REGISTERED NUMBER: 12429546 (England and Wales)

Swanhill Finance Limited

Unaudited Financial Statements for the Year Ended 31st March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J E Thompson

REGISTERED OFFICE:

Swanhill House

Church Lane

Bilton

Hull

East Yorkshire

HU11 4DZ

REGISTERED NUMBER:

12429546 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

CURRENT ASSETS

Debtors

4

1,325,152

1,627,423

Cash at bank

360,878

46,783

1,686,030

1,674,206

CREDITORS

Amounts falling due within one year

5

1,047,695

1,463,042

NET CURRENT ASSETS

638,335

211,164

TOTAL ASSETS LESS CURRENT LIABILITIES

638,335

211,164

CAPITAL AND RESERVES

Called up share capital

6

500,000

175,000

Retained earnings

138,335

36,164

SHAREHOLDERS' FUNDS

638,335

211,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit & loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th August 2026 and were signed by:

Mrs J E Thompson - Director

1.	STATUTORY INFORMATION

Swanhill Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest income

Interest income is recognised using the effective interest method on commercial loans provided.

Financial instruments

Debt instruments with no stated interest rate that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Debt instruments such as loans, borrowings and other accounts receivable and payable over more than one year are initially measured at the transaction price including transaction cost. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Compound financial instruments that contain both a liability and an equity component, such as fixed term interest-free loans and redeemable preference shares are allocated between the liability component and the equity component. The liability component is determined by calculating the present value of the future payments discounted at a market rate of interest of a similar debt instrument. The equity component is the measurement difference which is accounted for as a capital contribution directly in equity.

When shares are issued, any component that creates a financial liability of the company or group is presented as a liability in the balance sheet; measured initially at fair value net of transaction costs and thereafter at amortised cost until extinguished on conversion or redemption. The corresponding dividends relating to the liability component are charged as interest expense in the income statement. The initial fair value of the liability component is determined using a market rate for an equivalent liability without a conversion feature. The remainder of the proceeds on issue is allocated to the equity component and included in shareholders’ equity, net of transaction costs. The carrying amount of the equity component is not re-measured in subsequent years.

Other non-basic financial instruments are measured at fair value through profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Loans and advances to

customers

1,325,152

1,597,300

Trade debtors

-

30,123

1,325,152

1,627,423

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

27,848

-

Other creditors

1,019,847

1,463,042

1,047,695

1,463,042

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

175,000

Ordinary

£1

175,000

175,000

325,000

Preference

£1

325,000

-

500,000

175,000

During the year, 325,000 £1 Preference shares were issued and allotted by way of a rights issue on the existing ordinary shares at a rate of 1.85714286 preference shares for every one ordinary shares of £1 each held. The Preference shares were paid up by way of capitalisation of £325,000 of the loan owing by the company to the shareholder.

The Preference shares do not carry any voting or dividend rights.

7.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan from a director of £1,008,042 (2025: £1,433,230). The loan is interest free and repayable on demand.