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ANGELA SWIFT DEVELOPMENTS GROUP LIMITED

Registered Number
09734987
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2026

ANGELA SWIFT DEVELOPMENTS GROUP LIMITED
Company Information
for the year from 1 February 2025 to 31 January 2026

Directors | KETTLEWELL, Gary
| SKINNER, Jenna Lee
| SWIFT, Angela

Registered Address | Windsor House
| Cornwall Road
| Harrogate
| HG1 2PW

Registered Number | 09734987 (England and Wales)

ANGELA SWIFT DEVELOPMENTS GROUP LIMITED
Statement of Financial Position
31 January 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 399,629 |  |  |  | 429,439
Investments | 5 |  |  | 175 |  |  |  | 200
Investment property | 4 |  |  | 155,585 |  |  |  | 155,585
|  |  |  | 555,389 |  |  |  | 585,224
Current assets |  |  |  |  |  |  |  |
Debtors | 6,7 | 7,072,476 |  |  |  | 6,104,691 |  |
Cash at bank and on hand |  | 489,118 |  |  |  | 180,120 |  |
|  | 7,561,594 |  |  |  | 6,284,811 |  |
Creditors amounts falling due within one year | 8 | (8,313,163) |  |  |  | (6,000,747) |  |
Net current assets (liabilities) |  |  |  | (751,569) |  |  |  | 284,064
Total assets less current liabilities |  |  |  | (196,180) |  |  |  | 869,288
Creditors amounts falling due after one year | 9 |  |  | - |  |  |  | (50,402)
Net assets |  |  |  | (196,180) |  |  |  | 818,886
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 200 |  |  |  | 200
Profit and loss account |  |  |  | (196,380) |  |  |  | 818,686
Shareholders' funds |  |  |  | (196,180) |  |  |  | 818,886

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 July 2026, and are signed on its behalf by:
SKINNER, Jenna Lee Director Registered Company No. 09734987

ANGELA SWIFT DEVELOPMENTS GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 January 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| The directors have reviewed the company's financial position and taking into account the availability of working capital and the ongoing support from its shareholders, the directors have concluded that the company will be able to meet its financial obligations as they fall due for at least twelve months from the date of approval of these financial statements. Consequently, these financial statements have been prepared on the basis that the company is a going concern.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

| 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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Land and buildings | 47
| Fixtures and fittings | 3
| Vehicles | 4

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

| Investment property
--- | ---
| Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

| Financial instruments
--- | ---
| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 3 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 February 25 | 404,290 |  | 80,943 |  | 35,662 |  | - |  | 520,895
| Additions | - |  | - |  | 1,040 |  | 1,896 |  | 2,936
| At 31 January 26 | 404,290 |  | 80,943 |  | 36,702 |  | 1,896 |  | 523,831
| Depreciation and impairment
| At 01 February 25 | 25,806 |  | 36,303 |  | 29,347 |  | - |  | 91,456
| Charge for year | 8,602 |  | 20,236 |  | 3,276 |  | 632 |  | 32,746
| At 31 January 26 | 34,408 |  | 56,539 |  | 32,623 |  | 632 |  | 124,202
| Net book value
| At 31 January 26 | 369,882 |  | 24,404 |  | 4,079 |  | 1,264 |  | 399,629
| At 31 January 25 | 378,484 |  | 44,640 |  | 6,315 |  | - |  | 429,439

4. | Investment property
--- | ---
| The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.

|  | £
| Fair value at 01 February 25 | 155,585
| At 31 January 26 | 155,585

5. | Fixed asset investments
--- | ---

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 February 25 | 200 |  | 200
| Disposals | (25) |  | (25)
| At 31 January 26 | 175 |  | 175
| Net book value
| At 31 January 26 | 175 |  | 175
| At 31 January 25 | 200 |  | 200

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

6. | Debtors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 45,717 |  | 36,059
| Other debtors | 250 |  | 1,927
| Prepayments and accrued income | 9,888 |  | 19,411
| Total | 55,855 |  | 57,397

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7. | Debtors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed by group undertakings | 976,553 |  | 821,078
| Amounts owed by associates and joint ventures / participating interests | 6,040,068 |  | 5,226,216
| Total | 7,016,621 |  | 6,047,294

8. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 3,166 |  | 16,104
| Amounts owed to related parties | 100 |  | 100
| Taxation and social security | 7,707 |  | 4,589
| Finance lease and HP contracts | 51,147 |  | 1,642
| Other creditors | 7,613,097 |  | 5,972,782
| Accrued liabilities and deferred income | 637,946 |  | 5,530
| Total | 8,313,163 |  | 6,000,747

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | - |  | 50,402
| Total | - |  | 50,402

| Hire Purchase contracts amounting to NIL (2025 - £50,402) are included within other creditors.

10. | Obligations under finance leases
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 51,147 |  | 52,044

11. | Operating lease commitments
--- | ---
| At 31st January 2026 the company had future minimum lease payments under non-cancellable operating leases of £388,839 (2025 - £370,955).

12. | Related party transactions
--- | ---
| A Swift and J Skinner are directors of both Angela Swift Developments Group Ltd and Angela Swift Developments (Stainton) Ltd. At the year end Angela Swift Developments (Stainton) Ltd owes £976,553 (£821,078 - 2025) to Angela Swift Developments Group Ltd and is disclosed under debtors in 'Amounts owed by group undertakings'. Trade debtors disclosed as £45,717 (£36,059 - 2025) also includes £44,056 owed from Angela Swift Developments (Stainton) Ltd. Included within amounts owed by associates and joint ventures / participating interests are interest free loans of £6,040,068 (2025 - £5,226,216). Trade debtors disclosed as £45,717 (£36,059 - 2025) also includes £1,661 owed from related party interests. At the balance sheet date the company owed its directors £7,613,097 (2025 - £5,972,782) which is shown within other creditors. The loan is repayable on demand. Interest totalling £630,843 (2025 - NIL) has been accrued and is included in the closing balance disclosed as due to directors as at the balance sheet date.