Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Holding company2022-06-173true 14178885 2022-06-16 14178885 2022-06-17 2023-08-31 14178885 2021-09-01 2022-06-16 14178885 2023-08-31 14178885 c:Director1 2022-06-17 2023-08-31 14178885 d:CurrentFinancialInstruments 2023-08-31 14178885 d:Non-currentFinancialInstruments 2023-08-31 14178885 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14178885 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 14178885 d:ShareCapital 2022-06-17 2023-08-31 14178885 d:ShareCapital 2023-08-31 14178885 d:RetainedEarningsAccumulatedLosses 2022-06-17 2023-08-31 14178885 d:RetainedEarningsAccumulatedLosses 2023-08-31 14178885 c:FRS102 2022-06-17 2023-08-31 14178885 c:AuditExempt-NoAccountantsReport 2022-06-17 2023-08-31 14178885 c:FullAccounts 2022-06-17 2023-08-31 14178885 c:PrivateLimitedCompanyLtd 2022-06-17 2023-08-31 14178885 6 2022-06-17 2023-08-31 14178885 e:PoundSterling 2022-06-17 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 14178885










SWIE HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
SWIE HOLDINGS LIMITED
REGISTERED NUMBER: 14178885

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Investments
 5 
4,138,844

  
4,138,844

Current assets
  

Debtors: amounts falling due within one year
 6 
154

Cash at bank and in hand
  
4,405

  
4,559

Creditors: amounts falling due within one year
 7 
(1,160,056)

Net current (liabilities)/assets
  
 
 
(1,155,497)

Total assets less current liabilities
  
2,983,347

Creditors: amounts falling due after more than one year
 8 
(2,956,485)

  

Net assets
  
26,862


Capital and reserves
  

Called up share capital 
  
154

Profit and loss account
  
26,708

  
26,862


Page 1

 
SWIE HOLDINGS LIMITED
REGISTERED NUMBER: 14178885
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




John Bernard Colston
Director

Date: 14 March 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
SWIE HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
26,708
26,708


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
26,708
26,708


Contributions by and distributions to owners

Shares issued during the period
154
-
154


Total transactions with owners
154
-
154


At 31 August 2023
154
26,708
26,862

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
SWIE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

SWIE Holdings Limited is a private company, limited by shares, registered in England and Wales.
The company's registered office address is as below:
Unit 23 Mardon Park Central Avenue
Baglan
Port Talbot
Wales
SA12 7AX

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing the financial statements, the directors have considered the current financial position and has also assessed the financial future of the business. The directors have concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion the directors have considered the company's financial position.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its financial obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
SWIE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
SWIE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.


4.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Average number of employees
3


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
4,138,844



At 31 August 2023
4,138,844




Page 6

 
SWIE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

6.


Debtors

2023
£


Other debtors
154

154



7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
1,108,555

Other creditors
50,001

Accruals and deferred income
1,500

1,160,056



8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
1,954,533

Amounts owed to other participating interests
1,000,000

Other creditors
1,952

2,956,485


 
Page 7