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REGISTERED NUMBER: 12429546 (England and Wales)

Swanhill Finance Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Swanhill Finance Limited (Registered number: 12429546)

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Swanhill Finance Limited

Company Information

for the year ended 31 March 2025

| DIRECTORS: | J W G Thompson

| Mrs J E Thompson

| REGISTERED OFFICE: | Swanhill House

| Church Lane

| Bilton

| Hull

| East Yorkshire

| HU11 4DZ

| REGISTERED NUMBER: | 12429546 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

Swanhill Finance Limited (Registered number: 12429546)

Balance Sheet

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 1,627,423 |  | 1,453,832 |  |

Cash at bank | 46,783 |  | 319,123 |  |

1,674,206 |  | 1,772,955 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,463,042 |  | 1,462,538 |  |

NET CURRENT ASSETS | 211,164 |  | 310,417 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 211,164 |  | 310,417 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 175,000 |  | 175,000 |  |

Retained earnings | 36,164 |  | 135,417 |  |

SHAREHOLDERS' FUNDS | 211,164 |  | 310,417 |  |

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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

J W G Thompson - Director

Swanhill Finance Limited (Registered number: 12429546)

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Swanhill Finance 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.

| Turnover

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

| Interest income

| Interest income is recognised using the effective interest method on commercial loans provided.

| Financial instruments

| Debt instruments with no stated interest rate that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

| Debt instruments such as loans, borrowings and other accounts receivable and payable over more than one year are initially measured at the transaction price including transaction cost. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| Compound financial instruments that contain both a liability and an equity component, such as fixed term interest-free loans and redeemable preference shares are allocated between the liability component and the equity component. The liability component is determined by calculating the present value of the future payments discounted at a market rate of interest of a similar debt instrument. The equity component is the measurement difference which is accounted for as a capital contribution directly in equity.

| When shares are issued, any component that creates a financial liability of the company or group is presented as a liability in the balance sheet; measured initially at fair value net of transaction costs and thereafter at amortised cost until extinguished on conversion or redemption. The corresponding dividends relating to the liability component are charged as interest expense in the income statement. The initial fair value of the liability component is determined using a market rate for an equivalent liability without a conversion feature. The remainder of the proceeds on issue is allocated to the equity component and included in shareholders’ equity, net of transaction costs. The carrying amount of the equity component is not re-measured in subsequent years.

| Other non-basic financial instruments are measured at fair value through profit and loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, 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.

Swanhill Finance Limited (Registered number: 12429546)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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 (2024 - NIL).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loans and advances to

| customers | 1,597,300 |  | 1,453,249 |  |

| Trade debtors | 30,123 |  | 583 |  |

1,627,423 |  | 1,453,832 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | - |  | 25,476 |  |

| Other creditors | 1,463,042 |  | 1,437,062 |  |

1,463,042 |  | 1,462,538 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 175,000 | Ordinary | £1 | 175,000 |  | 175,000 |  |

7. | RELATED PARTY DISCLOSURES

| Included within other creditors is a loan from a director of £1,433,230 (2024: £1,396,629). The loan is interest free and repayable on demand.