Company Registration No. 09870793 (England and Wales)
SWIFT GROUP LONDON LIMITED
Unaudited accounts
for the year ended 30 November 2019
SWIFT GROUP LONDON LIMITED
Unaudited accounts
Contents
SWIFT GROUP LONDON LIMITED
Statement of financial position
as at
30 November 2019
Tangible assets
11,918,303
11,918,303
Investment property
4,854
4,854
Cash at bank and in hand
32,422
49,916
Creditors: amounts falling due within one year
(127,279)
(13,286)
Net current assets
76,796
139,029
Total assets less current liabilities
11,999,953
12,062,186
Creditors: amounts falling due after more than one year
(3,873,114)
(3,966,232)
Net assets
8,126,839
8,095,954
Called up share capital
200
200
Share premium
8,048,234
8,048,234
Profit and loss account
78,405
47,520
Shareholders' funds
8,126,839
8,095,954
For the year ending 30 November 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2020 and were signed on its behalf by
Amin WARIND
Director
Company Registration No. 09870793
SWIFT GROUP LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2019
SWIFT GROUP LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09870793. The registered office is 710 ROMFORD ROAD, LONDON, E12 6BT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2018
11,917,304
1,332
11,918,636
At 30 November 2019
11,917,304
1,332
11,918,636
At 1 December 2018
-
333
333
At 30 November 2019
-
333
333
At 30 November 2019
11,917,304
999
11,918,303
At 30 November 2018
11,917,304
999
11,918,303
5
Investment property
2019
Fair value at 1 December 2018
4,854
At 30 November 2019
4,854
Trade debtors
2,660
11,483
Other debtors
168,993
90,916
SWIFT GROUP LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2019
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
13,013
13,013
Taxes and social security
37,961
35,766
Other creditors
9,654
10,802
Loans from directors
63,651
(49,295)
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
3,873,114
3,966,232
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).