Swift Virtual Shopping SPV Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15660291

		31 December 2024
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		673,268

			673,268
CURRENT ASSETS
Debtors	5	153,267

		153,267
Creditors: Amounts Falling Due Within One Year	6	(192,832 )

NET CURRENT ASSETS (LIABILITIES)			(39,565 )

TOTAL ASSETS LESS CURRENT LIABILITIES			633,703

NET ASSETS			633,703

CAPITAL AND RESERVES
Called up share capital	7		2
Other reserves			828,805
Profit and Loss Account			(195,104 )

SHAREHOLDERS' FUNDS			633,703

For the period 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonas Lagerstrom

Director

23/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Swift Virtual Shopping SPV Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15660291 . The registered office is 5 Upper Montagu Street, London, W1H 2AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represent the value of customer relationships which were purchased from the previous owner of those relationships. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Intangible Assets

	Other
	£
Cost
As at 19 April 2024	-
Additions	762,190

As at 31 December 2024	762,190

Amortisation
As at 19 April 2024	-
Provided during the period	88,922

As at 31 December 2024	88,922

...CONTINUED

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Swift Virtual Shopping SPV Ltd

Notes to the Financial Statements (continued)

For the Period 19 April 2024 to 31 December 2024

Net Book Value
As at 31 December 2024	673,268

As at 19 April 2024	-

5. Debtors

	31 December 2024
	£
Due within one year
Other debtors	153,267

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Amounts owed to group undertakings	191,274
Other creditors	1,558

	192,832

The amounts owed to group undertakings are unsecured, carry no interest, and are repayable on demand.

7. Share Capital

	31 December 2024
	£
Allotted, Called up and fully paid	2

8. Reserves

Other reserves represent a capital contribution received by the company from its parent company.

9. Related Party Transactions

The company is a wholly owned subsidiary member of it's group and has therefore taken advantage of the provisions of Section 33.1A of FRS102 not to disclose transactions with entities that are wholly owned members of the group.

Other than disclosed in these accounts, there were no other transactions with related parties that were not made under normal market conditions.

10. Ultimate Controlling Party

The company's ultimate controlling party is unknown. The parent company is Bambuser AB, a company incorporated in Sweden which has shares listed on an unrecognised stock exchange.

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