Caseware UK (AP4) 2023.0.135 2023.0.135 truefalsetrue2023-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2 14114559 2023-03-01 2024-03-31 14114559 2022-03-01 2023-02-28 14114559 2024-03-31 14114559 2023-02-28 14114559 c:Director1 2023-03-01 2024-03-31 14114559 c:Director2 2023-03-01 2024-03-31 14114559 d:CurrentFinancialInstruments 2024-03-31 14114559 d:CurrentFinancialInstruments 2023-02-28 14114559 d:Non-currentFinancialInstruments 2024-03-31 14114559 d:Non-currentFinancialInstruments 2023-02-28 14114559 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14114559 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 14114559 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14114559 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 14114559 d:ShareCapital 2024-03-31 14114559 d:ShareCapital 2023-02-28 14114559 d:RetainedEarningsAccumulatedLosses 2024-03-31 14114559 d:RetainedEarningsAccumulatedLosses 2023-02-28 14114559 c:FRS102 2023-03-01 2024-03-31 14114559 c:AuditExemptWithAccountantsReport 2023-03-01 2024-03-31 14114559 c:FullAccounts 2023-03-01 2024-03-31 14114559 c:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 14114559 6 2023-03-01 2024-03-31 14114559 e:PoundSterling 2023-03-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 14114559













Swanson Holdings Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Swanson Holdings Limited
 
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Swanson Holdings Limited period ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swanson Holdings Limited for the period ended 31 March 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the board of directors of Swanson Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2023Our work has been undertaken solely to prepare for your approval the financial statements of Swanson Holdings Limited and state those matters that we have agreed to state to the board of directors of Swanson Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swanson Holdings Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Swanson Holdings 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 loss of Swanson Holdings Limited. You consider that Swanson Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Swanson Holdings 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.

  



UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE
17 January 2025
1

 
Swanson Holdings Limited


Balance sheet
As at 31 March 2024

31 March
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
  
590,637
-

  
590,637
-

Current assets
  

Debtors
  
110,908
-

Cash at bank and in hand
  
1,225
100

  
112,133
100

Creditors: amounts falling due within one year
 6 
(177,002)
-

Net current (liabilities)/assets
  
 
 
(64,869)
 
 
100

Total assets less current liabilities
  
525,768
100

Creditors: amounts falling due after more than one year
  
(587,119)
-

  

Net (liabilities)/assets
  
(61,351)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(61,451)
-

Shareholders' deficit
  
(61,351)
100


2

 
Swanson Holdings Limited

    
Balance sheet (continued)
As at 31 March 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.




R G Smith
L B Ferguson
Director
Director


Registered number: 14114559
The notes on pages 4 to 6 form part of these financial statements.

3

 
Swanson Holdings Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

1.


General information

Swanson Holdings Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page of this annual report.

2.Accounting policies

  
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard' applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Going concern

The directors believe that the company will be able to continue to trade within its working capital facilities for the foreseeable future and with the continued support of the directors and shareholders.
They choose to prepare the accounts on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

4

 
Swanson Holdings Limited
 

 
Notes to the financial statements
Period ended 31 March 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2023 - 0).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


Additions
590,637



At 31 March 2024
590,637





5.


Debtors

31 March
28 February
2024
2023
£
£


Amounts owed by group undertakings
110,908
-

110,908
-


5

 
Swanson Holdings Limited
 
 

Notes to the financial statements
Period ended 31 March 2024

6.


Creditors: amounts falling due within one year

31 March
28 February
2024
2023
£
£

Bank loans
21,090
-

Other creditors
153,112
-

Accruals and deferred income
2,800
-

177,002
-



7.


Creditors: amounts falling due after more than one year

31 March
28 February
2024
2023
£
£

Bank loans
587,119
-

587,119
-



8.


Related party transactions

During the period, the company operated on normal commercial terms with Castle Dental Practice Limited. The amount due from Castle Dental Practice Limited at 31 March 2024 was £110,908 (2023: £nil).

 
6