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REGISTERED NUMBER: 07286365 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 October 2023

for

SW1 Management Limited

SW1 Management Limited (Registered number: 07286365)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


SW1 Management Limited (Registered number: 07286365)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 10,577,641 10,539,616
Cash at bank 228,021 1,530,738
10,805,662 12,070,354
CREDITORS
Amounts falling due within one year 5 (192,154 ) (1,462,439 )
NET CURRENT ASSETS 10,613,508 10,607,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,613,508

10,607,915

CREDITORS
Amounts falling due after more than one year 6 (7,344,680 ) (8,000,000 )
NET ASSETS 3,268,828 2,607,915

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 655,320 -
Retained earnings 2,613,507 2,607,914
SHAREHOLDERS' FUNDS 3,268,828 2,607,915

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

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

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

SW1 Management Limited (Registered number: 07286365)

Balance Sheet - continued
31 October 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





D A Ross - Director


SW1 Management Limited (Registered number: 07286365)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

SW1 Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07286365

Registered office: The Kelling Estate Office
Kelling
Norfolk
NR25 7EW

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total interest receivable from loans during the year.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by related party 7,480,000 7,580,000
Other debtors 3,097,641 1,959,616
10,577,641 9,539,616

Amounts falling due after more than one year:
Other debtors - 1,000,000

Aggregate amounts 10,577,641 10,539,616

SW1 Management Limited (Registered number: 07286365)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 192,154 117,759
Other creditors - 1,344,680
192,154 1,462,439

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 7,344,680 8,000,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 7,344,680 8,000,000

7. RELATED PARTY DISCLOSURES

During the year, the preference shares were partly redeemed for £655,320. This amount was paid to the director of the company G Widdowson.