REGISTERED NUMBER: 11886542 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Swan Bromsgrove Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Witherford

Mrs S J Witherford

REGISTERED OFFICE:

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

REGISTERED NUMBER:

11886542 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Tangible assets

4

114,267

122,685

CURRENT ASSETS

Stocks

14,483

15,383

Debtors

5

6,060

3,323

Cash at bank and in hand

347,092

371,506

367,635

390,212

CREDITORS

Amounts falling due within one year

6

154,056

229,572

NET CURRENT ASSETS

213,579

160,640

TOTAL ASSETS LESS CURRENT LIABILITIES

327,846

283,325

CREDITORS

Amounts falling due after more than one year

7

(6,614

)

(21,994

)

PROVISIONS FOR LIABILITIES

(22,681

)

(24,786

)

NET ASSETS

298,551

236,545

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

298,451

236,445

SHAREHOLDERS' FUNDS

298,551

236,545

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr P Witherford - Director

1.	STATUTORY INFORMATION

The Swan Bromsgrove Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

291,765

Additions

29,671

At 31 March 2025

321,436

DEPRECIATION

At 1 April 2024

169,080

Charge for year

38,089

At 31 March 2025

207,169

NET BOOK VALUE

At 31 March 2025

114,267

At 31 March 2024

122,685

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,060

3,323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,636

14,256

Trade creditors

42,997

71,531

Taxation and social security

80,893

70,151

Other creditors

15,530

73,634

154,056

229,572

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,614

21,994

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

21,250

36,250

The bank loan is secured by a fixed and floating charge over all assets.

9.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases of £19,298 (2024 - £52,227).

There is also a company guarantee supported by a debenture pledged by ' The Swan Bromsgrove Ltd' in respect of the borrowings of 'The Contemporary Carvery Co Ltd'. At 31st March 2025: £127,013 was the potential contingent liability (2024 - £149,152).