SWFS Properties Limited - Filleted accounts

Registered number

09958155

SWFS Properties Limited

Filleted Accounts

31 March 2025

SWFS Properties Limited
Registered number:		09958155
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments properties	3		555,705			555,705

Current assets
Cash at bank and in hand		8,878			348,066

Creditors: amounts falling due within one year	4	(10,779)			(3,050)

Net current (liabilities)/assets			(1,901)			345,016

Total assets less current liabilities			553,804			900,721

Creditors: amounts falling due after more than one year	5		(449,423)			(813,805)



Net assets			104,381			86,916

Capital and reserves
Called up share capital			1			1
Profit and loss account			104,380			86,915

Shareholder's funds			104,381			86,916

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Sanjay Wadhia
Director
Approved by the board on 12 December 2025

SWFS Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term

	Investments properties
	Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at their fair values based on market value determined by Directors annually and by professional independent valuers every three years. The difference between the fair value of an investment at the reporting date and its carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Investments properties
					Land and buildings
£
	Cost
	At 1 April 2024				555,705
	At 31 March 2025				555,705

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				555,705
	At 31 March 2024				555,705


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		2,045		965
	Taxation and social security costs		4,097		1,404
	Other creditors		4,637		681
			10,779		3,050


5	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		-		308,986
	Other creditors		449,423		504,819
			449,423		813,805


6	Other information

	SWFS Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	31 Tudor Manor Gardens
	Watford
	WD25 9TQ