Sewards Properties Ltd


Director	R J Seward


Registered Number	05286390 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		12		15
Investments	4		715,693		715,693
			715,705		715,708
Current assets
Debtors	5	-		792
Cash at bank and on hand		1,961		649
		1,961		1,441
Creditors amounts falling due within one year	6	(81,747)		(133,628)
Net current assets (liabilities)			(79,786)		(132,187)
Total assets less current liabilities			635,919		583,521
Creditors amounts falling due after one year	7		(534,955)		(476,428)
Net assets			100,964		107,093
Capital and reserves
Called up share capital			101		101
Profit and loss account			100,863		106,992
Shareholders' funds			100,964		107,093

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 21 August 2025, and are signed on its behalf by:

R J Seward
Director
Registered Company No. 05286390

Sewards Properties Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10

	Investments
	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.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	1,150
	At 31 December 24	1,150
	Depreciation and impairment
	At 01 January 24	1,135
	Charge for year	3
	At 31 December 24	1,138
	Net book value
	At 31 December 24	12
	At 31 December 23	15

4.	Fixed asset investments

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	792
Total	-	792

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	58,554
Amounts owed to related parties	79,875	73,292
Accrued liabilities and deferred income	1,872	1,782
Total	81,747	133,628


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	534,955	476,428
Total	534,955	476,428