THE SWAN HMT LTD - Filleted accounts

Registered number

11603056

THE SWAN HMT LTD

Filleted Accounts

31 March 2025

THE SWAN HMT LTD
Registered number:		11603056
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		461,719			466,965

Current assets
Stocks		3,000			-
Debtors	4	1,165			476
Cash at bank and in hand		55,947			572
		60,112			1,048

Creditors: amounts falling due within one year	5	(11,110)			(650)

Net current assets			49,002			398

Total assets less current liabilities			510,721			467,363

Creditors: amounts falling due after more than one year	6		(785,236)			(764,236)



Net liabilities			(274,515)			(296,873)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(274,615)			(296,973)

Shareholders' funds			(274,515)			(296,873)

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 M Porterfield
Director
Approved by the board on 1 December 2025

THE SWAN HMT LTD
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.

	Going concern
	The company has historically incurred losses and, despite reporting a profit for the current period, it continues to have net liabilities. Accordingly, its ability to continue as a going concern depends on ongoing financial support from its parent company and the generation of future income. After making appropriate enquiries, the director has concluded that, at the time of approving these financial statements, there is a reasonable expectation that the company will have sufficient resources to continue its operations for the foreseeable future. Therefore, the director considers it appropriate to prepare the financial statements on a going concern basis.

	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:

	Freehold buildings	Nil
	Fixtures, fittings, tools and equipment	20% straight line basis

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings & equipment		Total
£			£		£
	Cost
	At 1 April 2024	454,803		53,963		508,766
	Additions	-		5,949		5,949
	Disposals	-		(46,349)		(46,349)
	At 31 March 2025	454,803		13,563		468,366

	Depreciation
	At 1 April 2024	-		41,801		41,801
	Charge for the year	-		11,195		11,195
	On disposals	-		(46,349)		(46,349)
	At 31 March 2025	-		6,647		6,647

	Net book value
	At 31 March 2025	454,803		6,916		461,719
	At 31 March 2024	454,803		12,162		466,965


4	Debtors			2025		2024
£					£

	Trade debtors			1,165		-
	Other debtors			-		476
				1,165		476


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

	Trade creditors			5,378		-
	Taxation and social security costs			62		-
	VAT liability			5,579		-
	Accrued expenses			-		650
	Other creditors			91		-
				11,110		650


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

	Amounts owed to group undertakings			785,236		-
	Other loans			-		764,236
				785,236		764,236


7	Related party transactions

	Included within the creditors is an amount of £785,236 owed to ROD Investments Ltd, the parent company of The Swan HMT Ltd.


8	Controlling party

	The company is controlled by Mr M Porterfield. The control comes by virtue of his directorship, day to day running of the business and shareholding in the parent company, ROD Investments Ltd.


9	Other information

	THE SWAN HMT LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Main Street
	Grendon Underwood
	Aylesbury
	England
	HP18 0SW