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Registered number: 13722663
Swain Enterprise Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13722663
29 February 2024 28 February 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,042,602 55,000
Investments 5 1,000 1,000
Cash at bank and in hand 100,642 49,366
1,144,244 105,366
Creditors: Amounts Falling Due Within One Year 6 (75,434 ) (390 )
NET CURRENT ASSETS (LIABILITIES) 1,068,810 104,976
TOTAL ASSETS LESS CURRENT LIABILITIES 1,068,810 104,976
NET ASSETS 1,068,810 104,976
CAPITAL AND RESERVES
Called up share capital 7 500 500
Profit and Loss Account 1,068,310 104,476
SHAREHOLDERS' FUNDS 1,068,810 104,976
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J P Swain
Director
26/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Swain Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13722663 . The registered office is Unit 3b Aston Industrial Estate Parsons Lane, Hope, Hope Valley, S33 6RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements contain information about Swain Enterprise Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under section 399 (2A) of the Companies Act 2006, which allows the exemption from preparing group accounts where the company is subject to the small companies regime.
2.2. Investments in Shares
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. 
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
2.3. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Amounts owed by group undertakings 1,042,422 55,000
Other debtors 180 -
1,042,602 55,000
5. Current Asset Investments
29 February 2024 28 February 2023
£ £
Shares in subsidiaries 1,000 1,000
At 29 February 2024, the company held 100% of the share capital of Redstar Online Limited, United Property Group Limited and Mollypops Limited.
The three subsidiaries are incorporated in the UK
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 181 -
Amounts owed to group undertakings 74,417 -
Other creditors 836 390
75,434 390
7. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 500 500
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 3