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Registration number: 01744381

Swegon Cooling Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Swegon Cooling Ltd

(Registration number: 01744381)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

345,072

345,072

Capital and reserves

 

Called up share capital

4

63,622

63,622

Share premium reserve

237,308

237,308

Capital redemption reserve

3,132

3,132

Retained earnings

41,010

41,010

Shareholders' funds

 

345,072

345,072

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 September 2024 and signed on its behalf by:
 

.........................................
Mr A McKay
Director

 

Swegon Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Swegon
Stourbridge Road
Bridgnorth
Shropshire
WV15 5BB

These financial statements were authorised for issue by the Board on 6 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the 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 receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Swegon Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

345,072

345,072

   

345,072

345,072

4

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

63,622

63,622

63,622

63,622

       

5

Parent and ultimate parent undertaking

The company's immediate parent is Swegon Limited, incorporated in England and Wales.

  These financial statements are available upon request from J A Wettergrens gata 7, Box 336SE-401 25, Gothenburg, Sweden.

 The ultimate controlling party is Investment AB Latour.