Company Registration No. 09870793 (England and Wales)
SWIFT GROUP LONDON LIMITED
Unaudited accounts
for the year ended 30 November 2021
SWIFT GROUP LONDON LIMITED
Unaudited accounts
Contents
SWIFT GROUP LONDON LIMITED
Statement of financial position
as at
30 November 2021
Investment property
11,923,286
11,922,158
Cash at bank and in hand
128,763
102,484
Creditors: amounts falling due within one year
(240,741)
(190,406)
Net current assets
73,132
95,843
Total assets less current liabilities
11,996,980
12,018,750
Creditors: amounts falling due after more than one year
(3,720,760)
(3,825,743)
Net assets
8,276,220
8,193,007
Called up share capital
200
200
Share premium
8,048,234
8,048,234
Profit and loss account
227,786
144,573
Shareholders' funds
8,276,220
8,193,007
For the year ending 30 November 2021 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 25 August 2022 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 2021
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 30 November 2021
1,332
5
Investment property
2021
Fair value at 1 December 2020
11,922,158
At 30 November 2021
11,923,286
SWIFT GROUP LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
18,629
15,768
Other debtors
166,481
167,997
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
38,889
29,269
Taxes and social security
46,491
41,279
Other creditors
49,080
8,233
Loans from directors
92,781
98,125
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
3,720,760
3,825,743
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).