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Registered number: 13997251

Swifterio Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Swifterio Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
A Draper
I Even-Chen
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13997251
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Swifterio Limited

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Swifterio Limited

BALANCE SHEET AT 31 December 2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,3171,817
CURRENT ASSETS
Debtors4880,8254,596
Cash at bank and in hand53,60260,775
934,42765,371
CREDITORS: Amounts falling due within one year521,12115,065
NET CURRENT ASSETS913,30650,306
TOTAL ASSETS LESS CURRENT LIABILITIES914,62352,123
CREDITORS: Amounts falling due after more than one year61,775,6091,033,910
NET LIABILITIES(860,986)(981,787)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(861,086)(981,887)
SHAREHOLDERS' FUNDS(860,986)(981,787)
For the year ending 31 December 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21 August 2025 and signed on their behalf by
.............................
I Even-Chen
Director

Swifterio Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company had net liabilities of £860.986 at the balance sheet date. However, Creditors includes an amount owed to this company's parent company in the amount of £1,775,609. The parent company has indicated its willingness to support the company for the foreseeable future and consequently the directors consider the going concern basis for preparing the accounts to be applicable.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the 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 differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Turnover
Turnover is derived from the software development activities supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1f. Statutory Information
Swifterio Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 13997251 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.
1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.

Swifterio Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 January 20242,7592,759
Additions191191
Disposals(316)(316)
At 31 December 20242,6342,634
Depreciation
At 1 January 2024942942
Disposals(99)(99)
For the year474474
At 31 December 20241,3171,317
Net Book Amounts
At 31 December 20241,3171,317
At 31 December 20231,8171,817
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors3,1544,596
Accrued income877,671-
880,8254,596

Swifterio Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security 19,13311,659
Bank loans and overdrafts90-
Trade creditors-1,356
Accruals1,8982,050
21,12115,065
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Amount due to group companies > 1 yr1,775,6091,033,910
1,775,6091,033,910
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
8. CONTROLLING PARTY
The ultimate parent undertaking is Swift Technologies Limited, a company registered in Cyprus.
A Shaked is ultimate controlling party.