SWIG CIP Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

SWIG CIP Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	4	60,005	30,005
Creditors: Amounts falling due within one year	5	(60,004)	(30,004)
Net assets		1	1
Capital and reserves
Called up share capital	6	1	1
Shareholders' funds		1	1

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:
 

......................................... J W Peters Director

Company Registration Number: 14932623

SWIG CIP Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Lowena House
Glenthorne Court
Truro Business Park
Truro
Cornwall
TR4 9NY
United Kingdom

These financial statements were authorised for issue by the Board on 1 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Key sources of estimation uncertainty

Treatment of the capital contribution and loan given to SWIF Smaller Loans LP during the year - see investment policy below. The carrying amount is £60,005 (2024 - £30,005).

Investments

SWIG CIP Limited invests through a Limited Partnership (SWIF Smaller Loans Limited Partnership). The investment is by way of capital contribution and loan. The directors have concluded that both elements meet the definition of a fixed assets investment under FRS102 and therefore the valuation of the investment held by SWIG CIP Limited is shown at cost less impairment.

Trade debtors

The debtor recognised by the company within the year is an amount due from a group company for contributions they have made. This contribution is deemed to be due over 1 year.

SWIG CIP Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors.

• Debtors outstanding due from and creditors due to group undertakings.

The financial instruments above are classified as basic. The equity investment is deemed to be a non-basic instrument, with the accounting treatment of this instrument discussed above.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Investments

	2025 £	2024 £
Investments in Limited Partnership	60,005	30,005