ANGELA SWIFT DEVELOPMENTS GROUP LIMITED


Directors	KETTLEWELL, Gary
	SKINNER, Jenna Lee
	SWIFT, Angela


Registered Address	Windsor House
	Cornwall Road
	Harrogate
	HG1 2PW


Registered Number	09734987 (England and Wales)

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.

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.

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.

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.

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:

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.

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.

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.

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.

	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