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REGISTERED NUMBER: 09060441 (England and Wales)















S & W (GROUP) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


S & W (GROUP) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: G P Whyles
Mrs D L Nunn





SECRETARY: Mrs D L Nunn





REGISTERED OFFICE: S & W House
Longhill Road
March
Cambridgeshire
PE15 0BL





REGISTERED NUMBER: 09060441 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,000,100 5,000,100
Investment property 5 9,042,516 8,584,445
14,042,616 13,584,545

CURRENT ASSETS
Debtors 6 34,665 16,874
Cash at bank 1,164,572 346,567
1,199,237 363,441
CREDITORS
Amounts falling due within one year 7 100,870 106,108
NET CURRENT ASSETS 1,098,367 257,333
TOTAL ASSETS LESS CURRENT LIABILITIES 15,140,983 13,841,878

CREDITORS
Amounts falling due after more than one year 8 (644,000 ) (672,000 )

PROVISIONS FOR LIABILITIES (87,671 ) (87,671 )
NET ASSETS 14,409,312 13,082,207

CAPITAL AND RESERVES
Called up share capital 10 1,026 1,026
Other reserves 4,998,974 4,998,974
Fair value reserve 373,756 373,756
Retained earnings 9,035,556 7,708,451
SHAREHOLDERS' FUNDS 14,409,312 13,082,207

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 directors acknowledge their 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.

S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mrs D L Nunn - Director


S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

S & W (Group) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are valued at the fair value of the consideration paid.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group financial statements. These financial statements therefore show only the results and balances relating to the parent company as an individual entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 5,000,100
NET BOOK VALUE
At 30 June 2024 5,000,100
At 30 June 2023 5,000,100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 8,584,445
Additions 458,071
At 30 June 2024 9,042,516
NET BOOK VALUE
At 30 June 2024 9,042,516
At 30 June 2023 8,584,445

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 461,427
Cost 8,581,089
9,042,516

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 8,581,089 8,123,018

Investment property was valued on an open market basis basis on 30 June 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 26,509 11,052
Other debtors 8,156 5,822
34,665 16,874

S & W (GROUP) LIMITED (REGISTERED NUMBER: 09060441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 28,000 28,000
Trade creditors 25,274 25,972
Amounts owed to group undertakings 100 100
Other creditors 47,496 52,036
100,870 106,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 644,000 672,000

9. SECURED DEBTS

Handelsbanken Plc have a legal mortgage and debenture over the company's investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
951 Ordinary £1.00 951 951
75 A Ordinary £1.00 75 75
1,026 1,026