Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 46 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.47 2024-04-01 false No description of principal activity true true false 08931914 2024-04-01 2025-03-31 08931914 2023-04-01 2024-03-31 08931914 2025-03-31 08931914 2024-03-31 08931914 c:Director3 2024-04-01 2025-03-31 08931914 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 08931914 d:Buildings d:ShortLeaseholdAssets 2025-03-31 08931914 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08931914 d:PlantMachinery 2024-04-01 2025-03-31 08931914 d:PlantMachinery 2025-03-31 08931914 d:PlantMachinery 2024-03-31 08931914 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08931914 d:FurnitureFittings 2024-04-01 2025-03-31 08931914 d:FurnitureFittings 2025-03-31 08931914 d:FurnitureFittings 2024-03-31 08931914 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08931914 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08931914 d:CurrentFinancialInstruments 2025-03-31 08931914 d:CurrentFinancialInstruments 2024-03-31 08931914 d:Non-currentFinancialInstruments 2025-03-31 08931914 d:Non-currentFinancialInstruments 2024-03-31 08931914 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08931914 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08931914 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08931914 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08931914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 08931914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08931914 d:ShareCapital 2025-03-31 08931914 d:ShareCapital 2024-03-31 08931914 d:SharePremium 2025-03-31 08931914 d:SharePremium 2024-03-31 08931914 d:RetainedEarningsAccumulatedLosses 2025-03-31 08931914 d:RetainedEarningsAccumulatedLosses 2024-03-31 08931914 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 08931914 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08931914 c:FRS102 2024-04-01 2025-03-31 08931914 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08931914 c:FullAccounts 2024-04-01 2025-03-31 08931914 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08931914 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 08931914 SWIFTBAR LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SWIFTBAR LIMITED REGISTERED NUMBER: 08931914 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 315,077 |  | 416,572
|  |  | 315,077 |  | 416,572
Current assets |  |  |  |  |
Stocks | 5 | 76,054 |  | 74,034 |
Debtors: amounts falling due within one year | 6 | 820,825 |  | 647,179 |
Cash at bank and in hand | 7 | 257,466 |  | 382,275 |
|  | 1,154,345 |  | 1,103,488 |
Creditors: amounts falling due within one year | 8 | (1,015,147) |  | (1,157,777) |
Net current assets/(liabilities) |  |  | 139,198 |  | (54,289)
Total assets less current liabilities |  |  | 454,275 |  | 362,283
Creditors: amounts falling due after more than one year | 9 |  | (8,229) |  | (32,403)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (47,364) |  | (68,237) |
|  |  | (47,364) |  | (68,237)
Net assets |  |  | 398,682 |  | 261,643
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,200 |  | 1,200
Share premium account |  |  | 188,900 |  | 188,900
Profit and loss account |  |  | 208,582 |  | 71,543
|  |  | 398,682 |  | 261,643
Page 1
SWIFTBAR LIMITED REGISTERED NUMBER: 08931914 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
E A Weil
Director
Date: 18 February 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Swiftbar Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG. The company's principal activity is that of public houses and bars. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Bar sales from retail activities are recognised at the point of sale.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 3
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | 5% |
|  |  |  | Plant and machinery | - | 25% |
|  |  |  | Fixtures and fittings | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on an actual basis. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 46 (2024 - 47).
Page 5
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Leasehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 121,040 | 153,015 | 523,577 | 797,632
| Additions | - | 2,766 | 24,255 | 27,021
| At 31 March 2025 | 121,040 | 155,781 | 547,832 | 824,653
| Depreciation |  |  |  |
| At 1 April 2024 | 7,757 | 62,752 | 310,552 | 381,061
| Charge for the year on owned assets | 6,052 | 35,557 | 86,906 | 128,515
| At 31 March 2025 | 13,809 | 98,309 | 397,458 | 509,576
| Net book value |  |  |  |
| At 31 March 2025 | 107,231 | 57,472 | 150,374 | 315,077
| At 31 March 2024 | 113,283 | 90,263 | 213,026 | 416,572
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 76,054 | 74,034
|  | 76,054 | 74,034
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 75,035 | 103,108
| Other debtors | 676,729 | 470,779
| Prepayments and accrued income | 69,061 | 73,292
|  | 820,825 | 647,179
Page 6
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 257,466 | 382,275
|  | 257,466 | 382,275
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 24,000 | 24,000
| Trade creditors | 110,394 | 157,457
| Corporation tax | 23,339 | -
| Other taxation and social security | 164,889 | 160,382
| Other creditors | 677,958 | 801,819
| Accruals and deferred income | 14,567 | 14,119
|  | 1,015,147 | 1,157,777
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,229 | 32,403
|  | 8,229 | 32,403
Page 7
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 24,000 | 24,000
|  | 24,000 | 24,000
| Amounts falling due after more than one year |  |
| Bank loans | 8,229 | 32,403
|  | 8,229 | 32,403
|  | 32,229 | 56,403
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (68,237)
| Charged to profit or loss | 20,873
| At end of year | (47,364)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (47,364) | (68,237)
|  | (47,364) | (68,237)
Page 8
SWIFTBAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Pension commitments
The company operated a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,745 (2024: £23,590). There was an outstanding balance of £5,852 (2024: £6,094) at the year end.
13. | Related party transactions
| At the balance sheet date, the company owed £96,175 (2024: £96,175) to the directors in respect of an interest free loan. The loan is repayable on demand. At the balance sheet date, the company owed £461,395 (2024: £574,719) to Speakeasy Entertainment Ltd, a company of which Mr E Weil and Mrs R Stimpson are directors. Interest is charged on the loan at a rate of 5% per annum. At the balance sheet date, the company was owed £260,250 (2024: £Nil) from Speakeasy Entertainment Holdings Ltd, a company of which Mr E Weil and Mrs R Stimpson are directors and shareholders. The loan is interest free. At the balance sheet date, the company was owed £344,615 (2024: £401,778) from Swift One Holdings Limited, a company under common control of the directors. The loan is interest free.
Page 9