SWP (United Kingdom) Limited Filleted accounts for Companies House (small and micro)

SWP (UNITED KINGDOM) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01226312

SWP (United Kingdom) Limited

Filleted Financial Statements

31 October 2019

SWP (United Kingdom) Limited

Financial Statements

Year ended 31 October 2019

Contents	Pages

Officers and professional advisers	1

Independent auditor's report to the members	2 to 4

Income statement	5

Statement of financial position and the notes to the financial statements	6

SWP (United Kingdom) Limited

Officers and Professional Advisers

The board of directors	Natalie Delagnes Talbott
	Andrea Wishom

Company secretary	Reed Smith Corporate Services Limited

Registered office	The Broadgate Tower
	3rd Floor
	20 Primrose Street
	London
	EC2A 2RS

Auditor	West Wake Price LLP
	Chartered Accountants & statutory auditor
	4 City Road
	London
	EC1Y 2AA

SWP (United Kingdom) Limited

Independent Auditor's Report to the Members of SWP (United Kingdom) Limited

Year ended 31 October 2019

Opinion

We have audited the financial statements of SWP (United Kingdom) Limited (the 'company') for the year ended 31 October 2019 which comprise the income statement, statement of financial position and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard (FRS) 105 The Financial Reporting Standard applicable to the Micro-entities Regime (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, specifically FRS 105; - have been prepared in accordance with the requirements of the Companies Act 2006 as applied to micro-entities. Therefore under section 495(3A) of the Companies Act 2006, in our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31 October 2019 and of its loss for the year then ended.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other matter - application of true and fair view

The financial statements have been prepared under the micro-entities regime which does not require the directors or the auditor to consider the inclusion of any disclosures necessary to give a true and fair view where these go beyond the minimum disclosures required by the Companies Act 2006 as applied to micro-entities.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

- the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

- the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the micro-entities regime and take advantage of the micro-entities' exemptions from the requirements to prepare a directors' report and strategic report.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006 as applied to micro-entities. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Michael Peters

(Senior Statutory Auditor)

For and on behalf of

West Wake Price LLP

Chartered Accountants & statutory auditor

4 City Road

London

EC1Y 2AA

14 May 2020

SWP (United Kingdom) Limited

Income Statement

Year ended 31 October 2019

	2019	2018
	£	£
Other charges	1,800	1,752

	-------	-------
Loss	( 1,800)	( 1,752)
	-------	-------

SWP (United Kingdom) Limited

Statement of Financial Position

31 October 2019

	2019		2018
	£	£	£
Creditors: amounts falling due within one year		50,669	48,917
		--------	--------
Net current liabilities		50,669	48,917
		--------	--------
Total assets less current liabilities		( 50,669)	( 48,917)

Accruals and deferred income	1,800	1,752
	--------	--------
	(52,469)	(50,669)
	--------	--------

Capital and reserves	( 52,469)	( 50,669)
	--------	--------

Notes to the financial statements

1. Going concern

The directors, having assessed the responses of the directors of the company's parent, George Lucas, Inc., to their enquiries have no reason to believe that a material uncertainty exists that may cast a significant doubt about the ability of the company to continue as a going concern.

On the basis of their assessment of the company's financial position and of the enquiries made of the directors of George Lucas, Inc., the company's directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 14 May 2020 , and are signed on behalf of the board by:

Natalie Delagnes Talbott
Director

Company registration number: 01226312

The company is a private company limited by shares, registered in England and Wales.