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Private Limited Company
04347240
2016-04-30
04347240
2015-05-01
2016-04-30
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04347240
2014-05-01
2015-04-30
04347240
uk-bus:Director1
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uk-gaap:PlantMachinery
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uk-gaap:FixturesFittings
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iso4217:GBP
| Swangrove Enterprises Limited |
For the year ended 30 April 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04347240
2
Swangrove Enterprises Limited
For the year ended 30 April 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Swangrove Enterprises Limited
Accountant's Report
For the year ended 30 April 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 30 April 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
| to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Ambers
Norton Manor Estate
Presteigne
Powys
LD8 2EG
31 January 2017
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4
| Abbreviated Balance Sheet |
Swangrove Enterprises Limited
2016
2015
2
269
793
269
793
1,110,213
1,172,183
1,900
13,343
1,174,083
1,123,556
| Creditors: amounts falling due within one year |
3
(1,046,477)
(1,077,014)
77,079
97,069
Net current assets
| Total assets less current liabilities |
97,338
77,872
| Creditors: amounts falling due after more than one year |
(130,113)
(116,256)
(18,918)
Net liabilities
(52,241)
2
2
(52,243)
(97,648)
33,323
45,405
(18,918)
(52,241)
Shareholders funds
| For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 29 January 2017 |
| Signed on behalf of the board of directors |
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5
| Notes to the Abbreviated Financial Statements |
Swangrove Enterprises Limited
For the year ended 30 April 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Fixtures and Fittings
| The company's freehold properties were professionally valued in . This valuation has been reduced by subsequent |
| depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
| January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
| valuation has not been updated. |
| The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Swangrove Enterprises Limited
For the year ended 30 April 2016
16,036
16,036
15,243
524
Charge for year
15,767
269
793
| 3 Creditors: amounts falling due within one year |
| Other Creditors include amounts due to the following private investors £773062 due to Nigel Barker, £29552 due to Pam Savage, £110000 due to Minbarri. These amounts due are unsecured and technically repayable upon demand although the investors have undertaken not to request repayment until the company has sufficient funds available. |
| At the balance sheet date, the company owed £115966 to M Savage who is a director of the company. This loan |
| is interest free. |
| During the year the company paid £15,000 in respect of rent to the director. |
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