For the financial year ended 31 December 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

Swim England London Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is c/o Sportpark Pavilion 3, 3 Oakwood Drive, Loughborough, LE11 3QF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Income

Income and expenses are included in the financial statements as they become receivable or due. The following policies are applied to particular categories of income.

- Membership fees are recognised on a time-apportioned basis over the period of membership.

- Investment income is included when receivable.

- Management fees and income from competitions and from development activities are accounted for when earned.

- The value of services provided by volunteers has not been included in these financial statements.

Provision is made in full against amounts receivable where there are doubts as to the recoverability of the sums involved.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred.

All costs are allocated between expenditure categories in the Income and Expenditure Account on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Expenses include VAT where applicable as the company cannot reclaim it.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks are stated at the lower of cost and net realisable value.

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, are initially recognised at transaction. Financial liabilities classified as payable within one year are not amortised.

The company is generally exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. .

However, corporation tax is payable on income from non-mutual trading.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Reserves

The Board of Directors has reviewed its reserves policy and agreed that the company will aim to have, as a minimum, cash reserves to enable it to pay for essential running costs for a year, in the event that there is no affiliation or other income. Swim England London Limited is committed to broadening its strategic investment into developing the aquatics disciplines in the region and is refreshing its strategy. In order to achieve these aims for our members, the Board of Directors anticipate the ongoing use of the reserves.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

On 31 December 2025, all computer equipment, diving recording equipment and artistic swimming music equipment held by ASA London Region (Swim England London) was transferred to Swim England London Limited.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

The company's unincorporated associated undertaking, ASA London Region (Swim England London) ceased activities during the year. All cash balances were transferred to Swim England London Limited by 12 December 2025 and all remaining assets and liabilities were transferred on 31 December 2025.