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Registered number: 12661857
SRW Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Jon Davies Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12661857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,195 118,999
120,195 118,999
CURRENT ASSETS
Debtors 5 16,000 20,000
Cash at bank and in hand 82,025 76,604
98,025 96,604
Creditors: Amounts Falling Due Within One Year 6 (1,897 ) (1,505 )
NET CURRENT ASSETS (LIABILITIES) 96,128 95,099
TOTAL ASSETS LESS CURRENT LIABILITIES 216,323 214,098
Creditors: Amounts Falling Due After More Than One Year 7 (192,297 ) (190,792 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,201 ) (4,974 )
NET ASSETS 18,825 18,332
CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair value reserve 9 26,183 26,183
Profit and Loss Account (7,558 ) (8,051 )
SHAREHOLDERS' FUNDS 18,825 18,332
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Wright
Director
18 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SRW Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12661857 . The registered office is C/O Jon Davies Accountants, Business First Business Ctr, 23 Goodlass Road, L24 9HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charged
Computer Equipment 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 118,999 1,693 120,692
Additions - 1,538 1,538
As at 30 June 2024 118,999 3,231 122,230
Depreciation
As at 1 July 2023 - 1,693 1,693
Provided during the period - 342 342
As at 30 June 2024 - 2,035 2,035
Net Book Value
As at 30 June 2024 118,999 1,196 120,195
As at 1 July 2023 118,999 - 118,999
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by related parties 16,000 20,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 756 720
Director's loan account 1,141 785
1,897 1,505
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 90,797 90,792
Amounts owed to related parties 101,500 100,000
192,297 190,792
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1 each 100 100
100 Ordinary B shares of £ 1 each 100 100
200 200
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9. Reserves
Fair Value Reserve
£
As at 1 July 2023 26,183
As at 30 June 2024 26,183
10. Related Party Transactions
Within creditors is £101,500 owed to Lakeland Books Ltd. The shareholders of SRW Real Estate Ltd are 100% shareholders of Lakeland Books Ltd. The loan is repayable over 5 years at an interest rate of 1.5% annualised.
Within debtors is £16,000 due from Bromps Group Ltd. A shareholder of SRW Real Estate Ltd, Steven Wright is also a shareholder of Bromps Group Ltd. 
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