Swaylands Estate Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05219044 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2022

for

SWAYLANDS ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Ms C Hewson

Ms L Palmer

C Cox

Mrs M E Edwards

R G Warner

S Bolton

D Smellie

Mrs C M Rouse

REGISTERED OFFICE:

The Site Office, Swaylands Estate

Penshurst Road

Penshurst

Tonbridge

Kent

TN11 8DZ

REGISTERED NUMBER:

05219044 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swaylands Estate Management Limited for the year ended 31st December 2022 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Swaylands Estate Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Swaylands Estate Management Limited and state those matters that we have agreed to state to the Board of Directors of Swaylands Estate Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swaylands Estate Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Swaylands Estate Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Swaylands Estate Management Limited. You consider that Swaylands Estate Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Swaylands Estate Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

22nd June 2023

FIXED ASSETS

Property, plant and equipment

4

106,050

106,517

Investments

5

100

100

106,150

106,617

CURRENT ASSETS

Debtors

6

5,024

2,992

Cash at bank

20,734

12,803

25,758

15,795

CREDITORS

Amounts falling due within one year

7

18,017

9,076

NET CURRENT ASSETS

7,741

6,719

TOTAL ASSETS LESS CURRENT LIABILITIES

113,891

113,336

CAPITAL AND RESERVES

Called up share capital

60

60

Revaluation reserve

8

104,950

104,950

Retained earnings

8,881

8,326

113,891

113,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd June 2023 and were signed on its behalf by:

S Bolton - Director

1.	STATUTORY INFORMATION

Swaylands Estate Management 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.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 6 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2021 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2022

100,214

16,681

116,895

Additions

-

700

700

At 31st December 2022

100,214

17,381

117,595

DEPRECIATION

At 1st January 2022

-

10,378

10,378

Charge for year

-

1,167

1,167

At 31st December 2022

-

11,545

11,545

NET BOOK VALUE

At 31st December 2022

100,214

5,836

106,050

At 31st December 2021

100,214

6,303

106,517

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2022

and 31st December 2022

100

NET BOOK VALUE

At 31st December 2022

100

At 31st December 2021

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,350

-

Other debtors

600

600

Amounts due from service charge

2,769

2,169

Prepayments

305

223

5,024

2,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

701

-

Amounts owed to group undertakings

100

100

Tax

316

76

Accruals and deferred income

16,900

8,900

18,017

9,076

8.

RESERVES

Revaluation

reserve

£

At 1st January 2022

and 31st December 2022

104,950