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SWM Homes Limited
 
 
Company Registration Number
10988795
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/09/2022
 
End date 31/08/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
SWM Homes Limited
 
Contents of the Financial Statements
for the Period Ended 31 August 2023
 
 
Page
Company Information 3
 
Abridged Balance Sheet 4 - 5
 
Notes to the Financial Statements 6 - 8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
SWM Homes Limited
Company Information
for the Period Ended 31 August 2023
 
Directors S McGuinness
 
 
Registered office SWM Offices
Headcorn Road
Biddenden
Kent. TN27 8JY
 
Company Registration Number 10988795
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
SWM Homes Limited
Balance Sheet
for the Period Ended 31 August 2023
Company registration number 10988795
2023 2,022
Notes £ £
Current assets
Stocks 2 597,602 180,856
Debtors 3 91,559 235,437
Cash at bank and in hand 1,624 9,870
_______ _______
Total current assets/(liabilities) 690,785 426,163
Creditors
Creditors - amounts falling
due within one year 4 589,381 324,097
_______ _______
Net current assets 101,404 102,066
_______ _______
Total assets less current liabilities 101,404 102,066
_______ _______
Net assets/(liabilities) 101,404 102,066
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 6 101,304 101,966
______ ______
Total shareholders funds 101,404 102,066
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
SWM Homes Limited
 
Balance Sheet
for the Period Ended 31 August 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-08-23
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name S McGuinness
 
The notes form part of these financial statements
Average number of employees during period 1
 
 
 
 
 
 
 
Page 5
SWM Homes Limited
Notes to the Financial Statements
for the Period Ended 31 August 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
SWM Homes Limited
Notes to the Financial Statements
for the Period Ended 31 August 2023
2. Stocks 2023 2,022
Work in progress 597,602 180,856
Total 597,602 180,856
3. Debtors 2023 2,022
Other debtors 11,459 8,062
Amounts owed by group undertakings 80,100 227,375
_____ ______
Total 91,559 235,437
4. Creditors amounts falling due within one year 2023 2,022
Bank loans and overdrafts 27,330 37,453
Amounts owed to group undertakings 505,265 267,581
Corporation tax 2,542
Other taxation and social security 1,260
Other creditors 56,786 15,261
______ ______
Total 589,381 324,097
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
SWM Homes Limited
Notes to the Financial Statements
for the Period Ended 31 August 2023
5. Share capital 2023 2,022
Authorised type Par value £ £
Ordinary 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary 100 100
___ ___
Total 100 100
6. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 September 2022 101,966
Profit/(Loss) for year (662)
Dividends paid
______
Retained Profit/(Loss) at 31 August 2023 101,304
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8