ACCOUNTS - Final Accounts preparation

Registered number: 11664583

SWIS HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

SWIS HOLDINGS LIMITED

REGISTERED NUMBER: 11664583

BALANCE SHEET

AS AT 31 JULY 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		1,000,051		1,000,051
			1,000,051		1,000,051
Current assets
Debtors: amounts falling due within one year	5	-		500
Cash at bank and in hand		1,675		3,435
		1,675		3,935
Creditors: amounts falling due within one year	6	(10,783)		(10,783)
Net current liabilities			(9,108)		(6,848)
Total assets less current liabilities			990,943		993,203

Net assets			990,943		993,203

Capital and reserves
Called up share capital	385,100	385,100
Profit and loss account	605,843	608,103
	990,943	993,203

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SWIS HOLDINGS LIMITED

REGISTERED NUMBER: 11664583

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 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 profit and loss account 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:

................................................

Mr S Jewell

Director

Date: 2 April 2025

The notes on pages 3 to 5 form part of these financial statements.

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SWIS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

1.	General information

Swis Holdings Limited is a private company, limited by shares, domiciled in England and Wales, registration number 11664583. The registered office is Terminal 11 Areohub Business Park, St Mawgan, Newquay, TR8 4UP.
Principal activity
The principal activity of the Company was that of a holding company.

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.

The Company's functional and presentational currency is British Pounds Sterling (£).
The Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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SWIS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 August 2023	1,000,051
	At 31 July 2024	1,000,051

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	500
	-	500

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SWIS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	9,283	9,283
Accruals and deferred income	1,500	1,500
	10,783	10,783

7.	Prior year adjustment

A prior year adjustment has been entered in the prior year figures to include the investment in a subsidiary company, which was previously excluded in error. This has had the effect of increasing the prior year net profit by £51 and increasing net assets by £51.

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