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REGISTERED NUMBER: 04962761
















Unaudited Financial Statements for the Year Ended 31 December 2023

for


John Swift Property Company Limited



John Swift Property Company Limited (Registered number: 04962761)








Contents of the Financial Statements

for the Year Ended 31 December 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





John Swift Property Company Limited



Company Information

for the Year Ended 31 December 2023









DIRECTORS:

K S Malone


A L Hackett







SECRETARY:

K S Malone







REGISTERED OFFICE:

John Swift Building


19 Mason Street


Manchester


M4 5FT







REGISTERED NUMBER:

04962761







ACCOUNTANTS:

Uppal & Warr


Chartered Accountants


452 Manchester Road


Heaton Chapel


Stockport


SK4 5DL



John Swift Property Company Limited (Registered number: 04962761)



Balance Sheet

31 December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

1,103,555


1,103,555




CURRENT ASSETS

Investments

5

200,356


199,337



Cash at bank and in hand

19,749


28,608



220,105


227,945



CREDITORS

Amounts falling due within one year

6

23,749


24,763



NET CURRENT ASSETS

196,356


203,182



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,299,911


1,306,737




CREDITORS

Amounts falling due after more than one

year

7

16,456


22,349



NET ASSETS

1,283,455


1,284,388




CAPITAL AND RESERVES

Called up share capital

8

7


7



Revaluation reserve

9

363,589


363,589



Retained earnings

9

919,859


920,792



SHAREHOLDERS' FUNDS

1,283,455


1,284,388




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.



John Swift Property Company Limited (Registered number: 04962761)



Balance Sheet - continued

31 December 2023



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 13 August 2024 and were signed on its behalf by:






K S Malone - Director




John Swift Property Company Limited (Registered number: 04962761)



Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



John Swift Property Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.    



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Freehold property

-

not provided



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 2 (2022 - 2 ) .


4.

TANGIBLE FIXED ASSETS


Freehold


property

£   



COST OR VALUATION


At 1 January 2023


and 31 December 2023

1,103,555




NET BOOK VALUE


At 31 December 2023

1,103,555




At 31 December 2022

1,103,555





John Swift Property Company Limited (Registered number: 04962761)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


4.

TANGIBLE FIXED ASSETS - continued



Cost or valuation at 31 December 2023 is represented by:



Freehold


property

£   



Valuation in 2023

1,103,555




5.

CURRENT ASSET INVESTMENTS


31.12.23


31.12.22

£   

£   



AFH Wealth Management

200,356


199,337




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Tax

21,289


22,303




Accrued expenses

2,460


2,460



23,749


24,763




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.12.23


31.12.22

£   

£   



Bank loans

16,456


22,349




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



4

Ordinary

£1

4


4




2

B Shares

£1

2


2




1

C Shares

£1

1


1



7


7




9.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 January 2023

920,792


363,589


1,284,381




Profit for the year

79,067


79,067




Dividends

(80,000

)

(80,000

)



At 31 December 2023

919,859


363,589


1,283,448