IRIS Accounts Productionv24.3.2.4608059050director1.6.2331.5.2431.5.2400truefalsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080590502023-05-31080590502024-05-31080590502023-06-012024-05-31080590502022-05-31080590502022-06-012023-05-31080590502023-05-3108059050ns15:EnglandWales2023-06-012024-05-3108059050ns14:PoundSterling2023-06-012024-05-3108059050ns10:Director12023-06-012024-05-3108059050ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108059050ns10:SmallEntities2023-06-012024-05-3108059050ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108059050ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108059050ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108059050ns10:FullAccounts2023-06-012024-05-3108059050ns10:OrdinaryShareClass12023-06-012024-05-3108059050ns10:RegisteredOffice2023-06-012024-05-3108059050ns5:CurrentFinancialInstruments2024-05-3108059050ns5:CurrentFinancialInstruments2023-05-3108059050ns5:ShareCapital2024-05-3108059050ns5:ShareCapital2023-05-3108059050ns5:RetainedEarningsAccumulatedLosses2024-05-3108059050ns5:RetainedEarningsAccumulatedLosses2023-05-3108059050ns5:CostValuation2023-05-3108059050ns10:OrdinaryShareClass12024-05-31

REGISTERED NUMBER: 08059050 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024


FOR



SWAN KEE LIMITED



SWAN KEE LIMITED (REGISTERED NUMBER: 08059050)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





SWAN KEE LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2024









DIRECTOR:

S Kee







REGISTERED OFFICE:

55-59 Duke Street


Darlington


DL3 7SD







REGISTERED NUMBER:

08059050 (England and Wales)







ACCOUNTANTS:

CP Waites


Chartered Accountants


24 St Cuthberts Way


Darlington


DL1 1GB



SWAN KEE LIMITED (REGISTERED NUMBER: 08059050)



BALANCE SHEET

31 MAY 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Investments

4

2,038,939


2,038,939




CURRENT ASSETS

Debtors

5

65,764


48,234



Cash at bank

16,255


120,282



82,019


168,516



CREDITORS

Amounts falling due within one year

6

411,042


682,151



NET CURRENT LIABILITIES

(329,023

)

(513,635

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

1,709,916


1,525,304




CAPITAL AND RESERVES

Called up share capital

7

100


100



Retained earnings

1,709,816


1,525,204



SHAREHOLDERS' FUNDS

1,709,916


1,525,304




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:






S Kee - Director




SWAN KEE LIMITED (REGISTERED NUMBER: 08059050)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024


1.

STATUTORY INFORMATION



Swan Kee 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 invoiced sales of services.



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


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.


Fixed asset investments


Fixed asset investments are stated at the total costs incurred in respect of the acquisition of the investment less provision for any permanent diminution in value.


3.

EMPLOYEES AND DIRECTORS



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


4.

FIXED ASSET INVESTMENTS


Shares in


unlisted company

£   



COST


At 1 June 2023


and 31 May 2024

2,038,939




NET BOOK VALUE


At 31 May 2024

2,038,939




At 31 May 2023

2,038,939





SWAN KEE LIMITED (REGISTERED NUMBER: 08059050)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2024


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Accrued income

65,764


48,234




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

-


1,133




Amounts owed to associated undertaking

280,000


415,000




Corporation tax

3,041


-




Director's current account

126,681


264,698




Accruals

1,320


1,320



411,042


682,151




7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



100

Ordinary

£1

100


100




8.

RELATED PARTY DISCLOSURES



Swan Kee Limited owns all of the B ordinary shares of £1 representing 50% of the entire ordinary shares of £1 in Saks Hair (Holdings) Limited and S Kee is a director of Saks Hair (Holdings) Limited.



During the year Swan Kee Limited received dividends from Saks Hair (Holdings) Limited amounting to £172,500 (2023 - £160,750).



S Kee is a director of Saks HB Limited, a 100% subsidiary of Saks Hair (Holdings) Limited.



At the balance sheet date £65,764 (2023 - £48,234) was due from Saks HB Limited and is included in accrued income.



S Kee owns the entire issued share capital and is a director of Kleek Apprenticeships Limited.



At the year end £280,00 (2023 - £415,000) was due to Kleek Apprenticeships  Limited.


9.

ULTIMATE CONTROLLING PARTY



The controlling party is S Kee who owns the entire issued share capital of the company.