Caseware UK (AP4) 2022.0.179 2022.0.179 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Property developmentfalsetrue2023-04-012false2true 13010481 2023-04-01 2024-03-31 13010481 2022-04-01 2023-03-31 13010481 2024-03-31 13010481 2023-03-31 13010481 2022-04-01 13010481 c:Director1 2023-04-01 2024-03-31 13010481 d:CurrentFinancialInstruments 2024-03-31 13010481 d:CurrentFinancialInstruments 2023-03-31 13010481 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13010481 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13010481 d:ShareCapital 2024-03-31 13010481 d:ShareCapital 2023-03-31 13010481 d:ShareCapital 2022-04-01 13010481 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13010481 d:RetainedEarningsAccumulatedLosses 2024-03-31 13010481 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13010481 d:RetainedEarningsAccumulatedLosses 2023-03-31 13010481 d:RetainedEarningsAccumulatedLosses 2022-04-01 13010481 c:FRS102 2023-04-01 2024-03-31 13010481 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13010481 c:FullAccounts 2023-04-01 2024-03-31 13010481 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13010481 2 2023-04-01 2024-03-31 13010481 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13010481










SWARFIELD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SWARFIELD LIMITED
REGISTERED NUMBER: 13010481

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,180
-

Cash at bank and in hand
  
44,221
85,382

  
50,401
85,382

Creditors: amounts falling due within one year
 5 
(1,140)
(32,181)

Net current assets
  
 
 
49,261
 
 
53,201

Total assets less current liabilities
  
49,261
53,201

  

Net assets
  
49,261
53,201


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
48,261
52,201

  
49,261
53,201


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 profit and loss account 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 17 April 2024.




N Tingey
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
SWARFIELD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
1,000
(3,331)
(2,331)


Comprehensive income for the year

Profit for the year
-
55,532
55,532



At 1 April 2023
1,000
52,201
53,201


Comprehensive income for the year

Profit for the year
-
60
60


Contributions by and distributions to owners

Dividends: Equity capital
-
(4,000)
(4,000)


At 31 March 2024
1,000
48,261
49,261


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
SWARFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Swarfield Limited is a private company limited by shares and registered in England and Wales (13010481). The registered address is 52 New Town, Uckfield, East Sussex, TN22 5DE.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover consists of proceeds from sales of property, which are recognised on legal completion of the sale of a property.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

 
2.7

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.
Page 3

 
SWARFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
SWARFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
SWARFIELD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
6,180
-



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
13,371

Other creditors
-
16,735

Accruals and deferred income
1,140
2,075

1,140
32,181



6.


Related party transactions

Included within other debtors is an interest free loan to the value of £5,980 (2023 - £16,735 owed to the directors) owed from the directors of the company. This amount is repayable on demand. 

 
Page 6