Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 0 Purchasing properties and renting them out.false 2024-08-01 false 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04074115 2024-08-01 2025-07-31 04074115 2023-08-01 2024-07-31 04074115 2025-07-31 04074115 2024-07-31 04074115 2023-08-01 04074115 c:Director1 2024-08-01 2025-07-31 04074115 c:Director2 2024-08-01 2025-07-31 04074115 d:FreeholdInvestmentProperty 2025-07-31 04074115 d:FreeholdInvestmentProperty 2024-07-31 04074115 d:CurrentFinancialInstruments 2025-07-31 04074115 d:CurrentFinancialInstruments 2024-07-31 04074115 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 04074115 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04074115 d:ShareCapital 2025-07-31 04074115 d:ShareCapital 2024-07-31 04074115 d:ShareCapital 2023-08-01 04074115 d:RevaluationReserve 2024-08-01 2025-07-31 04074115 d:RevaluationReserve 2025-07-31 04074115 d:RevaluationReserve 2024-07-31 04074115 d:RevaluationReserve 2023-08-01 04074115 d:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 04074115 d:RetainedEarningsAccumulatedLosses 2025-07-31 04074115 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 04074115 d:RetainedEarningsAccumulatedLosses 2024-07-31 04074115 d:RetainedEarningsAccumulatedLosses 2023-08-01 04074115 c:OrdinaryShareClass1 2024-08-01 2025-07-31 04074115 c:OrdinaryShareClass1 2025-07-31 04074115 c:OrdinaryShareClass1 2024-07-31 04074115 c:OrdinaryShareClass2 2024-08-01 2025-07-31 04074115 c:OrdinaryShareClass2 2025-07-31 04074115 c:OrdinaryShareClass2 2024-07-31 04074115 c:OrdinaryShareClass3 2024-08-01 2025-07-31 04074115 c:OrdinaryShareClass3 2025-07-31 04074115 c:OrdinaryShareClass3 2024-07-31 04074115 c:OrdinaryShareClass4 2024-08-01 2025-07-31 04074115 c:OrdinaryShareClass4 2025-07-31 04074115 c:OrdinaryShareClass4 2024-07-31 04074115 c:FRS102 2024-08-01 2025-07-31 04074115 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04074115 c:FullAccounts 2024-08-01 2025-07-31 04074115 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04074115 6 2024-08-01 2025-07-31 04074115 e:PoundSterling 2024-08-01 2025-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04074115 SWC PROPERTIES LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
SWC PROPERTIES LTD REGISTERED NUMBER: 04074115 BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 3,651 |  | 6,299
Investment property | 5 |  | 3,535,061 |  | 3,535,061
|  |  | 3,538,712 |  | 3,541,360
Current assets |  |  |  |  |
Debtors | 6 | 33,855 |  | 5,111 |
Cash at bank and in hand |  | 224,869 |  | 118,171 |
|  | 258,724 |  | 123,282 |
Creditors: amounts falling due within one year | 7 | (1,405,556) |  | (1,394,700) |
Net current liabilities |  |  | (1,146,832) |  | (1,271,418)
Total assets less current liabilities |  |  | 2,391,880 |  | 2,269,942
Net assets |  |  | 2,391,880 |  | 2,269,942
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Revaluation reserve | 9 |  | - |  | 395,897
Profit and loss account | 9 |  | 2,391,780 |  | 1,873,945
|  |  | 2,391,880 |  | 2,269,942
Page 1
SWC PROPERTIES LTD REGISTERED NUMBER: 04074115 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2025.
I A Hunter | I L Hunter
Director | Director
The notes on pages 4 to 7 form part of these financial statements. Page 2

|  | SWC PROPERTIES LTD |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2025
|  | Called up share capital | Revaluation reserve | Profit and loss account | Total equity
|  | £ | £ | £ | £
| At 1 August 2023 | 100 | 395,897 | 1,769,187 | 2,165,184
| Profit for the year | - | - | 140,728 | 140,728
| Dividends: Equity capital | - | - | (35,970) | (35,970)
| At 1 August 2024 | 100 | 395,897 | 1,873,945 | 2,269,942
| Profit for the year | - | - | 144,298 | 144,298
| Dividends: Equity capital | - | - | (22,360) | (22,360)
| Transfer to profit and loss account | - | (395,897) | 395,897 | -
| At 31 July 2025 | 100 | - | 2,391,780 | 2,391,880
| The notes on pages 4 to 7 form part of these financial statements.
Page 3

SWC PROPERTIES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | Accounting policies
SWC Properties Ltd is a private company limited by shares incorporated in England and Wales (registered no. 04074115). The registered office is 60-70 Broad Lane, Sheffield, South Yorkshire, S1 4BT. The principal activity of the company during the year continued to be that of property investment and management. 2.Accounting policies
| 2.1 | Accounting convention
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the rental of property and is recognised as the rental period passes.
| 2.3 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.4 | Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Page 4
SWC PROPERTIES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.5 | Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.6 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.7 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
4. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 August 2024 | 6,299
| Revaluations | (2,648)
| At 31 July 2025 | 3,651
Page 5
SWC PROPERTIES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2024 | 3,535,061
| At 31 July 2025 | 3,535,061
The investment properties were valued on 31st July 2025 by the company directors. The basis of this valuation was existing use basis. This class of assets has a current value of £3,535,061 (2024: £3,535,061 and a carry amount at historical cost of £3,139,164 (2024: £3,139,164).
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by related company | 28,125 | -
| Other debtors | 125 | 125
| Prepayments and accrued income | 5,605 | 4,986
|  | 33,855 | 5,111
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 48,844 | 47,149
| Other taxation and social security | 938 | 938
| Amounts owed to related company | 1,346,112 | 1,342,363
| Accruals and deferred income | 9,662 | 4,250
|  | 1,405,556 | 1,394,700
Page 6
SWC PROPERTIES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 27 (2024 - 27) Ordinary shares of £1.00 each | 27 | 27
|  | 21 (2024 - 21) Ordinary A shares of £1.00 each | 21 | 21
|  | 26 (2024 - 26) Ordinary B shares of £1.00 each | 26 | 26
|  | 26 (2024 - 26) Ordinary C shares of £1.00 each | 26 | 26
|  |  | 100 | 100
9. | Reserves
Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in a revaluation reserve, which, being an unrealised surplus, did not form part of the company's distributable reserves, FRS 102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account. Moreover, there is now a requirement that deferred tax should be provided against the amount of the revaluation surplus. Consequently, the Profit and Loss Account reserve at 31 July 2025 includes a non-distributable amount of £395,897.
10. | Controlling party
The directors are considered to be the ultimate controlling party by virtue of their controlling shareholding in the company.
Page 7