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REGISTERED NUMBER: 05679086 (England and Wales)










SWELL COURT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






SWELL COURT LIMITED (REGISTERED NUMBER: 05679086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWELL COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: S.G. Routledge
B.A. Millan
L. Babic
S. Prankard



SECRETARY: Maison Residential Limited



REGISTERED OFFICE: 22 Courtland Avenue,
North Chingford,
London,
E4 6DU



REGISTERED NUMBER: 05679086 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co.
Chartered Accountants
137, Station Road
Chingford,
London
E4 6AG



MANAGING AGENTS: Maison Residential Limited
22 Courtland Avenue,
North Chingford,
London,
E4 6DU

SWELL COURT LIMITED (REGISTERED NUMBER: 05679086)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,236 4,236

CURRENT ASSETS
Debtors 5 250 150
Cash at bank 68,108 68,965
68,358 69,115
CREDITORS
Amounts falling due within one year 6 (2,410 ) (3,499 )
NET CURRENT ASSETS 65,948 65,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,184

69,852

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 70,168 69,836
SHAREHOLDERS' FUNDS 70,184 69,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 13th June 2025 and were signed on its behalf by:





S.G. Routledge - Director


SWELL COURT LIMITED (REGISTERED NUMBER: 05679086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Swell Court 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.

Turnover
Turnover represents rents receivable and lease extension receipts, exclusive of value added tax.

Tangible fixed assets
It is the company's practice to maintain its freehold property in a continual state of sound repair. Accordingly the directors' assessment of the life of this asset and it's residual value is such that any depreciation relating thereto would be immaterial. Consequently no charge for depreciation is made.

The cost of acquisition of the freehold property is being reduced in respect of any lease extensions granted by the company on a pro rata basis.

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 NIL (2024 - NIL).

SWELL COURT LIMITED (REGISTERED NUMBER: 05679086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2024
and 31st March 2025 4,236
NET BOOK VALUE
At 31st March 2025 4,236
At 31st March 2024 4,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Due from lessees 175 75
Amount due from managing agent
held in managing agent's
client account 75 75
250 150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Corporation tax 78 12
Other creditors 1,875 3,418
Rents received in advance 69 69
Accrued expenses 388 -
2,410 3,499

7. RELATED PARTY DISCLOSURES

There is no overall controlling party. No individual shareholder owns more than 20% of the issued ordinary shares of £1 each.

D.A. Reese is a shareholder of other companies and also a shareholder in Swell Court Limited. During the year the company bought services relating to the provision of rent collection and company secretarial services from those other companies amounting to £270 (previous year - £270). All of the services were acquired on a normal commercial basis. Amounts outstanding at the balance sheet date were £270 (previous year - £nil).

In its role as managing agents, Maison Residential held funds on behalf of Swell Court Limited in its client account. At the balance sheet date the total held and included in debtors was £75 (previous year - £75).

The amount owed to D.A. Reese at the balance sheet date was nil (previous year - £1,105).