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Company Registration No. 09951731 (England and Wales)
Swift Housing Ltd Unaudited accounts for the year ended 31 January 2024
Swift Housing Ltd Unaudited accounts Contents
Page
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Swift Housing Ltd Company Information for the year ended 31 January 2024
Director
Edit ISMAIL
Company Number
09951731 (England and Wales)
Registered Office
5 Brayford Square London London E1 0SG England
Accountants
Z Accountancy 67 the fairway Wembley London HA0 3TL
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Swift Housing Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,876 
56,939 
Current assets
Debtors
- 
2,924 
Cash at bank and in hand
166 
251 
166 
3,175 
Creditors: amounts falling due within one year
(8,620)
(14,198)
Net current liabilities
(8,454)
(11,023)
Total assets less current liabilities
48,422 
45,916 
Creditors: amounts falling due after more than one year
(40,615)
(40,377)
Net assets
7,807 
5,539 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,707 
5,439 
Shareholders' funds
7,807 
5,539 
For the year ending 31 January 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 19 September 2024 and were signed on its behalf by
Edit ISMAIL Director Company Registration No. 09951731
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Swift Housing Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Swift Housing Ltd is a private company, limited by shares, registered in England and Wales, registration number 09951731. The registered office is 5 Brayford Square, London, London, E1 0SG, England.
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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
56,752 
250 
57,002 
At 31 January 2024
56,752 
250 
57,002 
Depreciation
At 1 February 2023
- 
63 
63 
Charge for the year
- 
63 
63 
At 31 January 2024
- 
126 
126 
Net book value
At 31 January 2024
56,752 
124 
56,876 
At 31 January 2023
56,752 
187 
56,939 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,924 
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Swift Housing Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,340 
3,341 
Trade creditors
551 
1,021 
Taxes and social security
554 
1,036 
Loans from directors
5,000 
8,400 
Accruals
175 
400 
8,620 
14,198 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,615 
40,377 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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