REGISTERED NUMBER: 13147346 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

SWIFTSURE WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Heap

REGISTERED OFFICE:

1 Church Hill

Knutsford

WA16 6DH

REGISTERED NUMBER:

13147346 (England and Wales)

ACCOUNTANTS:

Camerons Accountancy Consultants Limited

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Intangible assets

4

8,178,178

7,593,554

Tangible assets

5

93,363

84,843

8,271,541

7,678,397

CURRENT ASSETS

Debtors

6

260,364

266,131

Cash at bank and in hand

230,122

129,374

490,486

395,505

CREDITORS

Amounts falling due within one year

7

1,873,257

1,844,232

NET CURRENT LIABILITIES

(1,382,771

)

(1,448,727

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,888,770

6,229,670

CREDITORS

Amounts falling due after more than one year

8

(2,042,684

)

(1,939,814

)

PROVISIONS FOR LIABILITIES

(338,595

)

(336,465

)

NET ASSETS

4,507,491

3,953,391

CAPITAL AND RESERVES

Called up share capital

102

100

Share premium

1,874,900

1,874,900

Fair value reserve

9

1,009,396

1,009,396

Retained earnings

1,623,093

1,068,995

4,507,491

3,953,391

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

J Heap - Director

1.	STATUTORY INFORMATION

Swiftsure Wealth Management 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.

Turnover

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

Other intangible assets

Other intangible assets, namely client lists, are initially measured at cost. After initial recognition, they are valued using the revaluation model. This allows for the assets to be held at fair value, which can be determined by reference to an active market.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 11 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

7,593,554

Additions

584,624

At 31 January 2025

8,178,178

NET BOOK VALUE

At 31 January 2025

8,178,178

At 31 January 2024

7,593,554

Valuation at the year end is represented by cost of £6,247,694 and cumulative revaluations of £1,345,860.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

21,249

21,479

90,490

23,282

156,500

Additions

14,792

18,506

-

2,458

35,756

At 31 January 2025

36,041

39,985

90,490

25,740

192,256

DEPRECIATION

At 1 February 2024

7,090

2,148

52,315

10,104

71,657

Charge for year

5,115

3,998

9,543

8,580

27,236

At 31 January 2025

12,205

6,146

61,858

18,684

98,893

NET BOOK VALUE

At 31 January 2025

23,836

33,839

28,632

7,056

93,363

At 31 January 2024

14,159

19,331

38,175

13,178

84,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

260,364

266,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

78,022

75,975

Taxation and social security

193,941

168,104

Other creditors

1,601,294

1,600,153

1,873,257

1,844,232

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

2,042,684

1,939,814

9.

RESERVES

Fair

value

reserve

£

At 1 February 2024

and 31 January 2025

1,009,396

10.	CONTINGENT LIABILITIES

On 17th September 2021, a legal charge was created over the company’s assets to secure a debenture for Trafalgar Finance Limited, a related party company. The total amount outstanding at 31st January 2025 was £472,216 (£490,870 in 2024). The charge registered under code 131473460001 can be seen at Companies House.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st January 2025, Swiftsure Wealth Management Limited owed its director, Mr J Heap, £897,281 (£931,554 in 2024). Interest is charged on the loan at market rate and the loan is repayable on demand. The loan is shown under Other Creditors.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Heap.