REGISTERED NUMBER: 01450558 (England and Wales)

PALEOLOG SWAINSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G L Swainson

D M Swainson

SECRETARY:

G L Swainson

REGISTERED OFFICE:

Elfed House

Oak Tree Court, Mulberry Drive

Cardiff Gate Business Park

CARDIFF

CF23 8RS

REGISTERED NUMBER:

01450558 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investment property

4

315,000

325,000

CURRENT ASSETS

Debtors

5

1,534

2,529

Cash at bank

257,928

239,864

259,462

242,393

CREDITORS

Amounts falling due within one year

6

(7,807

)

(7,698

)

NET CURRENT ASSETS

251,655

234,695

TOTAL ASSETS LESS CURRENT LIABILITIES

566,655

559,695

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

566,653

559,693

SHAREHOLDERS' FUNDS

566,655

559,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:

D M Swainson - Director

1.	STATUTORY INFORMATION

Paleolog Swainson 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

Turnover shown in the profit and loss account represents rent receivable during the year exclusive of value added tax. The benefits of lease incentives are recognised in the profit and loss account over the lease period.

Investment property

Investment properties are shown at their fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

325,000

Impairments

(10,000

)

At 30 April 2025

315,000

NET BOOK VALUE

At 30 April 2025

315,000

At 30 April 2024

325,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

315,000

The investment property was valued on a fair value basis by the directors at 30 April 2025. In valuing the property the directors have considered rental yields and recent sales prices of comparable properties in a similar area.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,534

2,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

4,213

4,149

VAT

680

1,160

Directors' current accounts

1,615

1,188

Accruals and deferred income

1,299

1,201

7,807

7,698

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2