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REGISTERED NUMBER: 08037220 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Swan Corporate Limited

Swan Corporate Limited (Registered number: 08037220)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Swan Corporate Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D Sherwin





SECRETARY: N J Sherwin





REGISTERED OFFICE: Swan House
The Park
Market Bosworth
Warwickshire
CV13 0LJ





REGISTERED NUMBER: 08037220 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Swan Corporate Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swan Corporate Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Swan Corporate Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Swan Corporate Limited and state those matters that we have agreed to state to the director of Swan Corporate Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swan Corporate Limited and its director for our work or for this report.

It is your duty to ensure that Swan Corporate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Swan Corporate Limited. You consider that Swan Corporate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Swan Corporate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


29 January 2025

Swan Corporate Limited (Registered number: 08037220)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 30,000
Property, plant and equipment 5 1,166,322 1,178,665
1,181,322 1,208,665

CURRENT ASSETS
Inventories 1,079,111 1,075,439
Debtors 6 5,813 18,375
Cash at bank and in hand 21,589 11,213
1,106,513 1,105,027
CREDITORS
Amounts falling due within one year 7 893,291 920,570
NET CURRENT ASSETS 213,222 184,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,394,544

1,393,122

CREDITORS
Amounts falling due after more than
one year

8

(305,744

)

(376,321

)

PROVISIONS FOR LIABILITIES (3,230 ) (3,164 )
NET ASSETS 1,085,570 1,013,637

Swan Corporate Limited (Registered number: 08037220)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,085,470 1,013,537
SHAREHOLDERS' FUNDS 1,085,570 1,013,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





D Sherwin - Director


Swan Corporate Limited (Registered number: 08037220)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Swan Corporate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and is recognised at the point of invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Swan Corporate Limited (Registered number: 08037220)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023 120,000
Charge for year 15,000
At 30 September 2024 135,000
NET BOOK VALUE
At 30 September 2024 15,000
At 30 September 2023 30,000

Swan Corporate Limited (Registered number: 08037220)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 1,268,169 17,834 17,691 23,767 1,327,461
Additions - 2,291 - - 2,291
At 30 September 2024 1,268,169 20,125 17,691 23,767 1,329,752
DEPRECIATION
At 1 October 2023 95,017 16,519 13,493 23,767 148,796
Charge for year 12,682 902 1,050 - 14,634
At 30 September 2024 107,699 17,421 14,543 23,767 163,430
NET BOOK VALUE
At 30 September 2024 1,160,470 2,704 3,148 - 1,166,322
At 30 September 2023 1,173,152 1,315 4,198 - 1,178,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,346 4,582
Other debtors - 10,034
Prepayments and accrued income 4,467 3,759
5,813 18,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 35,099 35,099
Other loans 36,928 35,692
Trade creditors 12,091 28,990
Corporation tax 36,420 45,172
Social security and other taxes 1,553 1,794
VAT 13,879 22,083
Other creditors 9,436 10,065
Directors' current accounts 739,129 728,680
Accruals and deferred income 8,756 12,995
893,291 920,570

Swan Corporate Limited (Registered number: 08037220)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 35,098 35,098
Bank loans - 2-5 years 219,365 254,463
Other loans - 1-2 years 38,260 36,980
Other loans - 2-5 years 13,021 49,780
305,744 376,321

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 289,562 324,660

There is a fixed and floating charge on all the undertaking property and assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100