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
Swift Property Lettings Ltd
Company Information
for the year ended 31 March 2024
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
Swift Property Lettings Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
71,772
94,277
Creditors: amounts falling due within one year
(129,411)
(125,161)
Net current liabilities
(613)
(877)
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
Swift Property Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 March 2024
-
713
713
At 31 March 2023
-
977
977
Swift Property Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,575
3,226
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
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).