REGISTERED NUMBER: 01961515 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Swingmill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G W Riley

D B Riley

REGISTERED OFFICE:

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

REGISTERED NUMBER:

01961515 (England and Wales)

ACCOUNTANTS:

Guthrie Accountancy Services Ltd

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

FIXED ASSETS

Tangible assets

4

202,516

275,900

CURRENT ASSETS

Debtors

5

-

23,627

Investments

6

1,808,512

1,541,700

Cash at bank

778,221

476,328

2,586,733

2,041,655

CREDITORS

Amounts falling due within one year

7

1,017,632

1,030,245

NET CURRENT ASSETS

1,569,101

1,011,410

TOTAL ASSETS LESS CURRENT LIABILITIES

1,771,617

1,287,310

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

209,270

209,270

Retained earnings

1,562,345

1,078,038

SHAREHOLDERS' FUNDS

1,771,617

1,287,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 October 2025 and were signed on its behalf by:

G W Riley - Director

1.	STATUTORY INFORMATION

Swingmill 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

473,430

Disposals

(112,513

)

At 31 March 2025

360,917

DEPRECIATION

At 1 April 2024

197,530

Charge for year

8,823

Eliminated on disposal

(47,952

)

At 31 March 2025

158,401

NET BOOK VALUE

At 31 March 2025

202,516

At 31 March 2024

275,900

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 1996

355,355

Cost

5,562

360,917

If freehold buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

135,396

135,396

Freehold buildings were valued on an open market basis on 3 August 1995 by Barker & Company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

23,627

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

1,808,512

1,541,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

1

Taxation and social security

55,952

69,264

Other creditors

961,680

960,980

1,017,632

1,030,245

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

209,270

9.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of Mr GW Riley and Mrs DB Riley who are both Directors and joint shareholders in the company.