Company registration number 12023079 (England and Wales)
SWAN ABOUT EVENTS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SWAN ABOUT EVENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SWAN ABOUT EVENTS LTD (REGISTERED NUMBER: 12023079)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
232,158
209,747
Current assets
Debtors
4
274,880
302,556
Cash at bank and in hand
5,578
1,941
280,458
304,497
Creditors: amounts falling due within one year
5
(425,243)
(361,936)
Net current liabilities
(144,785)
(57,439)
Net assets
87,373
152,308
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
87,273
152,208
Total equity
87,373
152,308

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 September 2024 and are signed on its behalf by:
C D S Wright
Director
SWAN ABOUT EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Swan About Events Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

 

The company will receive the support of its parent company, Swan London Limited.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Turnover relating to events is recognised based on the date of the event.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Straight line over 3 years
SWAN ABOUT EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2023
266,022
Additions
157,778
At 31 December 2023
423,800
Depreciation and impairment
At 1 January 2023
56,275
Depreciation charged in the year
135,367
At 31 December 2023
191,642
Carrying amount
At 31 December 2023
232,158
At 31 December 2022
209,747
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
274,880
302,456
Other debtors
-
0
100
274,880
302,556
SWAN ABOUT EVENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
58,204
182,167
Amounts owed to group undertakings
315,567
154,711
Taxation and social security
46,347
20,048
Other creditors
5,125
5,010
425,243
361,936
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Declan McCusker
Statutory Auditor:
Perrys Audit Limited
Date of audit report:
24 September 2024
8
Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company which are publicly available and this company is a wholly owned subsidiary of the group.

9
Parent company

As at 31 December 2023, the parent company was Swan at the Globe Limited, a company registered in England and Wales. The registered office address of the parent company is 4th Floor, 399-401 Strand, London WC2R 0LT.

The ultimate parent company is Swan London Limited, also registered at 4th Floor, 399-401 Strand, London WC2R 0LT.

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