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Company Registration No. 04553728 (England and Wales)
SWABY SOFTWARE LIMITED Unaudited accounts for the year ended 28 February 2025
SWABY SOFTWARE LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SWABY SOFTWARE LIMITED Company Information for the year ended 28 February 2025
Director
Rachel E Thomas
Company Number
04553728 (England and Wales)
Registered Office
89 Holcroft Court Clipstone Street London W1W 5DG
Accountants
Brett Estry and company Certified Accountant Enterprise House Ocean Way Southampton SO14 3XB
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SWABY SOFTWARE LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,058,000
1,058,000
Current assets
Debtors
5
9,982
1,600
Cash at bank and in hand
191,490
41,073
201,472
42,673
Creditors: amounts falling due within one year
6
(31,738)
(60,025)
Net current assets/(liabilities)
169,734
(17,352)
Total assets less current liabilities
1,227,734
1,040,648
Creditors: amounts falling due after more than one year
7
(580,345)
(398,000)
Net assets
647,389
642,648
Capital and reserves
Called up share capital
1
1
Profit and loss account
647,388
642,647
Shareholders' funds
647,389
642,648
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2025 and were signed on its behalf by
Rachel E Thomas Director Company Registration No. 04553728
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SWABY SOFTWARE LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SWABY SOFTWARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04553728. The registered office is 89 Holcroft Court, Clipstone Street, London, W1W 5DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2025
£
Fair value at 1 March 2024
1,058,000
At 28 February 2025
1,058,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,127
-
Accrued income and prepayments
1,600
1,600
Other debtors
5,255
-
9,982
1,600
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SWABY SOFTWARE LIMITED Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,600
1,600
Loans from directors
30,138
57,625
Accruals
-
800
31,738
60,025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
580,345
398,000
Secured loans The bank loans are secured by fixed charges over the company's investment property and a floating charge over the other assets of the company.
8
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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