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REGISTERED NUMBER: 12993110 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Old Swan Moorings Limited

Old Swan Moorings Limited (Registered number: 12993110)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Old Swan Moorings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S Beaufoy
S Nelson





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 12993110 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Old Swan Moorings Limited (Registered number: 12993110)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361 723
Investment property 5 290,625 262,500
290,986 263,223

CURRENT ASSETS
Debtors 140 -
Cash at bank 10,877 33,773
11,017 33,773
CREDITORS
Amounts falling due within one year 311,325 311,356
NET CURRENT LIABILITIES (300,308 ) (277,583 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,322 ) (14,360 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (9,422 ) (14,460 )
SHAREHOLDERS' FUNDS (9,322 ) (14,360 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Old Swan Moorings Limited (Registered number: 12993110)

Abridged Balance Sheet - continued
30 November 2023


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 30 November 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





S Beaufoy - Director


Old Swan Moorings Limited (Registered number: 12993110)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Old Swan Moorings 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 as modified by the revaluation of certain assets.

At the year end the company has net liabilities of £9,322 (2022 - £14,360). The company is expected to generate sufficient cash in the future to meet its financial obligations as they become due. Based on this, the directors consider it appropriate that the financial statements should be prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


Old Swan Moorings Limited (Registered number: 12993110)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 1,446
DEPRECIATION
At 1 December 2022 723
Charge for year 362
At 30 November 2023 1,085
NET BOOK VALUE
At 30 November 2023 361
At 30 November 2022 723

Old Swan Moorings Limited (Registered number: 12993110)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 262,500
Additions 15,000
Revaluations 13,125
At 30 November 2023 290,625
NET BOOK VALUE
At 30 November 2023 290,625
At 30 November 2022 262,500

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 12,500
Valuation in 2023 13,125
Cost 265,000
290,625

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100