Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01truefalseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10279518 2023-04-01 2024-03-31 10279518 2022-04-01 2023-03-31 10279518 2024-03-31 10279518 2023-03-31 10279518 c:Director4 2023-04-01 2024-03-31 10279518 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 10279518 d:Buildings d:LongLeaseholdAssets 2024-03-31 10279518 d:Buildings d:LongLeaseholdAssets 2023-03-31 10279518 d:FurnitureFittings 2023-04-01 2024-03-31 10279518 d:FurnitureFittings 2024-03-31 10279518 d:FurnitureFittings 2023-03-31 10279518 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10279518 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10279518 d:CurrentFinancialInstruments 2024-03-31 10279518 d:CurrentFinancialInstruments 2023-03-31 10279518 d:Non-currentFinancialInstruments 2024-03-31 10279518 d:Non-currentFinancialInstruments 2023-03-31 10279518 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10279518 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10279518 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10279518 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10279518 d:ShareCapital 2024-03-31 10279518 d:ShareCapital 2023-03-31 10279518 d:RetainedEarningsAccumulatedLosses 2024-03-31 10279518 d:RetainedEarningsAccumulatedLosses 2023-03-31 10279518 c:FRS102 2023-04-01 2024-03-31 10279518 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10279518 c:FullAccounts 2023-04-01 2024-03-31 10279518 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10279518 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10279518









SWIFT ONE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SWIFT ONE HOLDINGS LIMITED
REGISTERED NUMBER: 10279518

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
366,452
367,109

  
366,452
367,109

  

Creditors: amounts falling due within one year
 5 
(18,087)
(5,414)

Net current liabilities
  
 
 
(18,087)
 
 
(5,414)

Total assets less current liabilities
  
348,365
361,695

Creditors: amounts falling due after more than one year
 6 
(401,779)
(474,349)

  

Net liabilities
  
(53,414)
(112,654)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(53,424)
(112,664)

  
(53,414)
(112,654)


Page 1

 
SWIFT ONE HOLDINGS LIMITED
REGISTERED NUMBER: 10279518
    
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 year 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 income and retained earnings 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 by: 




E A Weil
Director

Date: 25 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SWIFT ONE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Swift One Holdings Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company's principal activity is that of a holding company.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, the validity of which is dependent on the continued support of the directors. In the absence of this continued support, the going concern may be invalid and adjustments would have to be made to reduce the value of the assets to their recoverable amount to provide for further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and rebates.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SWIFT ONE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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

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 year was 4 (2023 - 4).

Page 4

 
SWIFT ONE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
365,791
308,342
674,133



At 31 March 2024

365,791
308,342
674,133



Depreciation


At 1 April 2023
-
307,024
307,024


Charge for the year on owned assets
-
657
657



At 31 March 2024

-
307,681
307,681



Net book value



At 31 March 2024
365,791
661
366,452



At 31 March 2023
365,791
1,318
367,109


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
18,087
5,414

18,087
5,414



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to connected companies
401,779
474,349

401,779
474,349


Page 5

 
SWIFT ONE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Related party transactions

At the balance sheet date, the company owed £401,779 (2023: £474,347) to Swiftbar Limited, a
company under common control of the directors.

 
Page 6