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COMPANY REGISTRATION NUMBER: 14370719
S W Estates Holdings Limited
Unaudited financial statements
31 December 2024
S W Estates Holdings Limited
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
807,495
807,495
Investments
6
3,857
---------
---------
807,495
811,352
Current assets
Debtors
7
951,979
6,094
Cash at bank and in hand
574,236
51,546
-----------
-------
1,526,215
57,640
Creditors: Amounts falling due within one year
8
( 31,492)
( 16,554)
-----------
-------
Net current assets
1,494,723
41,086
-----------
---------
Total assets less current liabilities
2,302,218
852,438
Accruals and deferred income
( 4,132)
( 11,077)
-----------
---------
Net assets
2,298,086
841,361
-----------
---------
Capital and reserves
Called up share capital
9
3,857
3,857
Profit and loss account
2,294,229
837,504
-----------
---------
Shareholders funds
2,298,086
841,361
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
S W Estates Holdings Limited
Statement of financial position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 7 March 2025 , and are signed on behalf of the board by:
M A Saunders
Director
Company registration number: 14370719
S W Estates Holdings Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, Norfolk, NR7 0LB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of rental income received or receivable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Investment property
£
Cost
At 1 January 2024 and 31 December 2024
807,495
---------
Depreciation
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
807,495
---------
At 31 December 2023
807,495
---------
Tangible assets held at valuation
Investment property is valued annually by the directors at fair value. On an historical cost basis this would have been included at an original cost of £ 807,495
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2024
3,857
Disposals
( 3,857)
------
At 31 December 2024
------
Impairment
At 1 January 2024 and 31 December 2024
------
Carrying amount
At 31 December 2024
------
At 31 December 2023
3,857
------
7. Debtors
2024
2023
£
£
Trade debtors
600
4,898
Other debtors
951,379
1,196
---------
------
951,979
6,094
---------
------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
700,000
---------
----
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Social security and other taxes
21,218
12,405
Amounts owed to group undertakings
1,149
Other creditors
10,274
3,000
-------
-------
31,492
16,554
-------
-------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
Ordinary 'A' shares of £ 1 each
3,506
3,506
3,506
3,506
Ordinary 'B' shares of £ 1 each
350
350
350
350
------
------
------
------
3,857
3,857
3,857
3,857
------
------
------
------