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REGISTERED NUMBER: 12973236 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SWR PROPERTY HOLDINGS LIMITED

SWR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12973236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SWR PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2023







DIRECTOR: S W Robinson





REGISTERED OFFICE: Longcliffe Works
Longcliffe
Brassington
Matlock
Derbyshire
DE4 4HN





REGISTERED NUMBER: 12973236 (England and Wales)





ACCOUNTANTS: Mills & Black
Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU

SWR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12973236)

ABRIDGED BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,789,212 1,388,322

CURRENT ASSETS
Debtors 41,676 48,368
Cash at bank 8,916 7,792
50,592 56,160
CREDITORS
Amounts falling due within one year 36,146 33,090
NET CURRENT ASSETS 14,446 23,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,803,658

1,411,392

CREDITORS
Amounts falling due after more than one
year

4

1,756,408

1,389,249
NET ASSETS 47,250 22,143

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,248 22,141
47,250 22,143

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 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.

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 Balance Sheet for the year ended 31 October 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.

SWR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12973236)

ABRIDGED BALANCE SHEET - continued
31 October 2023



The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





S W Robinson - Director


SWR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12973236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2023

1. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,388,322
Additions 400,890
At 31 October 2023 1,789,212
NET BOOK VALUE
At 31 October 2023 1,789,212
At 31 October 2022 1,388,322

Included in fair value of investment property is freehold land of £ 202,670 (2022 - £ 202,670 ) which is not depreciated.

SWR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 12973236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2023

3. INVESTMENT PROPERTY - continued

The investment properties were valued on an open market basis on the 31/10/2023 by the directors.

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 909,768 607,149

5. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 1,075,052 702,543

Additional security has been added to the loans - guaranteed between Robinsons Longcliffe Ltd and SWR Property Holdings Limited.