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
B Swift Property Ltd
Company Information
for the year ended 30 November 2024
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
B Swift Property Ltd
Statement of financial position
as at 30 November 2024
Investment property
1,565,000
960,000
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
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
B Swift Property Ltd
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Motor vehicles
Fair value at 1 December 2023
960,000
Net gain from fair value adjustments
166,708
At 30 November 2024
1,565,000
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
Loans from directors
305,242
92,722
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).