Company registration number 13076518 (England and Wales)
SW EXEC LTD
Unaudited financial statements
For the period ended 29 February 2024
Pages for filing with registrar
SW EXEC LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SW EXEC LTD
BALANCE SHEET
As at 29 February 2024
- 1 -
29 February 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Investments
3
925,465
925,465
Current assets
Debtors
123
Cash at bank and in hand
109
109
232
109
Creditors: amounts falling due within one year
4
(908,114)
(925,465)
Net current liabilities
(907,882)
(925,356)
Net assets
17,583
109
Capital and reserves
Called up share capital
5
109
109
Profit and loss reserves
17,474
Total equity
17,583
109
The notes on pages 2 to 3 form part of these financial statements.
For the financial period ended 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 of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 8 January 2025
Mr I Toumpis
Director
Company registration number 13076518 (England and Wales)
SW EXEC LTD
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 29 February 2024
- 2 -
1
Accounting policies
Company information
SW Exec Ltd ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered number is 13076518. The address of its registered office is 703 High Road, London N12 0BT.
1.1
Reporting period
[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]
1.2
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
1.3
Valuation of Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
1.4
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penaly on notice of not more than 24 hours.
1.5
Creditors
Short-term creditors are measured at the transaction price.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
1
1
3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
925,465
925,465
4
Creditors: amounts falling due within one year
2024
2022
£
£
Amounts owed to group undertakings
908,114
925,465
SW EXEC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the period ended 29 February 2024
- 3 -
5
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,890
10,890
109
109
6
Related party transactions
At the balance sheet date, the company owed £908,114 (2022 - £925,465) to subsidiary undertakings.