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REGISTERED NUMBER: 04660694 (England and Wales)

















SW Estates Limited

Financial Statements

for the Year Ended 30 September 2024






SW Estates Limited (Registered number: 04660694)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SW Estates Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: P W A Airy
Mrs L E Airy





SECRETARY: P W A Airy





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 04660694 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

SW Estates Limited (Registered number: 04660694)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,545 6,060
Investment property 5 400,000 390,000
404,545 396,060

CURRENT ASSETS
Debtors 6 72,575 202,000
Investments 7 214,235 214,235
Cash at bank 1,062,858 854,112
1,349,668 1,270,347
CREDITORS
Amounts falling due within one year 8 1,006,133 928,620
NET CURRENT ASSETS 343,535 341,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,080

737,787

PROVISIONS FOR LIABILITIES 9 28,955 25,282
NET ASSETS 719,125 712,505

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserves 10 121,793 115,519
Retained earnings 597,232 596,886
SHAREHOLDERS' FUNDS 719,125 712,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





P W A Airy - Director


SW Estates Limited (Registered number: 04660694)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

SW Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The directors consider that long leasehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SW Estates Limited (Registered number: 04660694)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings, Motor
equipment vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 5,881 18,392 24,273
DEPRECIATION
At 1 October 2023 5,641 12,572 18,213
Charge for year 60 1,455 1,515
At 30 September 2024 5,701 14,027 19,728
NET BOOK VALUE
At 30 September 2024 180 4,365 4,545
At 30 September 2023 240 5,820 6,060

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 390,000
Revaluations 10,000
At 30 September 2024 400,000
NET BOOK VALUE
At 30 September 2024 400,000
At 30 September 2023 390,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 149,657
Cost 250,343
400,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 250,343 250,343

Investment property was valued on a fair value basis on 30 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,000 102,000
Loan 70,575 100,000
72,575 202,000

SW Estates Limited (Registered number: 04660694)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 181,280 181,280
Unlisted investments 32,955 32,955
214,235 214,235

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 100,000 100,000
UK corporation tax 1,812 6,126
Tax and social security costs 116 -
Directors' current accounts 899,177 818,728
Accruals and deferred income 5,028 3,766
1,006,133 928,620

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,091 1,144
Capital gains on investment properties 27,864 24,138
28,955 25,282

Deferred
tax
£   
Balance at 1 October 2023 25,282
Charge to Income Statement during year 3,673
Balance at 30 September 2024 28,955

10. RESERVES
Undistributable
reserves
£   
At 1 October 2023 115,519
Transfer unrealised gain/loss on investment
properties to undistributable reserves

6,274


At 30 September 2024 121,793

Undistributable reserves represent the unrealised gains on carrying investment property at fair value less the deferred tax provision thereon; being unrealised, such amounts are not available to be distributed as dividend to shareholders.