1 December 2022 false No description of principal activity Taxfiler 2024.6 09870793business:PrivateLimitedCompanyLtd2022-12-012023-11-30 098707932022-11-30 098707932022-12-012023-11-30 09870793business:AuditExemptWithAccountantsReport2022-12-012023-11-30 09870793business:FilletedAccounts2022-12-012023-11-30 098707932023-11-30 098707932022-11-30 09870793core:WithinOneYear2023-11-30 09870793core:WithinOneYear2022-11-30 09870793core:AfterOneYear2023-11-30 09870793core:AfterOneYear2022-11-30 09870793core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09870793core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 09870793core:SharePremiumcore:PreviouslyStatedAmount2023-11-30 09870793core:SharePremiumcore:PreviouslyStatedAmount2022-11-30 09870793core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09870793core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 09870793core:PreviouslyStatedAmount2023-11-30 09870793core:PreviouslyStatedAmount2022-11-30 09870793business:SmallEntities2022-12-012023-11-30 09870793business:Director12022-12-012023-11-30 09870793countries:EnglandWales2022-12-012023-11-30 09870793business:RegisteredOffice2022-12-012023-11-30 09870793core:FurnitureFittings2022-12-012023-11-30 09870793core:ComputerEquipment2022-12-012023-11-30 09870793core:FurnitureFittings2022-11-30 09870793core:ComputerEquipment2022-11-30 09870793core:FurnitureFittings2023-11-30 09870793core:ComputerEquipment2023-11-30 098707932021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09870793 (England and Wales)
SWIFT GROUP LONDON LIMITED accounts for the year ended 30 November 2023
SWIFT GROUP LONDON LIMITED accounts Contents
Page
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SWIFT GROUP LONDON LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,930 
7,024 
Investment property
12,706,066 
11,977,986 
12,715,996 
11,985,010 
Current assets
Debtors
302,377 
216,846 
Cash at bank and in hand
44,966 
1,055,916 
347,343 
1,272,762 
Creditors: amounts falling due within one year
(126,365)
(259,272)
Net current assets
220,978 
1,013,490 
Total assets less current liabilities
12,936,974 
12,998,500 
Creditors: amounts falling due after more than one year
(4,504,703)
(4,635,518)
Net assets
8,432,271 
8,362,982 
Capital and reserves
Called up share capital
200 
200 
Share premium
8,048,234 
8,048,234 
Profit and loss account
383,837 
314,548 
Shareholders' funds
8,432,271 
8,362,982 
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Amin WARIND Director Company Registration No. 09870793
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SWIFT GROUP LONDON LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SWIFT GROUP LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09870793. The registered office is 710 ROMFORD ROAD, LONDON, E12 6BT, 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.
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% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
7,000 
1,332 
8,332 
Additions
5,335 
- 
5,335 
At 30 November 2023
12,335 
1,332 
13,667 
Depreciation
At 1 December 2022
398 
910 
1,308 
Charge for the year
2,324 
105 
2,429 
At 30 November 2023
2,722 
1,015 
3,737 
Net book value
At 30 November 2023
9,613 
317 
9,930 
At 30 November 2022
6,602 
422 
7,024 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
11,977,986 
Additions
728,080 
At 30 November 2023
12,706,066 
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SWIFT GROUP LONDON LIMITED Notes to the Accounts for the year ended 30 November 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
131,518 
65,801 
Other debtors
170,859 
151,045 
302,377 
216,846 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
43,517 
41,359 
Taxes and social security
42,545 
44,937 
Other creditors
18,226 
73,449 
Loans from directors
8,577 
86,027 
Deferred income
13,500 
13,500 
126,365 
259,272 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,504,703 
4,635,518 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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