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COMPANY REGISTRATION NUMBER: 10684950

Swithlands Ltd

Filleted Unaudited Financial Statements

30 June 2025

Swithlands Ltd

Financial Statements

Year ended 30 June 2025

Contents | Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 5

Swithlands Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Swithlands Ltd

Year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swithlands Ltd for the year ended 30 June 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Swithlands Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Swithlands Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swithlands Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Swithlands Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Swithlands Ltd. You consider that Swithlands Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Swithlands Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
10 February 2026

Swithlands Ltd

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £

Current assets

Debtors | 5 | 15,237 | 36,266
Cash at bank and in hand | 20,430 | 1,575
| -------- | --------
| 35,667 | 37,841

Creditors: amounts falling due within one year | 6 | 30,728 | 18,124
| -------- | --------
Net current assets | 4,939 | 19,717
| ------- | --------
Total assets less current liabilities | 4,939 | 19,717

Creditors: amounts falling due after more than one year | 7 | 22,685 | 28,704
| -------- | --------
Net liabilities | ( 17,746) | ( 8,987)
| -------- | --------

Swithlands Ltd

Statement of Financial Position (continued)

30 June 2025

| 2025 | 2024
Note | £ | £

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 17,846) | ( 9,087)
| -------- | -------
Shareholders deficit | ( 17,746) | ( 8,987)
| -------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 February 2026 , and are signed on behalf of the board by:

Mr S Smith
Director

Company registration number: 10684950

Swithlands Ltd

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bottom Merrill Grange, Mill Lane, Belton, Loughborough, Leicestershire, LE17 9UJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date, the statement of financial position shows a deficit on shareholders funds, however, the entity continues to be a going concern due to the ongoing support of the bank and the directors. The directors consider this to be appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 15,237 | 36,266
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 6,018 | 6,018
Trade creditors | – | 7,507
Corporation tax | – | 3,099
Other creditors | 24,710 | 1,500
| -------- | --------
| 30,728 | 18,124
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 22,685 | 28,704
| -------- | --------

Included within creditors: amounts falling due after more than one year is an amount of £854 (2024: £6,482) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The interest rate applicable to this loan, with instalments outstanding after five years, was 2.5% above base.
8. Directors' advances, credits and guarantees
During the year, capital was introduced by the directors to the company in the total sum of £53,096. Advances were made to the directors of £10,664 leaving a balance owed to the directors of £22,609 (2024: £(19,823) due to the company) and this balance is included in other creditors above. The loans are interest free and carry no formal repayment terms.
9. Related party transactions
The company was under the control of Mr S Smith and Mrs N Smith, by virtue of their directorships and ownership of 100% of the share capital.