Company Registration No. 04540917 (England and Wales)
The Swiss Branch Limited
Unaudited accounts
for the year ended 30 September 2024
The Swiss Branch Limited
Unaudited accounts
Contents
The Swiss Branch Limited
Company Information
for the year ended 30 September 2024
Company Number
04540917 (England and Wales)
Registered Office
2 HIGHLAND MANSIONS
117 PEVENSEY ROAD
ST. LEONARDS-ON-SEA
EAST SUSSEX
TN38 0LZ
ENGLAND
The Swiss Branch Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
113,415
129,116
Creditors: amounts falling due within one year
(1,366)
(14,438)
Net current assets
112,049
114,678
Total assets less current liabilities
112,468
115,268
Provisions for liabilities
Net assets
112,388
115,156
Called up share capital
2
2
Profit and loss account
112,386
115,154
Shareholders' funds
112,388
115,156
For the year ending 30 September 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 27 June 2025 and were signed on its behalf by
Mr Colin Dunlop
Director
Company Registration No. 04540917
The Swiss Branch Limited
Notes to the Accounts
for the year ended 30 September 2024
The Swiss Branch Limited is a private company, limited by shares, registered in England and Wales, registration number 04540917. The registered office is 2 HIGHLAND MANSIONS, 117 PEVENSEY ROAD, ST. LEONARDS-ON-SEA, EAST SUSSEX, TN38 0LZ, ENGLAND.
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 financial statements have been prepared under the historical cost convention in accordance with FRS 102 section 1A Small Entities - Financial Reporting Standard applicable in the United Kingdom and the Companies Act 2006.
The financial statements are presented in £ sterling which is the functional currency of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All exchange differences are taken to the Profit and Loss account.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
The company is exempt from pension auto-enrolment by reason that the business is comprised of one director. The company recognises that it will be required to opt-in to pension enrolment in the event that any employees are recruited.
The Swiss Branch Limited
Notes to the Accounts
for the year ended 30 September 2024
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:
Plant & machinery
25% Per Annum on cost
Computer equipment
33.33% Per Annum on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,657
5,316
6,973
At 30 September 2024
1,657
5,316
6,973
At 1 October 2023
1,338
5,045
6,383
Charge for the year
80
91
171
At 30 September 2024
1,418
5,136
6,554
At 30 September 2024
239
180
419
At 30 September 2023
319
271
590
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(59)
254
Loans from directors
915
9,124
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).