Company No: 03375195 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	30.04.2026		31.10.2024
		£		£
Fixed assets
Tangible assets	4	225,848		231,921
		225,848		231,921
Current assets
Debtors	5	9,600		13,362
Cash at bank and in hand		322,069		518,971
		331,669		532,333
Creditors: amounts falling due within one year	6	( 135,670)		( 114,857)
Net current assets		195,999		417,476
Total assets less current liabilities		421,847		649,397
Provision for liabilities	7	( 4,110)		( 5,628)
Net assets		417,737		643,769
Capital and reserves
Called-up share capital	8	111		111
Profit and loss account		417,626		643,658
Total shareholders' funds		417,737		643,769

For the financial period ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial period 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 Swillingham & Spalding Limited (registered number: 03375195) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S Spalding Director

29 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Swillingham & Spalding 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 74 Rochester Place, London, NW1 9JX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Statement of Financial Position 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.

Reporting period length

The reporting period length has been extended to 18 months.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

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

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.11.2024 to 30.04.2026		Year ended 31.10.2024
	Number		Number
Monthly average number of persons employed by the company during the period, including directors	5		5

3. Dividends on equity shares

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 November 2024	209,410		96,840		306,250
Additions	0		2,488		2,488
At 30 April 2026	209,410		99,328		308,738
Accumulated depreciation
At 01 November 2024	0		74,329		74,329
Charge for the financial period	0		8,561		8,561
At 30 April 2026	0		82,890		82,890
Net book value
At 30 April 2026	209,410		16,438		225,848
At 31 October 2024	209,410		22,511		231,921

5. Debtors

	30.04.2026		31.10.2024
	£		£
Trade debtors	9,600		42
Other debtors	0		13,320
	9,600		13,362

6. Creditors: amounts falling due within one year

	30.04.2026		31.10.2024
	£		£
Bank overdrafts	1,906		3,309
Trade creditors	1,683		33,090
Taxation and social security	32,800		28,997
Other creditors	99,281		49,461
	135,670		114,857

7. Deferred tax

	30.04.2026		31.10.2024
	£		£
At the beginning of financial period/year	( 5,628)		( 5,935)
Credited to the Statement of Income and Retained Earnings	1,518		307
At the end of financial period/year	( 4,110)		( 5,628)

8. Called-up share capital

	30.04.2026		31.10.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
10 Ordinary B shares of £ 1.00 each	10		10
1 Ordinary D share of £ 1.00	1		1
	111		111