REGISTERED NUMBER: 08518734 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Swanbank Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T P Lunn

K S Atwal

REGISTERED OFFICE:

The Hill

Sinfin Lane

Barrow on Trent

Derby

DE73 7HH

REGISTERED NUMBER:

08518734 (England and Wales)

ACCOUNTANTS:

Bourne & Co.

Chartered Accountants

47a Queen Street

Derby

Derbyshire

DE1 3DE

FIXED ASSETS

Investment property

4

850,000

895,000

CURRENT ASSETS

Debtors

8,860

12,802

Cash at bank

85,945

33,249

94,805

46,051

CREDITORS

Amounts falling due within one year

31,221

26,180

NET CURRENT ASSETS

63,584

19,871

TOTAL ASSETS LESS CURRENT LIABILITIES

913,584

914,871

PROVISIONS FOR LIABILITIES

33,220

41,593

NET ASSETS

880,364

873,278

CAPITAL AND RESERVES

Called up share capital

5

100

100

Fair value reserve

6

155,899

192,526

Retained earnings

724,365

680,652

SHAREHOLDERS' FUNDS

880,364

873,278

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 September 2025 and were signed on its behalf by:

K S Atwal - Director

T P Lunn - Director

1.	STATUTORY INFORMATION

Swanbank Properties 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 represents net invoiced rental income due for the period.

Investment property

The investment properties are included in the financial statements at their latest open market valuation. No depreciation has been provided on the property in accordance with the Financial Reporting Standard 102.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

895,000

Revaluations

(45,000

)

At 31 May 2025

850,000

NET BOOK VALUE

At 31 May 2025

850,000

At 31 May 2024

895,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2023

231,641

Valuation in 2025

(45,000

)

Cost

663,359

850,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Fair

value

reserve

£

At 1 June 2024

192,526

Revaluation in the year

(45,000

)

DT on property revaluation

8,373

At 31 May 2025

155,899