Chris Swallow Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08028754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHRIS SWALLOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Swallow

REGISTERED OFFICE:

The Malt House

Warrington Road

Bartington

Northwich

Cheshire

CW8 4QU

REGISTERED NUMBER:

08028754 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

-

194

Investment property

5

130,000

130,000

130,000

130,194

CURRENT ASSETS

Debtors

6

55,000

55,000

Cash at bank

21,263

37,009

76,263

92,009

CREDITORS

Amounts falling due within one year

7

2,430

2,606

NET CURRENT ASSETS

73,833

89,403

TOTAL ASSETS LESS CURRENT LIABILITIES

203,833

219,597

CREDITORS

Amounts falling due after more than one year

8

(63,380

)

(64,836

)

PROVISIONS FOR LIABILITIES

(3,700

)

(3,700

)

NET ASSETS

136,753

151,061

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

136,752

151,060

SHAREHOLDERS' FUNDS

136,753

151,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 May 2024 and were signed by:

C J Swallow - Director

1.	STATUTORY INFORMATION

Chris Swallow 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2023

and 31 December 2023

4,745

DEPRECIATION

At 1 January 2023

4,551

Charge for year

194

At 31 December 2023

4,745

NET BOOK VALUE

At 31 December 2023

-

At 31 December 2022

194

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2023

and 31 December 2023

130,000

NET BOOK VALUE

At 31 December 2023

130,000

At 31 December 2022

130,000

Fair value at 31 December 2023 is represented by:

£

Valuation in 2022

14,640

Cost

115,360

130,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/12/23

31/12/22

£

£

Cost

115,360

115,360

Investment property was valued on an open market basis on by C J Swallow .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Other debtors

55,000

55,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Bank loans and overdrafts (see note 9)

1,456

1,456

Tax

-

87

Social security and other taxes

-

8

Directors' current accounts

124

305

Accrued expenses

850

750

2,430

2,606

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/23

31/12/22

£

£

Bank loans (see note 9)

63,380

64,836

9.

LOANS

An analysis of the maturity of loans is given below:

31/12/23

31/12/22

£

£

Amounts falling due within one year or on demand:

Bank loans

1,456

1,456

Amounts falling due between one and two years:

Bank loans - 1-2 years

63,380

64,836

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/23

31/12/22

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 January 2023

151,060

Deficit for the year

(1,558

)

Dividends

(12,750

)

At 31 December 2023

136,752

12.	RELATED PARTY DISCLOSURES

During the year 2021 the company made loans amounting to £45,000 to Halls Totara Limited, a company in which the wife of Mr C J Swallow is a Director and Shareholder. A further £10,000 was advanced in the year 2022. Interest is payable at 5.9% over base rate and the loan is repayable on demand.

13.	INVESTMENT PROPERTY REVALUATION

The property has been revalued by the Director using current market data and not a formal professional valuation.