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REGISTERED NUMBER: 10221958 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

SWD Property Limited

SWD Property Limited (Registered number: 10221958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWD Property Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: AP Cope





SECRETARY: H Jackson





REGISTERED OFFICE: The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL





REGISTERED NUMBER: 10221958 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

SWD Property Limited (Registered number: 10221958)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,200,000

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 33,457 4,362
33,557 4,462
CREDITORS
Amounts falling due within one year 6 130,255 125,702
NET CURRENT LIABILITIES (96,698 ) (121,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,403,302

1,078,760

CREDITORS
Amounts falling due after more than one
year

7

(368,768

)

(386,470

)

PROVISIONS FOR LIABILITIES (191,572 ) (116,572 )
NET ASSETS 842,962 575,718

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 609,647 384,647
Retained earnings 233,215 190,971
842,962 575,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SWD Property Limited (Registered number: 10221958)

Balance Sheet - continued
30 June 2024


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 26 February 2025 and were signed by:





AP Cope - Director


SWD Property Limited (Registered number: 10221958)

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

1. STATUTORY INFORMATION

SWD Property 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SWD Property Limited (Registered number: 10221958)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,200,000
Revaluations 300,000
At 30 June 2024 1,500,000
NET BOOK VALUE
At 30 June 2024 1,500,000
At 30 June 2023 1,200,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 501,219
Valuation in 2024 300,000
Cost 698,781
1,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 53,560 49,805
Taxation and social security 18,930 16,032
Other creditors 57,765 59,865
130,255 125,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 368,768 386,470

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 368,768 386,470

SWD Property Limited (Registered number: 10221958)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 422,328 436,275

The bank loan is secured by a legal charge in favour of Barclays Bank Plc over the investment property.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 384,647
Revaluation 300,000
Deferred tax (75,000 )

At 30 June 2024 609,647