REGISTERED NUMBER: 07428440 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

Swandown Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W J D Taylor

A S R Taylor

SECRETARY:

M J Taylor

REGISTERED OFFICE:

542 Bishops Caundle

Sherborne

Dorset

DT9 5ND

REGISTERED NUMBER:

07428440 (England and Wales)

ACCOUNTANT:

Gordon Chubb

542 Bishops Caundle

Sherborne

Dorset

DT9 5ND

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

753,084

753,084

753,084

753,084

CURRENT ASSETS

Debtors

5

24,365

(28,176

)

Cash at bank

4,905

41,848

29,270

13,672

CREDITORS

Amounts falling due within one year

6

104,988

111,736

NET CURRENT LIABILITIES

(75,718

)

(98,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

677,366

655,020

CAPITAL AND RESERVES

Called up share capital

72,100

72,100

Share premium

2,400

2,400

Retained earnings

602,866

580,520

SHAREHOLDERS' FUNDS

677,366

655,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 4th December 2018 and were signed on its behalf by:

A S R Taylor - Director

1.	STATUTORY INFORMATION

Swandown Development 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.

Tangible fixed assets

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

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2017

and 31st March 2018

2,423

DEPRECIATION

At 1st April 2017

and 31st March 2018

2,423

NET BOOK VALUE

At 31st March 2018

-

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2018

2017

£

£

Mortgage loan JJA Taylor £1

215,344

215,344

Mortgage loan E D Taylor £13

268,870

268,870

Mortgage loan S J Taylor £14

268,870

268,870

753,084

753,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

28

Other debtors

24,365

(28,204

)

24,365

(28,176

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

17,243

17,284

Amounts owed to associates

50,000

-

Taxation and social security

10,218

66,175

Other creditors

27,527

28,277

104,988

111,736