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REGISTERED NUMBER: 05247052 (England and Wales)










SWANSWELL CLOSE MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SWANSWELL CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 05247052)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SWANSWELL CLOSE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T O L Jones
R N Armstrong





REGISTERED OFFICE: R J Chartered Surveyors
Ethos
Kings Road
Swansea
SA1 8AS





REGISTERED NUMBER: 05247052 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

SWANSWELL CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 05247052)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,269 1,373
Cash at bank 26,484 27,978
27,753 29,351
CREDITORS
Amounts falling due within one year 5 1,138 5,480
NET CURRENT ASSETS 26,615 23,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,615

23,871

CAPITAL AND RESERVES
Called up share capital 36 36
Retained earnings 26,579 23,835
SHAREHOLDERS' FUNDS 26,615 23,871

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.

SWANSWELL CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 05247052)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




T O L Jones - Director



R N Armstrong - Director


SWANSWELL CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 05247052)

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

1. STATUTORY INFORMATION

Swanswell Close Management 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.

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.

Turnover
Turnover represents amounts receivable for the general management and maintenance of the communal grounds at Swanswell Close.

Taxation
The company is exempt from tax on any surplus with the exception of interest as it is a mutual property management company.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,269 1,373

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Maintenance charges received
in advance 225 4,724
Taxation and social security 100 -
Accruals 813 756
1,138 5,480

SWANSWELL CLOSE MANAGEMENT LIMITED (REGISTERED NUMBER: 05247052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.