Company No: 15043905 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.06.2025		30.06.2024
		£		£
Fixed assets
Investments	3	2,040,000		2,040,000
		2,040,000		2,040,000
Current assets
Debtors	4	11,495		913
Cash at bank and in hand		17,383		20,954
		28,878		21,867
Creditors: amounts falling due within one year	5	( 42,506)		( 2,064,600)
Net current liabilities		(13,628)		(2,042,733)
Total assets less current liabilities		2,026,372		(2,733)
Net assets/(liabilities)		2,026,372		( 2,733)
Capital and reserves
Called-up share capital	7	2,061,001		1
Profit and loss account		( 34,629 )		( 2,734 )
Total shareholder's funds/(deficit)		2,026,372		( 2,733)

For the financial 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 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 Swartland Holdco Limited (registered number: 15043905) were approved and authorised for issue by the Board of Directors on 24 June 2026. They were signed on its behalf by:

J F Hanekom Director

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 period, unless otherwise stated.

General information and basis of accounting

Swartland Holdco 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 Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

2. Employees

	Year ended 30.06.2025		Period from 02.08.2023 to 30.06.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Fixed asset investments

	Loans		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 July 2024	326,700		1,713,300		2,040,000
At 30 June 2025	326,700		1,713,300		2,040,000
Carrying value at 30 June 2025	326,700		1,713,300		2,040,000
Carrying value at 30 June 2024	326,700		1,713,300		2,040,000

Investments in shares

The following were investments in the shares of the Company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 30.06.2025
Artisan Albany House Holdings UK Limited	7 Cliffe Park Way, Bruntcliffe Road, Morley, Leeds, England, LS27 0RY	Property investment	Ordinary	30.00%
Artisan Edinburgh Shandon Holdings UK Limited	7 Cliffe Park Way, Bruntcliffe Road, Morley, Leeds, LS27 0RY	Property investment	Ordinary	30.00%

4. Debtors

	30.06.2025		30.06.2024
	£		£
Deferred tax asset	11,494		912
Other debtors	1		1
	11,495		913

5. Creditors: amounts falling due within one year

	30.06.2025		30.06.2024
	£		£
Trade creditors	36,563		0
Other creditors	5,943		2,064,600
	42,506		2,064,600

6. Deferred tax

	30.06.2025		30.06.2024
	£		£
At the beginning of financial year/period	912		0
Credited to the Statement of Income and Retained Earnings	10,582		912
At the end of financial year/period	11,494		912

7. Called-up share capital

	30.06.2025		30.06.2024
	£		£
Allotted, called-up and fully-paid
2,061,001 Ordinary shares of £ 1.00 each (30.06.2024: 1 share of £ 1.00 )	2,061,001		1

2,061,000 shares were allotted to Swartland Eiendomme (Pty) Limited for cash on 23 April 2025.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	30.06.2025		30.06.2024
	£		£
Swartland Eiendomme (PTY) Ltd	0		(2,061,000)

Other creditors of £2,061,000 in 2024 related to an advance received from Swartland Eiendomme (Pty) Ltd in anticipation of the issue of additional share capital. Due to an administrative oversight, the documentation required to issue the new shares was not completed before year end. The Company allotted 2,061,000 Ordinary £1 shares, with an aggregate value of £2,061,000, on 23 April 2025, prior to the approval of the 2024 financial statements. This balance did not represent a loan. Following the allotment, the amount has been reclassified to share capital.