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Registered Number: 08336169
England and Wales

 

 

 

SMW FINANCIAL LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Director Sonia Margaret Wheeler
Registered Number 08336169
Registered Office 1-2 Great Farm Barnes
West Woodhay
Newbury
Berkshire
RG20 0BP
Accountants Blue Peak
100 Berkshire Place
GF33
Winnersh
RG41 5RD
1
Director's report and financial statements
The director presents her annual report and the financial statements for the year ended 31 December 2024.
Director
The director who served the company throughout the year was as follows:
Sonia Margaret Wheeler
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Sonia Margaret Wheeler
Director

Date approved: 23 May 2025
2
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Blue Peak
100 Berkshire Place
GF33
Winnersh
RG41 5RD
23 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 673,438    673,438 
673,438    673,438 
Current assets      
Cash at bank and in hand 764    862 
Creditors: amount falling due within one year 4 (311,131)   (310,291)
Net current assets (310,367)   (309,429)
 
Total assets less current liabilities 363,071    364,009 
Net assets 363,071    364,009 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 363,070    364,008 
Shareholders' funds 363,071    364,009 
 


For the 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.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 23 May 2025 and were signed by:


-------------------------------
Sonia Margaret Wheeler
Director
4
General Information
SMW Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 08336169, registration address 1-2 Great Farm Barnes, West Woodhay, Newbury, Berkshire, RG20 0BP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees


Average number of employees during the year was 1 (2023 : 1).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 673,438    673,438 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2024 673,438    673,438 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Amounts Owed to Group Undertakings 287,057    286,217 
Accrued Expenses 840    840 
Directors' Current Accounts 23,234    23,234 
311,131    310,291 
At the year end, the balance owing to S M Wheeler is £23,234 (2022: £23,234). The loan is interest free and repayable on demand.

5