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REGISTERED NUMBER: 11578118 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SWINLEY ROAD PROPERTY LIMITED

SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWINLEY ROAD PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: K H Clarke
S Oswald





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 11578118 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,708 3,193
Investment property 5 1,155,000 874,448
1,164,708 877,641

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 5,264 25,891
5,364 25,991
CREDITORS
Amounts falling due within one year 7 873,900 768,278
NET CURRENT LIABILITIES (868,536 ) (742,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,172

135,354

PROVISIONS FOR LIABILITIES 33,806 33,806
NET ASSETS 262,366 101,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,266 101,448
262,366 101,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)

BALANCE SHEET - continued
30 September 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 20 February 2025 and were signed on its behalf by:




K H Clarke - Director



S Oswald - Director


SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Swinley Road Property 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 6,387
Additions 10,815
At 30 September 2024 17,202
DEPRECIATION
At 1 October 2023 3,194
Charge for year 4,300
At 30 September 2024 7,494
NET BOOK VALUE
At 30 September 2024 9,708
At 30 September 2023 3,193

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 874,448
Revaluations 280,552
At 30 September 2024 1,155,000
NET BOOK VALUE
At 30 September 2024 1,155,000
At 30 September 2023 874,448

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 67,927
Valuation in 2023 110,000
Valuation in 2024 102,625
Cost 874,448
1,155,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100

SWINLEY ROAD PROPERTY LIMITED (REGISTERED NUMBER: 11578118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 610,514 503,894
Other creditors 263,386 264,384
873,900 768,278

8. ULTIMATE CONTROLLING PARTY

Given the shareholding there is no ultimate controlling party.