Swanwell Developments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03590593 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

SWANWELL DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

C S Hartnell

Mrs S M Hartnell

Mrs I Hartnell

SECRETARY:

C S Hartnell

REGISTERED OFFICE:

4 Clifton Road

Clifton

Bristol

BS8 1AG

REGISTERED NUMBER:

03590593 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

FIXED ASSETS

Tangible assets

4

970

315

Investments

5

7

7

977

322

CURRENT ASSETS

Debtors

6

57,293

85,997

Cash at bank

1,959

9,262

59,252

95,259

CREDITORS

Amounts falling due within one year

7

171,633

194,415

NET CURRENT LIABILITIES

(112,381

)

(99,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(111,404

)

(98,834

)

CREDITORS

Amounts falling due after more than one year

8

47,475

47,475

NET LIABILITIES

(158,879

)

(146,309

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(158,979

)

(146,409

)

SHAREHOLDERS' FUNDS

(158,879

)

(146,309

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 April 2018 and were signed on its behalf by:

C S Hartnell - Director

1.	STATUTORY INFORMATION

Swanwell Developments 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 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. The financial statements have been prepared under the historical cost convention.

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.

Computer equipment

-

15% on cost

Investments in associates

Investments in associate 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Going concern

The accounts have been prepared on a going concern basis as the directors have pledged their support

for the next twelve months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2016

2,481

Additions

874

At 31 October 2017

3,355

DEPRECIATION

At 1 November 2016

2,166

Charge for year

219

At 31 October 2017

2,385

NET BOOK VALUE

At 31 October 2017

970

At 31 October 2016

315

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 November 2016

and 31 October 2017

7

NET BOOK VALUE

At 31 October 2017

7

At 31 October 2016

7

Swanwell Developments Limited has an investment in AC Niellsen Limited. During last year AC

Niellsen Limited issued three ordinary £1 bonus shares for every one ordinary £1 share held.

At the year end Swanwell Developments Limited owned 28 of the 84 issued ordinary shares of AC

Niellsen Limited.

These accounts present information about Swanwell Developments Limited as an individual

undertaking and not as a group.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

-

1,463

Other debtors

57,293

84,534

57,293

85,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

2,059

-

Amounts owed to associates

18,470

18,470

Taxation and social security

2,338

10,775

Other creditors

148,766

165,170

171,633

194,415

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Other creditors

47,475

47,475

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2017 and

31 October 2016:

31.10.17

31.10.16

£

£

C S Hartnell and Mrs I Hartnell

Balance outstanding at start of year

52,526

28,372

Amounts advanced

5,392

30,686

Amounts repaid

(28,364

)

(6,532

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,554

52,526

10.	RELATED PARTY DISCLOSURES

During the year Swanwell Developments Limited recharged expenses in the sum of £2,541 (2016:

£2,063) and management fees of £65,301 (2016: £57,673) to AC Niellsen Limited, a related company

for which Simon Hartnell is a director. The balance owed by Swanwell Developments Limited at the

year end was £18,470 (2016: £18,470).

During the year Swanwell Developments Ltd received management fees in the sum of £2,438 (2016:

£4,875) from Hill Cameley LLP. The Director, Simon Hartnell is also a director of Incastone Ltd

which is a partner in Hill Cameley LLP. The balance due from Hill Cameley LLP at 31 October 2017

was £0 (2016: £1,462).

The director C S Hartnell is also a director of Incastone Limited. The Company maintains an inter

company account with Incastone Limited and at the year end the balance due from Incastone Limited

was £20,070 (2016: £17,980).

Included within debtors is a directors' loan account in the sum of £29,554 owed by the directors, CS

Hartnell and I Hartnell (2016: £52,526). The amount is unsecured, accrues interest at HMRC's official

rate and carries no fixed date of repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C S Hartnell.

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 Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2017 set out on pages three to nine and you consider that the company is exempt from an audit.

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.

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

12 April 2018