Company registration number 14487319 (England and Wales)
THE SWAN RESTAURANT GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE SWAN RESTAURANT GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE SWAN RESTAURANT GROUP LTD (REGISTERED NUMBER: 14487319)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,165,402
1,165,402
Current assets
Debtors
4
85,975
44,378
Cash at bank and in hand
2,052
10,522
88,027
54,900
Creditors: amounts falling due within one year
5
(639,174)
(604,064)
Net current liabilities
(551,147)
(549,164)
Total assets less current liabilities
614,255
616,238
Creditors: amounts falling due after more than one year
6
(638,249)
(650,930)
Net liabilities
(23,994)
(34,692)
Capital and reserves
Called up share capital
7,000
7,000
Profit and loss reserves
(30,994)
(41,692)
Total equity
(23,994)
(34,692)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THE SWAN RESTAURANT GROUP LTD (REGISTERED NUMBER: 14487319)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 May 2025 and are signed on its behalf by:
E Collaku
Director
THE SWAN RESTAURANT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

The Swan Restaurant Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 35 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention other than investment property which is at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover represents rental income received during the year.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
THE SWAN RESTAURANT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
1,165,402

Investment property comprises £1,165,402. The fair value of the investment property has been arrived

at on the basis that the property was acquired during the prior period at open market value.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
78,975
34,125
Other debtors
7,000
10,253
85,975
44,378
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
49,572
49,070
Trade creditors
2,938
11,383
Other creditors
586,664
543,611
639,174
604,064
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
638,249
650,930

The bank loan included in creditors is secured over the company's investment property and by fixed

and floating charges over the company's assets.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
439,961
454,648
THE SWAN RESTAURANT GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
7
Financial commitments, guarantees and contingent liabilities

The company has entered into a cross guarantee arrangement whereby two companies related by way of common control guarantee payment of the bank loan facility.

 

As at 31 December 2024, the balance on the bank loan was £687,821 (2023: £700,000)

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
215,247
233,221
9
Related party transactions

Included in other creditors is a balance of £583,589 (2023: £534,912) owed to a company under common control.

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