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Company registration number:
10908086
Sawong Property Ventures Ltd
Unaudited Filleted Financial Statements for the year ended
31 August 2025
Sawong Property Ventures Ltd
Statement of Financial Position
31 August 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Investments | 5 | 313,600 |  | 313,600 |
Current assets |  |  |  |  |
Investments | 6 | 32,998 |  | 32,998 |
Cash at bank and in hand |  | 225 |  | 35 |
|  | 33,223 |  | 33,033 |
Creditors: amounts falling due within one year | 7 | (9,966 | ) | (800 | )
Net current assets |  | 23,257 |  | 32,233 |
Total assets less current liabilities |  | 336,857 |  | 345,833 |
Creditors: amounts falling due after more than one year | 8 | (202,224 | ) | (207,170 | )
Provisions for liabilities |  | (24,840 | ) | (24,840 | )
Net assets |  | 109,793 |  | 113,823 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Revaluation reserve |  | 107,741 |  | 107,741 |
Profit and loss account |  | 1,952 |  | 5,982 |
Shareholders funds |  | 109,793 |  | 113,823 |

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.
Director's responsibilities:

- 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 director acknowledges their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
5 July 2026
, and are signed on behalf of the board by:

A Sapala
Director

Company registration number:
10908086
Sawong Property Ventures Ltd
Notes to the Financial Statements
Year ended
31 August 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
40 Egbert Gardens
,
Wickford
,
Essex
,
SS11 7BW
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Current tax

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.

## Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are measured at fair value with changes in fair value being recognised in profit or loss.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## 4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

## 5 Investments

| Other investments other than loans
--- | ---
| £
Cost |  |
At 1 September 2024 | 313,600 |
At 31 August 2025 | 313,600 |
Impairment |  |
At 1 September 2024 and 31 August 2025 | - |
Carrying amount |  |
At 31 August 2025 | 313,600 |
At 31 August 2024 | 313,600 |

## 6 Investments

| 2025 | 2024
--- | --- | ---
| £ | £
Other current asset investments | 32,998 |  | 32,998 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Taxation and social security | 446 |  | - |
Other creditors | 9,520 |  | 800 |
| 9,966 |  | 800 |

## 8 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 202,224 |  | 207,170 |

Bank loans include £173,996 (2024: £173,996) secured by a first legal charge in favour of Shawbrook Bank Limited over the company's investment property. The remaining balance of £28,228 (2024: £33,174) relates to a Bounce Back Loan which is unsecured, benefiting from a UK Government guarantee to the lender.
Included in the above are amounts of £173,996 (2024: £173,996) falling due after more than five years, repayable otherwise than by instalments