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REGISTERED NUMBER: 01961515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Swingmill Limited

Swingmill Limited (Registered number: 01961515)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Swingmill Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G W Riley
D B Riley





REGISTERED OFFICE: Unit 1
11 Eagle Parade
Buxton
Derbyshire
SK17 6EQ





REGISTERED NUMBER: 01961515 (England and Wales)





ACCOUNTANTS: Guthrie Accountancy Services Ltd
Unit 1
11 Eagle Parade
Buxton
Derbyshire
SK17 6EQ

Swingmill Limited (Registered number: 01961515)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 275,900 285,276

CURRENT ASSETS
Debtors 5 23,627 20,726
Investments 6 1,541,700 1,033,937
Cash at bank 476,328 935,910
2,041,655 1,990,573
CREDITORS
Amounts falling due within one year 7 1,030,245 1,201,956
NET CURRENT ASSETS 1,011,410 788,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,287,310

1,073,893

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 209,270 209,270
Retained earnings 1,078,038 864,621
SHAREHOLDERS' FUNDS 1,287,310 1,073,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:




G W Riley - Director


Swingmill Limited (Registered number: 01961515)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Swingmill 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 473,430
DEPRECIATION
At 1 April 2023 188,154
Charge for year 9,376
At 31 March 2024 197,530
NET BOOK VALUE
At 31 March 2024 275,900
At 31 March 2023 285,276

Swingmill Limited (Registered number: 01961515)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 1996 355,355
Cost 118,075
473,430

If freehold buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 135,396 135,396

Freehold buildings were valued on an open market basis on 3 August 1995 by Barker & Company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,627 20,726

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 1,541,700 1,033,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 1
Taxation and social security 69,264 41,344
Other creditors 960,980 1,160,611
1,030,245 1,201,956

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 209,270

9. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of Mr GW Riley and Mrs DB Riley who are both Directors and joint shareholders in the company.