1 December 2023 false No description of principal activity Taxfiler 2024.6 11665115business:PrivateLimitedCompanyLtd2023-12-012024-11-30 116651152023-11-30 116651152023-12-012024-11-30 11665115business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 11665115business:FilletedAccounts2023-12-012024-11-30 116651152024-11-30 11665115business:Director12023-12-012024-11-30 11665115business:RegisteredOffice2023-12-012024-11-30 116651152023-11-30 11665115core:WithinOneYear2024-11-30 11665115core:WithinOneYear2023-11-30 11665115core:AfterOneYear2024-11-30 11665115core:AfterOneYear2023-11-30 11665115core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 11665115core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11665115core:RevaluationReservecore:PreviouslyStatedAmount2024-11-30 11665115core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 11665115core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 11665115core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11665115core:PreviouslyStatedAmount2024-11-30 11665115core:PreviouslyStatedAmount2023-11-30 11665115business:SmallEntities2023-12-012024-11-30 11665115countries:EnglandWales2023-12-012024-11-30 11665115core:MotorVehicles2023-12-012024-11-30 11665115core:MotorVehicles2023-11-30 11665115core:MotorVehicles2024-11-30 116651152022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11665115 (England and Wales)
B Swift Property Ltd Unaudited accounts for the year ended 30 November 2024
B Swift Property Ltd Unaudited accounts Contents
Page
- 2 -
B Swift Property Ltd Company Information for the year ended 30 November 2024
Director
Benjamin Swift
Company Number
11665115 (England and Wales)
Registered Office
218 Burgh Road Skegness Lincs PE25 2LQ UK
Accountants
A K Accounting Services 49 Hitchin Road Upper Caldecote Beds SG18 9BU
- 3 -
B Swift Property Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,063 
Investment property
1,565,000 
960,000 
1,565,000 
961,063 
Current assets
Cash at bank and in hand
2,076 
28,953 
Creditors: amounts falling due within one year
(305,726)
(93,035)
Net current liabilities
(303,650)
(64,082)
Total assets less current liabilities
1,261,350 
896,981 
Creditors: amounts falling due after more than one year
(921,553)
(688,800)
Net assets
339,797 
208,181 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
100,369 
59,941 
Profit and loss account
239,427 
148,239 
Shareholders' funds
339,797 
208,181 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2025 and were signed on its behalf by
Benjamin Swift Director Company Registration No. 11665115
- 4 -
B Swift Property Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
B Swift Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11665115. The registered office is 218 Burgh Road, Skegness, Lincs, PE25 2LQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2023
4,249 
At 30 November 2024
4,249 
Depreciation
At 1 December 2023
3,186 
Charge for the year
1,063 
At 30 November 2024
4,249 
Net book value
At 30 November 2024
- 
At 30 November 2023
1,063 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
960,000 
Additions
438,292 
Net gain from fair value adjustments
166,708 
At 30 November 2024
1,565,000 
- 5 -
B Swift Property Ltd Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
484 
313 
Loans from directors
305,242 
92,722 
305,726 
93,035 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
921,553 
688,800 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -