IRIS Accounts Production v23.3.1.45 14345370 director 8.9.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143453702022-09-07143453702023-03-31143453702022-09-082023-03-31143453702022-09-0714345370ns10:Originalns15:EnglandWales2022-09-082023-03-3114345370ns14:PoundSterlingns10:Original2022-09-082023-03-3114345370ns10:Originalns10:Director12022-09-082023-03-3114345370ns10:Original2022-09-082023-03-3114345370ns10:Original2023-03-3114345370ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-082023-03-3114345370ns10:Originalns10:SmallEntities2022-09-082023-03-3114345370ns10:Originalns10:AuditExemptWithAccountantsReport2022-09-082023-03-3114345370ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-082023-03-3114345370ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-082023-03-3114345370ns10:Originalns10:AbridgedAccounts2022-09-082023-03-3114345370ns10:Originalns10:OrdinaryShareClass12022-09-082023-03-3114345370ns10:Originalns10:OrdinaryShareClass112022-09-082023-03-3114345370ns10:Originalns10:RegisteredOffice2022-09-082023-03-3114345370ns10:Originalns5:CurrentFinancialInstruments2023-03-3114345370ns5:ShareCapitalns10:Original2023-03-3114345370ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3114345370ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3114345370ns10:Originalns10:OrdinaryShareClass12023-03-3114345370ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-082023-03-31
REGISTERED NUMBER: 14345370 (England and Wales)


South West Retail Limited

Abridged Unaudited Financial Statements

for the period

8 September 2022 to 31 March 2023






South West Retail Limited (Registered number: 14345370)






Contents of the Financial Statements
for the period 8 September 2022 to 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


South West Retail Limited

Company Information
for the period 8 September 2022 to 31 March 2023







DIRECTOR: Mr I M Unsal





REGISTERED OFFICE: 409 Kilburn High Road
London
NW6 7QE





REGISTERED NUMBER: 14345370 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
South West Retail Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South West Retail Limited for the period ended 31 March 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of South West Retail Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South West Retail Limited and state those matters that we have agreed to state to the director of South West Retail Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South West Retail Limited and its director for our work or for this report.

It is your duty to ensure that South West Retail Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of South West Retail Limited. You consider that South West Retail Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of South West Retail Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


2 February 2024

South West Retail Limited (Registered number: 14345370)

Statement of Financial Position
31 March 2023

Notes £   
CURRENT ASSETS
Stocks 36,503
Debtors 4 546
Cash at bank and in hand 95,438
132,487
CREDITORS
Amounts falling due within one year 5 134,134
NET CURRENT LIABILITIES (1,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,647

)

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings 7 (1,747 )
SHAREHOLDERS' FUNDS (1,647 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

South West Retail Limited (Registered number: 14345370)

Statement of Financial Position - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





Mr I M Unsal - Director


South West Retail Limited (Registered number: 14345370)

Notes to the Financial Statements
for the period 8 September 2022 to 31 March 2023

1. STATUTORY INFORMATION

South West Retail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of their products and is derived from the ordinary activities of the business.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued on first in first out basis.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

South West Retail Limited (Registered number: 14345370)

Notes to the Financial Statements - continued
for the period 8 September 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 446
Amounts owed by group undertakings 100
546

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 44,270
Taxation and social security 851
Other creditors 89,013
134,134

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1.00 100

100 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.

7. RESERVES
Retained
earnings
£   

Deficit for the period (1,747 )
At 31 March 2023 (1,747 )

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £50,000 interest free loan given to the company by the director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is South West Retail Holdings Ltd.