2023-07-012024-06-302024-06-30false03276597S & W (HOLDINGS) 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S & W (HOLDINGS) LIMITED

Registered Number
03276597
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

S & W (HOLDINGS) LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

WALSH, Seamus

Company Secretary

HARTLEY, Haley

Registered Address

71 The Orchard
Winchmore Hill
N21 2DJ

Registered Number

03276597 (England and Wales)
S & W (HOLDINGS) LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,734,4541,734,462
1,734,4541,734,462
Current assets
Debtors152,441150,104
Cash at bank and on hand1,959,7791,957,649
2,112,2202,107,753
Creditors amounts falling due within one year4(42,873)(88,163)
Net current assets (liabilities)2,069,3472,019,590
Total assets less current liabilities3,803,8013,754,052
Net assets3,803,8013,754,052
Capital and reserves
Called up share capital3030
Revaluation reserve1,222,9711,222,971
Profit and loss account2,580,8002,531,051
Shareholders' funds3,803,8013,754,052
The financial statements were approved and authorised for issue by the Director on 26 July 2024, and are signed on its behalf by:
WALSH, Seamus
Director
Registered Company No. 03276597
S & W (HOLDINGS) LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 July 231,734,4318,7111,743,142
At 30 June 241,734,4318,7111,743,142
Depreciation and impairment
At 01 July 23-8,6808,680
Charge for year-88
At 30 June 24-8,6888,688
Net book value
At 30 June 241,734,431231,734,454
At 30 June 231,734,431311,734,462
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-2,846
Taxation and social security34,10946,708
Other creditors1,24835,628
Accrued liabilities and deferred income7,5162,981
Total42,87388,163
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Related party transactions
The Company was under the control of Mr Walsh throughout the current and the previous year. Mr Walsh is the managing director and majority shareholder. The Company owed the director £1,248, (2022:£1,798) The director was paid a dividend of £59,000, (2023:£102,000)