SWALE PROPERTY GROUP LIMITED - Filleted accounts

Registered number

11125867

SWALE PROPERTY GROUP LIMITED

Filleted Accounts

31 December 2024

SWALE PROPERTY GROUP LIMITED
Registered number:		11125867
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		102,705			104,805

Current assets
Cash at bank and in hand		7,381			3,915

Creditors: amounts falling due within one year	4	(360)			(360)

Net current assets			7,021			3,555

Total assets less current liabilities			109,726			108,360

Creditors: amounts falling due after more than one year	5		(89,418)			(89,417)



Net assets			20,308			18,943

Capital and reserves
Called up share capital			2			2
Revaluation reserve	6		41,500			41,500
Profit and loss account			(21,194)			(22,559)

Shareholders' funds			20,308			18,943

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J Murray
Director
Approved by the board on 17 September 2025

SWALE PROPERTY GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 January 2024				106,905
	At 31 December 2024				106,905

	Depreciation
	At 1 January 2024				2,100
	Charge for the year				2,100
	At 31 December 2024				4,200

	Net book value
	At 31 December 2024				102,705
	At 31 December 2023				104,805


4	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		360		360


5	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		47,627		47,627
	Other creditors		41,791		41,790
			89,418		89,417


6	Revaluation reserve		2024		2023
£				£

	At 1 January 2024		41,500		-
	Gain on revaluation of land and buildings		-		41,500

	At 31 December 2024		41,500		41,500


7	Transactions with the directors

	The amount of £41,791.00 is owed to the directors of the company

8	Other information

	SWALE PROPERTY GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	37 Marrow Meade
	Fleet
	Hampshire
	GU51 1HH