Company Registration No. 09870793 (England and Wales)
SWIFT GROUP LONDON LIMITED
Unaudited accounts
for the year ended 30 November 2022
SWIFT GROUP LONDON LIMITED
Unaudited accounts
Contents
SWIFT GROUP LONDON LIMITED
Statement of financial position
as at 30 November 2022
Investment property
11,977,986
11,923,286
Cash at bank and in hand
1,055,916
128,763
Creditors: amounts falling due within one year
(259,272)
(240,741)
Net current assets
1,013,490
73,132
Total assets less current liabilities
12,998,500
11,996,980
Creditors: amounts falling due after more than one year
(4,635,518)
(3,720,760)
Net assets
8,362,982
8,276,220
Called up share capital
200
200
Share premium
8,048,234
8,048,234
Profit and loss account
314,548
227,786
Shareholders' funds
8,362,982
8,276,220
For the year ending 30 November 2022 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 August 2023 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 2022
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:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2021
-
1,332
1,332
At 30 November 2022
7,000
1,332
8,332
At 1 December 2021
-
770
770
Charge for the year
398
140
538
At 30 November 2022
398
910
1,308
At 30 November 2022
6,602
422
7,024
At 30 November 2021
-
562
562
Fair value at 1 December 2021
11,923,286
At 30 November 2022
11,977,986
SWIFT GROUP LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Trade debtors
65,801
18,629
Other debtors
151,045
166,481
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
41,359
38,889
Taxes and social security
44,937
46,491
Other creditors
73,449
49,080
Loans from directors
86,027
92,781
Deferred income
13,500
13,500
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
4,635,518
3,720,760
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).