Swan Letting Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09958465 (England and Wales)

Unaudited Financial Statements

for the Period 19 January 2016 to 31 January 2017

for

Swan Letting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Birla

Mrs N Birla

REGISTERED OFFICE:

38A Trafalgar Place

Brymill

Swansea

West Glamorgan

SA2 0BU

REGISTERED NUMBER:

09958465 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

4

1,042

Investment property

5

712,901

713,943

CURRENT ASSETS

Debtors

6

2,809

Cash at bank

5,322

8,131

CREDITORS

Amounts falling due within one year

7

452,194

NET CURRENT LIABILITIES

(444,063

)

TOTAL ASSETS LESS CURRENT LIABILITIES

269,880

CREDITORS

Amounts falling due after more than one year

8

281,116

NET LIABILITIES

(11,236

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(11,238

)

SHAREHOLDERS' FUNDS

(11,236

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 December 2017 and were signed on its behalf by:

B Birla - Director

1.	STATUTORY INFORMATION

Swan Letting 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 etc

-

25% on reducing balance

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 period 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 period 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.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,390

At 31 January 2017

1,390

DEPRECIATION

Charge for period

348

At 31 January 2017

348

NET BOOK VALUE

At 31 January 2017

1,042

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

712,901

At 31 January 2017

712,901

NET BOOK VALUE

At 31 January 2017

712,901

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Deferred tax asset

2,809

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

131,000

Other loans

170,291

Trade creditors

847

Other creditors

4,900

Directors' current accounts

143,956

Accrued expenses

1,200

452,194

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yr by instal

281,116

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

281,116

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company received a loan from Mrs. N. Birla of £131,000. This is repayable on

demand.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors Mr. B. Birla and Mrs. N. Birla.