Swell Homes Ltd


Directors	Michael George Lawless
	Lisa Joanne Merrick-Lawless


Registered Address	3rd Floor 86-90 Paul Street
	London
	EC2A 4NE


Registered Number	10855655 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		467,629		467,629
			467,629		467,629
Current assets
Debtors		-		247
Cash at bank and on hand		295		4,815
		295		5,062
Creditors amounts falling due within one year	4	(1,391)		(1,344)
Net current assets (liabilities)			(1,096)		3,718
Total assets less current liabilities			466,533		471,347
Creditors amounts falling due after one year	5		(447,664)		(453,579)
Provisions for liabilities	6		(1,311)		(1,311)
Net assets			17,558		16,457
Capital and reserves
Called up share capital			100		100
Other reserves			5,590		5,590
Profit and loss account			11,868		10,767
Shareholders' funds			17,558		16,457

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2026, and are signed on its behalf by:

Michael George Lawless
Director
Registered Company No. 10855655

Swell Homes Ltd

Notes to the Financial Statements
for the year ended 31 March 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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover represents rental income receivable during the year, net of VAT. Rental income is recognised in the period to which it relates.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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.

	Investment property
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Investment property


		£
	Fair value at 01 April 25	467,629
	At 31 March 26	467,629

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	11	-
Accrued liabilities and deferred income	1,380	1,344
Total	1,391	1,344


	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.

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	254,866	254,866
Other creditors	192,798	198,713
Total	447,664	453,579

6.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	1,311	1,311
Total	1,311	1,311