Silverfin false false 31/01/2026 01/02/2025 31/01/2026 Mr Mark Willis 25/06/2015 Mrs Maureen Willis 28/01/2010 06 May 2026 The principal activity of the Company during the financial year is property development. 07122571 2026-01-31 07122571 bus:Director1 2026-01-31 07122571 bus:Director2 2026-01-31 07122571 2025-01-31 07122571 core:CurrentFinancialInstruments 2026-01-31 07122571 core:CurrentFinancialInstruments 2025-01-31 07122571 core:Non-currentFinancialInstruments 2026-01-31 07122571 core:Non-currentFinancialInstruments 2025-01-31 07122571 core:ShareCapital 2026-01-31 07122571 core:ShareCapital 2025-01-31 07122571 core:RetainedEarningsAccumulatedLosses 2026-01-31 07122571 core:RetainedEarningsAccumulatedLosses 2025-01-31 07122571 bus:OrdinaryShareClass1 2026-01-31 07122571 2025-02-01 2026-01-31 07122571 bus:FilletedAccounts 2025-02-01 2026-01-31 07122571 bus:SmallEntities 2025-02-01 2026-01-31 07122571 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 07122571 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 07122571 bus:Director1 2025-02-01 2026-01-31 07122571 bus:Director2 2025-02-01 2026-01-31 07122571 2024-02-01 2025-01-31 07122571 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 07122571 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07122571 (England and Wales)

# SWIFTLOGIC LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

SWIFTLOGIC LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

SWIFTLOGIC LIMITED

## BALANCE SHEET

As at 31 January 2026
SWIFTLOGIC LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 75,000 |  | 75,000
|  | 75,000 |  | 75,000
Current assets |  |  |  |
Stocks |  | 115,044 |  | 115,044
Debtors |  |  |  |
- due within one year | 4 | 0 |  | 7,200
- due after more than one year | 4 | 0 |  | 8,800
Cash at bank and in hand |  | 29,270 |  | 36,688
|  | 144,314 |  | 167,732
Creditors: amounts falling due within one year | 5 | ( 115,114) |  | ( 139,187)
Net current assets |  | 29,200 |  | 28,545
Total assets less current liabilities |  | 104,200 |  | 103,545
Net assets |  | 104,200 |  | 103,545
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | 104,100 |  | 103,445
Total shareholder's funds |  | 104,200 |  | 103,545

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Swiftlogic Limited (registered number: 07122571) were approved and authorised for issue by the Board of Directors on 06 May 2026. They were signed on its behalf by:

Mrs Maureen Willis Director |

SWIFTLOGIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
SWIFTLOGIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Swiftlogic Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 February 2025 | 75,000
As at 31 January 2026 | 75,000

There has been a valuation of investment property by an independent valuer in August 2022.

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Other debtors | 0 |  | 7,200
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 0 |  | 8,800

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Amounts owed to directors | 110,932 |  | 133,775
Accruals | 3,600 |  | 4,542
Taxation and social security | 582 |  | 870
| 115,114 |  | 139,187

#### 6. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 7. Off Balance Sheet arrangements

Overage Deed
The company has an entitlement to future income and a related commitment to share a portion of income with a third party dependent on the granting of planning permission or the sale of properties on a piece of land disposed of during the 2017 financial year. The overage period is 25 years and this will terminate on 23rd August 2041.

#### 8. Reserves

Profit and loss account

The profit and loss reserve represents cumulative profit or loss, net of dividends paid and other adjustments. Included in the carry forward figure of £104,100 is £9,520 in relation to unrealised losses on investment property.