| REGISTERED NUMBER: |
| SWELL COURT LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| t/as Findlay Wetherfield Scott & Co. |
| Chartered Accountants |
| 137, Station Road |
| Chingford, |
| London |
| E4 6AG |
| MANAGING AGENTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Due from lessees |
| Amount due from managing agent |
| held in managing agent's |
| client account | 75 | 75 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Corporation tax |
| Other creditors |
| Rents received in advance | 69 | 69 |
| Accrued expenses |
| 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). |