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Company Registration No. 07321249 (England and Wales)
Swift Property Lettings Ltd Unaudited accounts for the year ended 31 March 2024
Swift Property Lettings Ltd Unaudited accounts Contents
Page
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Swift Property Lettings Ltd Company Information for the year ended 31 March 2024
Director
Daniel Lees
Secretary
Martina Lees
Company Number
07321249 (England and Wales)
Registered Office
Studio 150, 30 Red Lion Street Richmond Surrey TW9 1RB United Kingdom
Accountants
Eldora Consulting Ltd 83 Ducie Street Manchester M1 2JQ
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Swift Property Lettings Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
713 
977 
Current assets
Debtors
57,026 
30,007 
Cash at bank and in hand
71,772 
94,277 
128,798 
124,284 
Creditors: amounts falling due within one year
(129,411)
(125,161)
Net current liabilities
(613)
(877)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 31 March 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 his 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 9 October 2024 and were signed on its behalf by
Daniel Lees Director Company Registration No. 07321249
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Swift Property Lettings Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Swift Property Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 07321249. The registered office is Studio 150, 30 Red Lion Street, Richmond, Surrey, TW9 1RB, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,103 
1,975 
10,078 
At 31 March 2024
8,103 
1,975 
10,078 
Depreciation
At 1 April 2023
8,103 
998 
9,101 
Charge for the year
- 
264 
264 
At 31 March 2024
8,103 
1,262 
9,365 
Net book value
At 31 March 2024
- 
713 
713 
At 31 March 2023
- 
977 
977 
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Swift Property Lettings Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,312 
11,951 
Accrued income and prepayments
4,301 
2,915 
Other debtors
31,413 
15,141 
57,026 
30,007 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,575 
3,226 
VAT
3,397 
11,387 
Trade creditors
9,995 
4,971 
Taxes and social security
26,625 
21,660 
Other creditors
88,527 
82,898 
Loans from directors
(3,258)
469 
Accruals
550 
550 
129,411 
125,161 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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