Swanor Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05546357

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		460,000		460,000

			460,000		460,000
CURRENT ASSETS
Debtors	5	44		51
Cash at bank and in hand		543		12,354

		587		12,405
Creditors: Amounts Falling Due Within One Year	6	(96,876 )		(112,354 )

NET CURRENT ASSETS (LIABILITIES)			(96,289 )		(99,949 )

TOTAL ASSETS LESS CURRENT LIABILITIES			363,711		360,051

Creditors: Amounts Falling Due After More Than One Year	7		(383,035 )		(381,235 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,727 )		(5,727 )

NET LIABILITIES			(25,051 )		(26,911 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Fair value reserve	10		24,413		24,413
Profit and Loss Account			(49,466 )		(51,326 )

SHAREHOLDERS' FUNDS			(25,051)		(26,911)

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Swanor Developments Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S P North

Director

27 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Swanor Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05546357 . The registered office is Fitling Garth Humbleton Road, Fitling, Hull, East Riding Of Yorkshire, HU12 9AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The company's liabilities exceed the company's assets at the balance sheet date. However the creditors include loans to the directors and they do not intend to withdraw their support from the company. In addition, in the opinion of the directors, the company will continue trading in the foreseeable future and as such the accounts have been prepared on the going concern basis

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	460,000

Fair value at 31 August 2025 is represented by:

		£
Valuation changes		30,140
Cost		429,860
Fair value		460,000

Investment properties were valued on an open market basis on 31 August 2025 by Mr S North, a director of the company.

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	44	51

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Swanor Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	-	1,800
Amounts owed to participating interests	7,136	6,700
Other creditors	89,740	103,854

	96,876	112,354

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	383,035	381,235

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	383,035		383,035

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Reserves

	Fair Value Reserve
	£
As at 1 September 2024	24,413

As at 31 August 2025	24,413

11. Related Party Transactions

A creditor of £6,700 was written off in the year to Applemont Linited. This company is owned by a director of Swanor Developments Limited.

There was an inter company loan balance of £7,136 owing at the year end to Casbuild Yorkshire Limited, a company whch is owned by one of the directors of this company.

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