Registration number: 10192568

Swedish Lifestyle Homes No.2 Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Swedish Lifestyle Homes No.2 Limited

Company Information

Directors

J Harris D Fish

Registered office

York House 41 Sheet Street Windsor SL4 1DD

Auditors

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Swedish Lifestyle Homes No.2 Limited

(Registration number: 10192568)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	33,218	36,918
Creditors: Amounts falling due within one year	5	(305,334)	(288,021)
Net liabilities		(272,116)	(251,103)
Capital and reserves
Called up share capital	6	1	1
Retained earnings		(272,117)	(251,104)
Shareholders' deficit		(272,116)	(251,103)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:
 

D Fish
Director

Swedish Lifestyle Homes No.2 Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
York House
41 Sheet Street
Windsor
SL4 1DD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' .

Basis of preparation

These financial statements have been prepared on a basis other than going concern (as further set out below) except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

As mentioned above the financial statements have been prepared on the basis other than that of a going concern on the grounds that following the completion of site development and sales of plots in previous years, the company intends to cease trading as soon as the opportunity exists. In ceasing to apply the going concern basis of accounting, this requires writing down the company’s assets to their net realisable value and making provisions against contracts that have become onerous at the reporting date. Given the nature of the transfer, no adjustments arose as a result of ceasing to apply the going concern basis of accounting.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Tax

The tax expense for the year comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Swedish Lifestyle Homes No.2 Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Swedish Lifestyle Homes No.2 Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

	2024 £	2023 £
Trade debtors	906	906
Other debtors	32,312	36,012
	33,218	36,918

5

Creditors

	2024 £	2023 £
Due within one year
Amounts due to group undertakings	298,433	281,121
Accruals and deferred income	6,901	6,900
	305,334	288,021

Swedish Lifestyle Homes No.2 Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Share Capital of £1 each	1	1	1	1

Share issue
Post year end, on 22 May 2025, 413,000 ordinary shares of £1 nominal value were issued.

7

Parent and ultimate parent undertaking

The Company is a subsidiary of Sӧdra Trivselhus Holdings AB. Sӧdra Trivselhus Holdings AB is a subsidiary undertaking of Sӧdra Skogsӓgarna Ekonomisk Fӧrening, the ultimate controlling party, who consolidates the results of the entire group.

The consolidated financial statements of the group are available to the public and may be obtained from Skogsudden, SE-351 89 Vӓxjӧ, Sweden.

 

8

Audit report

The Independent Auditor's Report was unqualified. We draw attention to Note 2 to the financial statements which explains that the directors intend to informally wind down the company following the completion of the company’s site development. The directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter. The name of the Senior Statutory Auditor who signed the audit report on 17 September 2025 was Rebecca Copping, who signed for and on behalf of Hazlewoods LLP.