SW12 Limited - Filleted accounts

Registered number

04197118

SW12 Limited

Filleted Accounts

31 March 2025

SW12 Limited
Registered number:		04197118
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,937			1,551
Investments	4		513,773			524,540
			516,710			526,091

Current assets
Debtors	5	722,109			742,079
Cash at bank and in hand		310			1,980
		722,419			744,059

Creditors: amounts falling due within one year	6	(592,133)			(618,839)

Net current assets			130,286			125,220

Total assets less current liabilities			646,996			651,311

Creditors: amounts falling due after more than one year	7		(17,281)			(24,047)

Provisions for liabilities			(822)			(295)


Net assets			628,893			626,969

Capital and reserves
Called up share capital			2			2
Profit and loss account			628,891			626,967

Shareholders' funds			628,893			626,969

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.



Mr C Leigh-Pemberton
Director
Approved by the board on 1 December 2025

SW12 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:

	Plant and machinery	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 April 2024					26,451
	Additions					2,298
	At 31 March 2025					28,749

	Depreciation
	At 1 April 2024					24,900
	Charge for the year					912
	At 31 March 2025					25,812

	Net book value
	At 31 March 2025					2,937
	At 31 March 2024					1,551


4	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 April 2024	463,090		61,450		524,540
	Disposals	-		(10,767)		(10,767)

	At 31 March 2025	463,090		50,683		513,773


5	Debtors			2025		2024
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			719,799		734,899
	Other debtors			2,310		7,180
				722,109		742,079


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

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			588,560		612,974
	Corporation tax			-		1,716
	Other creditors			3,573		4,149
				592,133		618,839


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

	Bank loans			17,281		24,047


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			17,281		24,047

	Bank loans are secured on the assets of the company.


9	Related party transactions			2025		2024
£					£
	Tritrend Limited
	Loan
	Tritrend Limited is under the control of Mr L. Carr, a director. During the year Tritrend Limited charged SW12 Limited management fees at arms length of £34,000.
	Amount due to the related party			7,250		29,250

	Chelsea & Belgravia Investments Limited
	Loan
	Chelsea & Belgravia Investments Limited is under the control of Mr C. Leigh-Pemberton, a director.During the year Chelsea & Belgravia Investments Limited charged SW12 Limited management fees at arms length of £34,000.
	Amount due to the related party			7,250		29,250

	Agavil Investments Limited
	Interest free loan
	Agavil Investments is a wholly owned subsidiary of SW12 Limited. During the year SW12 Limited charged Agavil Investments Limited £35,500 in management charges at arms length this amount has been deducted from the existing loan.
	Amount due to the related party			484,524		465,138

	Haynes Estates Limited
	Interest free loan
	Haynes Estates is a wholly owned subsidiary of SW12 Limited. During the year Haynes Estates Limited charged SW12 Limited £2,200 in management charges at arms length this amount has been added from the existing loan.
	Amount due to the related party			89,536		89,336
				588,560		612,974

	SW1A Limited
	Interest free loan
	The ordinary share capital of SW1A Limited is owned equally by Chelsea and Belgravia Investments Limited and Tritrend Limited. During the year SW1A2 Limited charged SW12 Limited £6,900 in management charges at arms length this amount has been deducted from the existing loan.
	Amount due from the related party			(233,590)		(5,490)

	SW1B Limited
	Interest free loan
	SW1B Limited is a wholly owned subsidiary of SW12 Limited. During the year SW12 Limited charged SW1B Limited £34,800 in management charges at arms length this amount has been added from the existing loan.
	Amount due from the related party			(486,209)		(729,409)
				(719,799)		(734,899)

	The directors are satisfied that the company is exempt from the requirement to prepare group accounts under section 399 of the Companies Act 2006 as such consolidated accounts have not been prepared.

10	Controlling party

	The ultimate controlling party throughout the period was Mr L Carr, a director and Mr C Leigh-Pemberton, a director who equally own 100% of the issued share capital of SW12 Ltd as follows: Mr L Carr, a director, owns 50% of the issued share capital of SW12 Limited. Mr C Leigh-Pemberton, a director, owns 50% of the issued share capital of SW12 Limited.


11	Other information

	SW12 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Holmer Terrace
	Holmer
	Hereford
	HR4 9RH