Swallowtail Hill Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04691522 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Swallowtail Hill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Broadbent

C Broadbent

REGISTERED OFFICE:

Rectory House

Main Street

Beckley

East Sussex

TN31 6RS

REGISTERED NUMBER:

04691522 (England and Wales)

ACCOUNTANTS:

Rectory Accounting Limited

Rectory House

Main Street

Beckley

East Sussex

TN31 6RS

FIXED ASSETS

Tangible assets

4

110,702

130,595

CURRENT ASSETS

Stocks

33,424

37,604

Debtors

5

60

212

Cash at bank and in hand

24,458

30,036

57,942

67,852

CREDITORS

Amounts falling due within one year

6

217,789

234,008

NET CURRENT LIABILITIES

(159,847

)

(166,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,145

)

(35,561

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(49,147

)

(35,563

)

(49,145

)

(35,561

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 August 2023 and were signed on its behalf by:

Mrs S Broadbent - Director

1.	STATUTORY INFORMATION

Swallowtail Hill 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.

At the year end the balance sheet has a deficit of £49,145 (2021 deficit £35,561). The company is being supported by the Directors both directly and by companies under their control. The directors and those companies have indicated their willingness to continue to provide this support and as such the accounts have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Campsite accommodation and equipment

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Campsite

accommodati

and

equipment

£

COST

At 1 January 2022

and 31 December 2022

322,334

DEPRECIATION

At 1 January 2022

191,739

Charge for year

19,893

At 31 December 2022

211,632

NET BOOK VALUE

At 31 December 2022

110,702

At 31 December 2021

130,595

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

-

212

Other debtors

60

-

60

212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

179

1,430

Taxation and social security

7,007

2,470

Other creditors

210,603

230,108

217,789

234,008