ACCOUNTS - Final Accounts preparation

SW (SCOTLAND) GROUP LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30No description of principal activity2022-05-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC578067 2022-05-01 2023-04-30 SC578067 2021-01-01 2022-04-30 SC578067 2023-04-30 SC578067 2022-04-30 SC578067 c:Director1 2022-05-01 2023-04-30 SC578067 c:RegisteredOffice 2022-05-01 2023-04-30 SC578067 d:Buildings 2022-05-01 2023-04-30 SC578067 d:Buildings 2023-04-30 SC578067 d:Buildings 2022-04-30 SC578067 d:CurrentFinancialInstruments 2023-04-30 SC578067 d:CurrentFinancialInstruments 2022-04-30 SC578067 d:Non-currentFinancialInstruments 2023-04-30 SC578067 d:Non-currentFinancialInstruments 2022-04-30 SC578067 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC578067 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC578067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC578067 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 SC578067 d:ShareCapital 2023-04-30 SC578067 d:ShareCapital 2022-04-30 SC578067 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC578067 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC578067 c:OrdinaryShareClass1 2022-05-01 2023-04-30 SC578067 c:OrdinaryShareClass1 2023-04-30 SC578067 c:OrdinaryShareClass1 2022-04-30 SC578067 c:FRS102 2022-05-01 2023-04-30 SC578067 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 SC578067 c:FullAccounts 2022-05-01 2023-04-30 SC578067 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 SC578067 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC578067

SW (SCOTLAND) GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

SW (SCOTLAND) GROUP LIMITED

COMPANY INFORMATION

Director	Mr S D D Whyte


Registered number	SC578067


Registered office	5-10 Dock Place
	Edinburgh
	EH6 6LU


Accountants	EQ Accountants LLP
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

SW (SCOTLAND) GROUP LIMITED

REGISTERED NUMBER: SC578067

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2023

		2023		2022
		£		£

Fixed assets
Tangible assets	4		85,000		713,030
Investments	5		351		284
			85,351		713,314
Current assets
Debtors: amounts falling due after more than one year	6	374,027		668,641
Debtors: amounts falling due within one year	6	20,225		15,281
Bank and cash balances		173,331		46,167
		567,583		730,089
Creditors: amounts falling due within one year	7	(17,504)		(48,528)
Net current assets			550,079		681,561
Total assets less current liabilities			635,430		1,394,875
Creditors: amounts falling due after more than one year	8		-		(993,583)

Net assets			635,430		401,292

Capital and reserves
Called up share capital	9	10,200	10,200
Profit and loss account		625,230	391,092
		635,430	401,292

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SW (SCOTLAND) GROUP LIMITED

REGISTERED NUMBER: SC578067

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr S D D Whyte

Director

Date: 29 November 2023

The notes on pages 3 to 7 form part of these financial statements.

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SW (SCOTLAND) GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

1.	General information

SW (Scotland) Limited is a private company limited by shares incorporated in Scotland with registration number SC578067. The registered office address is 5-10 Dock Place, Edinburgh, EH6 6LU.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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SW (SCOTLAND) GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Freehold property

Nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Valuation of investments

Investments are measured at cost less accumulated impairment.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

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SW (SCOTLAND) GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	At 1 May 2022	713,030
	Disposals	(628,030)
	At 30 April 2023	85,000

	Net book value
	At 30 April 2023	85,000
	At 30 April 2022	713,030

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2022	284
	Additions	100
	Disposals	(33)
	At 30 April 2023	351

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SW (SCOTLAND) GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

6.	Debtors
		2023	2022
		£	£

Due after more than one year
Amounts owed by group undertakings	209,900	246,057
Due from participating interests	164,127	422,584
	374,027	668,641

					2023	2022
					£	£

Due within one year
Trade debtors	15,233	15,000
Other debtors	4,796	-
Prepayments and accrued income	196	281
	20,225	15,281

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Bank loans	-	40,072
Trade creditors	79	2,842
Amounts owed to group undertakings	3,101	133
Other taxation and social security	13,524	4,731
Accruals and deferred income	800	750
	17,504	48,528

8.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£

Bank loans	-	549,636
Amounts owed to other participating interests	-	443,947
	-	993,583

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SW (SCOTLAND) GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

9.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

10,200 (2022 - 10,200) Ordinary shares of £1.00 each	10,200	10,200

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