REGISTERED NUMBER: 15131902 (England and Wales)

SWPD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

83,334

52,334

CURRENT ASSETS

Debtors

5

5,907

1,304

Cash at bank

202

670

6,109

1,974

CREDITORS

Amounts falling due within one year

6

3,408

55,699

NET CURRENT ASSETS/(LIABILITIES)

2,701

(53,725

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,035

(1,391

)

CREDITORS

Amounts falling due after more than one year

7

(61,231

)

-

PROVISIONS FOR LIABILITIES

8

(5,800

)

-

NET ASSETS/(LIABILITIES)

19,004

(1,391

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,002

(1,393

)

19,004

(1,391

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

S A Williams - Director

1.	STATUTORY INFORMATION

SWPD Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15131902

Registered office:

9 Coed Y Pica

Abertridwr

Caerphilly

CF83 4ET

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current 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 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

The Investment property was revalued under the legislation contained in FRS102 Accounting for Investment Properties. The increase in value over cost is £31,000

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2025

31,000

Cost

52,334

83,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,907

1,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

3,408

55,699

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

61,231

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

61,231

-

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,800

-

Deferred

tax

£

Revaluation Investment Propert

5,800

Balance at 31 March 2025

5,800

9.	RELATED PARTY DISCLOSURES

The company is under the control of the directors who hold 100% of the issued share capital