 1,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Van de Vyver
Director
Approved by the board on 8 March 2024
SWL Property Group Ltd
Notes to the Accounts
for the period from 22 June 2022 to 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1,809,000
At 30 June 2023 1,809,000
4 Debtors 2023
£
Other debtors 1,000
5 Creditors: amounts falling due within one year 2023
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,000
6 Creditors: amounts falling due after one year 2023
£
Director's loan 1,800,000
7 Related party transactions
As at 30 June 2023, SWL Property Group Ltd owed Vyver Ltd £9,000.

This is a company in which SWL Property Group Ltd holds 100% of the shares in.

There is no set repayment date for this loan.
8 Transactions with directors
As at 30 June 2023 the company owed M J Van de Vyver £1,800,000 and is included in creditors: amounts falling due after one year

This loan was made on 14 November 2022.

This loan is not repayable until after 1 December 2024 and is made on an interest free basis.
9 Controlling party
The ultimate controlling party is the director and 100% shareholder M J Van de Vyver.
10 Share options
As at 30 June 2023 the company had share options in place for up to 20,000 shares to key employees of its subsidiary company.
11 Other information
SWL Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 1a Old Court Mews
311 Chase Road
London
N14 6JS
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