1 March 2023 false No description of principal activity Taxfiler 2024.6 11811529business:PrivateLimitedCompanyLtd2023-03-012024-02-29 118115292023-02-28 118115292023-03-012024-02-29 11811529business:AuditExemptWithAccountantsReport2023-03-012024-02-29 11811529business:AbridgedAccounts2023-03-012024-02-29 118115292024-02-29 11811529business:Director12023-03-012024-02-29 11811529business:RegisteredOffice2023-03-012024-02-29 118115292023-02-28 11811529core:WithinOneYear2024-02-29 11811529core:WithinOneYear2023-02-28 11811529core:AfterOneYear2024-02-29 11811529core:AfterOneYear2023-02-28 11811529core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11811529core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11811529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11811529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11811529core:PreviouslyStatedAmount2024-02-29 11811529core:PreviouslyStatedAmount2023-02-28 11811529business:SmallEntities2023-03-012024-02-29 11811529countries:EnglandWales2023-03-012024-02-29 11811529core:FurnitureFittings2023-03-012024-02-29 118115292022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11811529 (England and Wales)
Swallands Estates Ltd Unaudited accounts for the year ended 29 February 2024
Swallands Estates Ltd Unaudited accounts Contents
Page
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Swallands Estates Ltd Company Information for the year ended 29 February 2024
Director
Meir Goldberg
Company Number
11811529 (England and Wales)
Registered Office
69 Ferndale Road London N15 6UG England
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Swallands Estates Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,623 
3,340 
Investment property
495,000 
495,000 
498,623 
498,340 
Current assets
Debtors
18,100 
5,100 
Cash at bank and in hand
5,408 
8,698 
23,508 
13,798 
Creditors: amounts falling due within one year
(99,731)
(97,257)
Net current liabilities
(76,223)
(83,459)
Total assets less current liabilities
422,400 
414,881 
Creditors: amounts falling due after more than one year
(355,250)
(355,250)
Provisions for liabilities
Deferred tax
(8,300)
(8,300)
Net assets
58,850 
51,331 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
58,750 
51,231 
Shareholders' funds
58,850 
51,331 
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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 November 2024 and were signed on its behalf by
Meir Goldberg Director Company Registration No. 11811529
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Swallands Estates Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Swallands Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 11811529. The registered office is 69 Ferndale Road, London, N15 6UG, 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
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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
25% reducing balance basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Swallands Estates Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
4,700 
Additions
1,490 
At 29 February 2024
6,190 
Depreciation
At 1 March 2023
1,360 
Charge for the year
1,207 
At 29 February 2024
2,567 
Net book value
At 29 February 2024
3,623 
At 28 February 2023
3,340 
5
Transactions with related parties
Included within creditors is an amount aggregating to £38,028 (2023: £38,028) due to companies with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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