Swiftbourne Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01324942 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SWIFTBOURNE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C A Smith

SECRETARY:

Mrs N M Smith

REGISTERED OFFICE:

Hillside

Gills Hill Lane

Radlett

Hertfordshire

WD7 8DB

REGISTERED NUMBER:

01324942 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

21,288

21,920

CURRENT ASSETS

Cash at bank

15,489

24,895

CREDITORS

Amounts falling due within one year

5

24,363

29,572

NET CURRENT LIABILITIES

(8,874

)

(4,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,414

17,243

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

12,314

17,143

SHAREHOLDERS' FUNDS

12,414

17,243

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 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 director on 30 August 2018 and were signed by:

C A Smith - Director

1.	STATUTORY INFORMATION

Swiftbourne 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

This represents income received in relation to fees received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Freehold property - not provided

Long leasehold - not provided

Fixtures and fittings - 25% on reducing balance

It is the company's practice to maintain its properties in a continual state of sound repair and make improvements

thereto from time to time. Accordingly the director considers that the life of these assets is so long and the

residual value so high that its depreciation is insignificant.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

4,723

14,671

8,893

28,287

DEPRECIATION

At 1 January 2017

-

-

6,367

6,367

Charge for year

-

-

632

632

At 31 December 2017

-

-

6,999

6,999

NET BOOK VALUE

At 31 December 2017

4,723

14,671

1,894

21,288

At 31 December 2016

4,723

14,671

2,526

21,920

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

3,388

2,710

Other creditors

20,975

26,862

24,363

29,572

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

7.	TRANSACTIONS WITH DIRECTORS

Included in accountancy fees is an amount of £1,900 (2016 - £2,280) payable to C A Smith.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the family of the director, by virtue of their ordinary shareholding in the company.