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SWAN HOUSE INVESTMENTS LIMITED

Registered Number
05944359
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SWAN HOUSE INVESTMENTS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mr P A Hage

Company Secretary

Mr P A Hage

Registered Address

Swan House
Exchange Road
Lincoln
LN6 3JZ

Registered Number

05944359 (England and Wales)
SWAN HOUSE INVESTMENTS LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments41010
Investment property3288,235288,235
288,245288,245
Current assets
Debtors5459438
Current asset investments665,23262,978
Cash at bank and on hand940,627802,789
1,006,318866,205
Creditors amounts falling due within one year7(11,182)(4,491)
Net current assets (liabilities)995,136861,714
Total assets less current liabilities1,283,3811,149,959
Provisions for liabilities8(13,812)(10,069)
Net assets1,269,5691,139,890
Capital and reserves
Called up share capital55
Profit and loss account1,269,5641,139,885
Shareholders' funds1,269,5691,139,890
The financial statements were approved and authorised for issue by the Director on 17 December 2024, and are signed on its behalf by:
Mr P A Hage
Director
Registered Company No. 05944359
SWAN HOUSE INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention, except that as disclosed in the accounting policies certain items are shown at fair value, and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Interest income
Interest income is recognised using the effective interest rate method.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment properties are revalued annually. Any aggregate surplus or deficit arising from changes in market value is transferred to the profit and loss and is not treated as distributable.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Investment property
The fair value of the company's property was revalued on 30 June 2023. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £234,059 (2023 - £234,059)

£
Fair value at 01 July 23288,235
At 30 June 24288,235
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 July 231010
At 30 June 241010
Net book value
At 30 June 241010
At 30 June 231010

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income459438
Total459438
6.Current asset investments
Financial assets at fair value through profit and loss Cost or valuation At 1st July 2023 £62,978 Fair value adjustments £2,254 At 30th June 2024 £65,232 Carrying amount 30th June 2024 £65,232 30th June 2023 £62,978
7.Creditors: amounts due within one year

2024

2023

££
Taxation and social security9,6734,311
Accrued liabilities and deferred income1,509180
Total11,1824,491
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)13,81210,069
Total13,81210,069
9.Parent-subsidiary relationships
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.