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REGISTERED NUMBER: 03242379 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH SEPTEMBER 2023

FOR

SWEDISH QUAYS (FREEHOLD) LIMITED

SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWEDISH QUAYS (FREEHOLD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH SEPTEMBER 2023







DIRECTORS: D G Smith
S Hilton
M Harper
M C Adriaans
J F Elliott
M Mitas
V Sharma





SECRETARY: Rendall and Rittner Limited





REGISTERED OFFICE: Rendall and Rittner Limited
13b St. George Wharf
London
SW8 2LE





REGISTERED NUMBER: 03242379 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379)

BALANCE SHEET
28TH SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 67,000 67,000

CURRENT ASSETS
Debtors 5 1,690 600
Cash at bank 12,617 72,189
14,307 72,789
CREDITORS
Amounts falling due within one year 6 16,632 15,139
NET CURRENT (LIABILITIES)/ASSETS (2,325 ) 57,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,675

124,650

CAPITAL AND RESERVES
Called up share capital 834 829
Share premium 20,082 20,082
Retained earnings 43,759 103,739
SHAREHOLDERS' FUNDS 64,675 124,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th September 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.

SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379)

BALANCE SHEET - continued
28TH SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2024 and were signed on its behalf by:





V Sharma - Director


SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Swedish Quays (Freehold) Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover represents ground rents receivable.

Taxation
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.

Tangible fixed assets
Tangible fixed assets comprise freehold land and buildings and car parking spaces, held as investments.

No depreciation is provided on the freehold property as the directors consider the depreciation charge to be immaterial. The directors do not consider it necessary to perform an annual impairment review as they consider the net realisable value exceeds cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
At 29th September 2022
and 28th September 2023 67,000
NET BOOK VALUE
At 28th September 2023 67,000
At 28th September 2022 67,000

SWEDISH QUAYS (FREEHOLD) LIMITED (REGISTERED NUMBER: 03242379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 155 150
Due from lessees 1,535 450
1,690 600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Lessee payments in advance 2,490 1,328
Due to Swedish Quays Residents Society
Limited

12,882

12,882
Accrued expenses 1,260 929
16,632 15,139

7. RELATED PARTY DISCLOSURES

Swedish Quays Residents Society Limited deals with the management of flats 1 to 95, Swedish Quays, Rope Street, Southwark, London, whilst Swedish Quays (Freehold) Limited collects ground rents on the freehold.

Swedish Quays (Freehold) Limited has an agreement with Swedish Quays Residents Society Limited under which it will operate an intercompany account recording amounts paid by the Society on behalf of Swedish Quays (Freehold) Limited, and amounts received by the Society. The accounts show an amount owed to Swedish Quays Residents Society Limited by Swedish Quays (Freehold) Limited as at 28th September 2023 of £12,882 (2022 - £12,882).