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REGISTERED NUMBER: 07102057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SWAN INDEPENDENT LIVING LIMITED

SWAN INDEPENDENT LIVING LIMITED (REGISTERED NUMBER: 07102057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWAN INDEPENDENT LIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: G Pattni
R Pattni





REGISTERED OFFICE: 1A Bishops Avenue
Northwood
Middlesex
HA6 3DQ





REGISTERED NUMBER: 07102057 (England and Wales)





ACCOUNTANTS: Shah and Shin
27A Green Lane
Northwood, Middlesex
HA6 2PX

SWAN INDEPENDENT LIVING LIMITED (REGISTERED NUMBER: 07102057)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,931 31,854

CURRENT ASSETS
Debtors 5 133,995 198,658
Cash at bank 1,617 2,088
135,612 200,746
CREDITORS
Amounts falling due within one year 6 106,988 87,221
NET CURRENT ASSETS 28,624 113,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,555

145,379

PROVISIONS FOR LIABILITIES 3,302 3,302
NET ASSETS 146,253 142,077

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 146,154 141,978
SHAREHOLDERS' FUNDS 146,253 142,077

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.

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 29 August 2024 and were signed on its behalf by:



G Pattni - Director


SWAN INDEPENDENT LIVING LIMITED (REGISTERED NUMBER: 07102057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

SWAN INDEPENDENT LIVING 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 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.

Freehold and leasehold property - 2% straight line or over the period of the lease
Fixtures, fittings and equipment - 15 % per annum on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

SWAN INDEPENDENT LIVING LIMITED (REGISTERED NUMBER: 07102057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 72,639
Additions 91,286
At 30 November 2023 163,925
DEPRECIATION
At 1 December 2022 40,785
Charge for year 2,209
At 30 November 2023 42,994
NET BOOK VALUE
At 30 November 2023 120,931
At 30 November 2022 31,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,674 78,056
Amounts owed by group undertakings - 37,779
Other debtors 70,321 82,823
133,995 198,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3 2
Amounts owed to group undertakings 15,674 -
Taxation and social security 77,928 84,380
Other creditors 13,383 2,839
106,988 87,221

7. ULTIMATE CONTROLLING PARTY

The controlling party is Aspendale Investments Limited.