REGISTERED NUMBER: 04570972 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SYWELL SECURITIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

H F Barney

SECRETARY:

H F Barney

REGISTERED OFFICE:

4 Melbourne House

Corbygate Business Park

Priors Haw Road

Corby

Northamptonshire

NN17 5JG

REGISTERED NUMBER:

04570972 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

BANKERS:

National Westminster Bank Plc

41 The Drapery

Northampton

NN1 2EY

FIXED ASSETS

Investment property

4

900,000

1,270,000

CURRENT ASSETS

Debtors

5

40,620

516,458

Cash at bank

21,048

21,669

61,668

538,127

CREDITORS

Amounts falling due within one year

6

61,976

53,426

NET CURRENT (LIABILITIES)/ASSETS

(308

)

484,701

TOTAL ASSETS LESS CURRENT LIABILITIES

899,692

1,754,701

PROVISIONS FOR LIABILITIES

53,269

97,644

NET ASSETS

846,423

1,657,057

CAPITAL AND RESERVES

Called up share capital

9

9

Fair value reserve

7

243,129

313,754

Retained earnings

603,285

1,343,294

SHAREHOLDERS' FUNDS

846,423

1,657,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

H F Barney - Director

1.	STATUTORY INFORMATION

Sywell Securities 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

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.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,270,000

Disposals

(370,000

)

At 31 December 2024

900,000

NET BOOK VALUE

At 31 December 2024

900,000

At 31 December 2023

1,270,000

The investment properties were revalued by the directors as of 31 December 2024 on an open market basis, subject to existing tenancies.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,125

3,186

Amounts owed by group undertakings

36,724

511,919

Other debtors

200

200

Prepayments and accrued income

571

1,153

40,620

516,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

144

8,958

Amounts owed to group undertakings

98

789

Tax

21,332

23,141

VAT

1,004

836

Accruals and deferred income

39,398

19,702

61,976

53,426

7.

RESERVES

Fair

value

reserve

£

At 1 January 2024

313,754

Reserve transfer

(70,625

)

At 31 December 2024

243,129

8.	ULTIMATE CONTROLLING PARTY

Sywell Securities Limited's parent company is Sywell Investments Limited, a company registered in the United Kingdom. Sywell Securities ultimate holding company is Wattle Properties Limited, a company registered in the United Kingdom.