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Registered number: 04419059
SWSL Holdings Limited
Financial Statements
For The Year Ended 31 December 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04419059
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,180,000 1,180,000
Investments 5 411,820 411,820
1,591,820 1,591,820
CURRENT ASSETS
Debtors 6 357,623 358,149
Cash at bank and in hand 200 200
357,823 358,349
Creditors: Amounts Falling Due Within One Year 7 (274,433 ) (274,959 )
NET CURRENT ASSETS (LIABILITIES) 83,390 83,390
TOTAL ASSETS LESS CURRENT LIABILITIES 1,675,210 1,675,210
PROVISIONS FOR LIABILITIES
Deferred Taxation (200,332 ) (200,332 )
NET ASSETS 1,474,878 1,474,878
CAPITAL AND RESERVES
Called up share capital 8 717 717
Share premium account 179,782 179,782
Revaluation reserve 9 1,001,662 1,001,662
Profit and Loss Account 292,717 292,717
SHAREHOLDERS' FUNDS 1,474,878 1,474,878
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Griffiths
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SWSL Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04419059 . The registered office is 17 Gold Street, Saffron Walden, Essex, CB10 1EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No charge
A valuation of the company's property was carried out in June 2017 by Bidwells Estate Agents and Property Consultants and the Directors consider that no material changes has affected this to date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 1,180,000
As at 31 December 2023 1,180,000
Net Book Value
As at 31 December 2023 1,180,000
As at 1 January 2023 1,180,000
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 411,820
As at 31 December 2023 411,820
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 411,820
As at 1 January 2023 411,820
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 357,623 358,149
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 274,433 274,959
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 717 717
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 1,001,662
As at 31 December 2023 1,001,662
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10. Related Party Transactions
Included in other debtors is £337,772 (2022: £325,934) due from Gold Street Laundry Limited, a subsidiary, interest is being accrued on this loan.
Also included in other debtors is £19,851 (2022: £32,215) due from The Saffron Walden Steam Laundry Company Limited, a subsidiary, no interest is charged on this loan.
Interest is being charged on the credit balance on the directors loan account balance and this in turn is being charged on to the subsidiary for which the funds were used as above.
11. Controlling Party
Mr S Griffiths, the director owns one third of the company's share capital.  There is no person or party to who, without acting in concert with other parties, would be able to control the company.
Page 5