REGISTERED NUMBER: 12639983 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SWV 18HS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J J Morgan

D A Pitham

Registered office:

Unit 16

Albion Industrial Estate

Cilfynydd Road

Pontypridd

RCT

CF37 4NX

Registered number:

12639983 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Investment property

4

200,000

200,000

Current assets

Debtors

5

10,000

-

Cash at bank

5,617

8,580

15,617

8,580

Creditors

Amounts falling due within one year

6

27,450

23,720

Net current liabilities

(11,833

)

(15,140

)

Total assets less current liabilities

188,167

184,860

Creditors

Amounts falling due after more than one year

7

111,288

112,733

Net assets

76,879

72,127

Capital and reserves

Called up share capital

100

100

Retained earnings

76,779

72,027

76,879

72,127

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J J Morgan - Director

1.	Statutory information

SWV 18HS 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 comprises the total rents receivable by the company.

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

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 balance sheet date.

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.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

200,000

Net book value

At 31 December 2024

200,000

At 31 December 2023

200,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

200,000

If the property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

143,453

143,453

Investment Property was valued on an open market basis on 31 December 2024 by the company directors .

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Other debtors

10,000

-

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

1

1

Taxation and social security

1,115

2,166

Other creditors

26,334

21,553

27,450

23,720

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Other creditors

111,288

112,733

8.	Secured debts

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Council Loan

65,333

66,778

9.	Related party disclosures

Included within other creditors are inter company loan balances of £63,283 (2023 : £63,283) owed to companies who are shareholders of SWV 18HS Limited. This loan is interest free.