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Company Registration No. 04553728 (England and Wales)
SWABY SOFTWARE LIMITED Unaudited accounts for the year ended 29 February 2024
SWABY SOFTWARE LIMITED Unaudited accounts Contents
Page
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SWABY SOFTWARE LIMITED Company Information for the year ended 29 February 2024
Director
Rachel E Thomas
Company Number
04553728 (England and Wales)
Registered Office
89 Holcroft Court Clipstone Street London W1W 5DG
Accountants
Brett Estry and Company Enterprise House Ocean Way Southampton SO14 3BX
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SWABY SOFTWARE LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,058,000 
1,092,298 
Investments
- 
53,178 
1,058,000 
1,145,476 
Current assets
Debtors
1,600 
1,950 
Cash at bank and in hand
41,073 
20,042 
42,673 
21,992 
Creditors: amounts falling due within one year
(60,025)
(116,086)
Net current liabilities
(17,352)
(94,094)
Total assets less current liabilities
1,040,648 
1,051,382 
Creditors: amounts falling due after more than one year
(398,000)
(543,487)
Net assets
642,648 
507,895 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
642,647 
507,894 
Shareholders' funds
642,648 
507,895 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2024 and were signed on its behalf by
Rachel E Thomas Director Company Registration No. 04553728
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SWABY SOFTWARE LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SWABY SOFTWARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04553728. The registered office is 89 Holcroft Court, Clipstone Street, London, W1W 5DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,092,298 
Disposals
(234,000)
Net gain from fair value adjustments
199,702 
At 29 February 2024
1,058,000 
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
53,178 
Disposals
(53,178)
Valuation at 29 February 2024
- 
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SWABY SOFTWARE LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,600 
1,950 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,600 
31,786 
Loans from directors
57,625 
82,520 
Accruals
800 
800 
Deferred income
- 
980 
60,025 
116,086 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
398,000 
543,487 
Secured loans The bank loans are secured by fixed charges over the company's investment property and a floating charge over the other assets of the company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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