Registered number
10908086
SAWONG PROPERTY VENTURES LTD
Filleted Accounts
31 August 2024
SAWONG PROPERTY VENTURES LTD
Registered number: 10908086
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 313,600 250,000
Current assets
Investments held as current assets 4 32,998 -
Cash at bank and in hand 35 33,175
33,033 33,175
Creditors: amounts falling due within one year 5 (800) (1,832)
Net current assets 32,233 31,343
Total assets less current liabilities 345,833 281,343
Creditors: amounts falling due after more than one year 6 (207,170) (195,028)
Provisions for liabilities (24,840) (15,340)
Net assets 113,823 70,975
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 107,741 67,241
Profit and loss account 5,982 3,634
Shareholders' funds 113,823 70,975
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A B G Sapala
Director
Approved by the board on 28 May 2025
SAWONG PROPERTY VENTURES LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 September 2023 250,000
Additions 13,600
Revaluation 50,000
At 31 August 2024 313,600
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 32,998 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 578
Other creditors 800 1,254
800 1,832
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 207,170 195,028
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 207,170 195,028
8 Revaluation reserve 2024 2023
£ £
At 1 September 2023 67,241 34,841
Fair Value adjustment 40,500 32,400
At 31 August 2024 107,741 67,241
9 Other information
SAWONG PROPERTY VENTURES LTD is a private company limited by shares and incorporated in England. Its registered office is:
40 Egbert Gardens
Wickford
SS11 7BW
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