REGISTERED NUMBER: 00736596 (England and Wales)

Kitfix Swallow Properties Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

P E J Marcus

J Marcus

Registered office:

2 Tusser Road

Taverham

Norwich

NR8 6TQ

Registered number:

00736596 (England and Wales)

Current assets

Debtors

4

6,382,932

6,071,049

Cash at bank

691,192

821,604

7,074,124

6,892,653

Creditors

Amounts falling due within one year

5

21,750

23,310

Net current assets

7,052,374

6,869,343

Total assets less current liabilities

7,052,374

6,869,343

Provisions for liabilities

6

77,534

77,534

Net assets

6,974,840

6,791,809

Capital and reserves

Called up share capital

80,000

80,000

Fair value reserve

7

(5,502

)

(5,502

)

Retained earnings

6,900,342

6,717,311

Shareholders' funds

6,974,840

6,791,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

J Marcus - Director

1.	Statutory information

Kitfix Swallow Properties 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, 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 profit or loss.

Financial instruments

The Company only 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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Going concern

Taking into account the current uncertain economic climate, the directors have concluded there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and hence that it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

4,752

Amounts owed by group undertakings

36,543

33,543

Other debtors

50,727

50,941

87,270

89,236

Amounts falling due after more than one year:

Other debtors

6,295,662

5,981,813

Aggregate amounts

6,382,932

6,071,049

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

4,080

Other creditors

21,750

19,230

21,750

23,310

6.	Provisions for liabilities

2025

2024

£

£

Deferred tax

77,534

77,534

Deferred tax

£

Balance at 1 January 2025

77,534

Balance at 31 December 2025

77,534

7.

Reserves

Fair value

reserve

£

At 1 January 2025

and 31 December 2025

(5,502

)

8.	Related party disclosures

At the year end the Company was owed £50,727 (2024: £50,941) by Kitfix Swallow Group Ltd., an associated company.