IRIS Accounts Production v25.1.4.42 04541416 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04541416 2023-12-31 04541416 2024-12-31 04541416 2024-01-01 2024-12-31 04541416 2022-12-31 04541416 2023-01-01 2023-12-31 04541416 2023-12-31 04541416 ns15:EnglandWales 2024-01-01 2024-12-31 04541416 ns14:PoundSterling 2024-01-01 2024-12-31 04541416 ns10:Director1 2024-01-01 2024-12-31 04541416 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04541416 ns10:SmallEntities 2024-01-01 2024-12-31 04541416 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04541416 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 04541416 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04541416 ns10:FullAccounts 2024-01-01 2024-12-31 04541416 ns10:Director2 2024-01-01 2024-12-31 04541416 ns10:Director3 2024-01-01 2024-12-31 04541416 ns10:CompanySecretary1 2024-01-01 2024-12-31 04541416 ns10:RegisteredOffice 2024-01-01 2024-12-31 04541416 ns5:CurrentFinancialInstruments 2024-12-31 04541416 ns5:CurrentFinancialInstruments 2023-12-31 04541416 ns5:ShareCapital 2024-12-31 04541416 ns5:ShareCapital 2023-12-31 04541416 ns5:RevaluationReserve 2024-12-31 04541416 ns5:RevaluationReserve 2023-12-31 04541416 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04541416 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 04541416 ns5:PlantMachinery 2023-12-31 04541416 ns5:PlantMachinery 2024-01-01 2024-12-31 04541416 ns5:PlantMachinery 2024-12-31 04541416 ns5:PlantMachinery 2023-12-31 04541416 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04541416 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 04541416 ns5:RevaluationReserve 2023-12-31

REGISTERED NUMBER: 04541416 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED

COMPANY INFORMATION

for the Year Ended 31 December 2024

| DIRECTORS: | G D Swetman

| Mrs A M Swetman

| M J Swetman

| SECRETARY: | G D Swetman

| REGISTERED OFFICE: | 36a Station Road

| New Milton

| Hampshire

| BH25 6JX

| REGISTERED NUMBER: | 04541416 (England and Wales)

| ACCOUNTANTS: | David Shores & Co Ltd

| 36a Station Road

| New Milton

| Hampshire

| BH25 6JX

| BANKERS: | Svenska Handelsbanken AB

| 3 Thomas More Square

| London

| E1W 1WY

| SOLICITORS: | Phillips

| Town Gate

| 38 London Street

| Basingstoke

| Hampshire

| RG21 7NY

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,148 |  | 1,351 |  |

Investment property | 5 | 2,740,000 |  | 2,950,000 |  |

2,741,148 |  | 2,951,351 |  |

CURRENT ASSETS

Debtors | 6 | 874,980 |  | 874,469 |  |

Cash at bank | 270,137 |  | 1,294,755 |  |

1,145,117 |  | 2,169,224 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,913,667 |  | 2,971,611 |  |

NET CURRENT LIABILITIES | (768,550 | ) | (802,387 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,972,598 |  | 2,148,964 |  |

PROVISIONS FOR LIABILITIES | 149,369 |  | 94,834 |  |

NET ASSETS | 1,823,229 |  | 2,054,130 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Revaluation reserve | 8 | 927,641 |  | 1,192,176 |  |

Retained earnings | 894,588 |  | 860,954 |  |

SHAREHOLDERS' FUNDS | 1,823,229 |  | 2,054,130 |  |

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 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.

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

BALANCE SHEET - continued

31 December 2024

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 1 August 2025 and were signed on its behalf by:

G D Swetman - Director

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| London and Southern Estates (Swindon) 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.

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.

| Turnover

| Turnover represents the rental income chargeable for the period covered by these accounts, excluding value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| 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.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. it is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different to those in which they are recognised in the financial statements.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investments and investment properties held at fair value is measured using the rates and allowances that would apply to the sale of the assets.

| 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.

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Additional notes

| Financial Instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

| Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

| Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

| Provisions

| Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 2,200 |  |

| DEPRECIATION

| At 1 January 2024 | 849 |  |

| Charge for year | 203 |  |

| At 31 December 2024 | 1,052 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,148 |  |

| At 31 December 2023 | 1,351 |  |

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 2,950,000 |  |

| Revaluations | (210,000 | ) |

| At 31 December 2024 | 2,740,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,740,000 |  |

| At 31 December 2023 | 2,950,000 |  |

| The property shown above is let on a fifteen year and 5 months lease dated 21st April 2020.

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 2004 | 115,340 |  |

| Valuation in 2005 | 739,000 |  |

| Valuation in 2006 | 11,000 |  |

| Valuation in 2008 | (350,000 | ) |

| Valuation in 2009 | 399,000 |  |

| Valuation in 2012 | (299,000 | ) |

| Valuation in 2014 | 510,000 |  |

| Valuation in 2018 | (500,000 | ) |

| Valuation in 2020 | 682,581 |  |

| Valuation in 2024 | (210,000 | ) |

| Cost | 1,642,079 |  |

2,740,000 |  |

| The valuation adjustment showing as 2004 represents increases in value of £65,340 in 2003 and £50,000 in 2004.

| The current fair value is based on a valuation provided by BNP Paribas Real Estate as at 31st December 2024.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 874,980 |  | 812,267 |  |

| Other debtors | - |  | 62,202 |  |

874,980 |  | 874,469 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 1,868,611 |  | 1,886,916 |  |

| Taxation and social security | 42,594 |  | 1,078,134 |  |

| Other creditors | 2,462 |  | 6,561 |  |

1,913,667 |  | 2,971,611 |  |

LONDON AND SOUTHERN ESTATES (SWINDON)

LIMITED (REGISTERED NUMBER: 04541416)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

8. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2024 | 1,192,176 |  |

| Investment property valuation | (264,535 | ) |

| At 31 December 2024 | 927,641 |  |

9. | RELATED PARTY DISCLOSURES

| 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.

| The company held loans from Directors during the year. The balance was £312 (2023 - £4,511) at the balance sheet date.

| No interest has been charged and there is no formal repayment plan. The loan is repayable on demand.

10. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors the company is ultimately controlled by Mr G D Swetman and Mrs A M Swetman.